Tendermint Labs Director Zaki Manian Resigns
- He will still contribute to the Cosmos blockchain.
Zaki Manian, director of Tendermint Labs, has stepped down from his position, having headed the development of Cosmos Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.
Reported by Decrypt on Tuesday, Manin will continue to contribute to the blockchain project.
Cosmos is one of the hyped decentralized projects as it is attempting to create the "Internet of Blockchains." The project raised $17 million in 2017 in a public token sale in a mere 29 minutes.
Power struggle
Manian's resignation from the project was fueled by an ongoing battle between him and Jae Kwon, the founder and CEO of the blockchain Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term. The spat between the two became public earlier this month as Manian accused Kwon of mismanagement.
Over the last 6 months, Jae has obsessively focused on Virgo while neglecting and under resourcing IBC. He threw a painstakingly planned hiring and resource improvement proposal out the window to become @BitcoinJaesus . His behavior has become an untenable distraction.
— Zaki Manian (@zmanian) February 3, 2020
Per the Decrypt report, Manian also threatened before to leave with a bulk of his engineering if Kwon does not resign from his post of CEO.
He also accused Kwon of "religious discrimination, loyalty tests, and abusive rants," in the project's internal communication channel.
"There are people inside the company that want to portray this as a power struggle between me and Jae, and this as an outcome and me threatening x, y, and z," Manian told the publication. "But it was really me saying I don't see a way in this arrangement to get the work done. And the best way to get the work done was for me to leave."
However, it is still unclear if any developers from the project followed Manian out. The publication also pointed out that at the beginning of this month, Tendermint Labs had 60 employees.
Zaki Manian, director of Tendermint Labs, has stepped down from his position, having headed the development of Cosmos Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.
Reported by Decrypt on Tuesday, Manin will continue to contribute to the blockchain project.
Cosmos is one of the hyped decentralized projects as it is attempting to create the "Internet of Blockchains." The project raised $17 million in 2017 in a public token sale in a mere 29 minutes.
Power struggle
Manian's resignation from the project was fueled by an ongoing battle between him and Jae Kwon, the founder and CEO of the blockchain Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term. The spat between the two became public earlier this month as Manian accused Kwon of mismanagement.
Over the last 6 months, Jae has obsessively focused on Virgo while neglecting and under resourcing IBC. He threw a painstakingly planned hiring and resource improvement proposal out the window to become @BitcoinJaesus . His behavior has become an untenable distraction.
— Zaki Manian (@zmanian) February 3, 2020
Per the Decrypt report, Manian also threatened before to leave with a bulk of his engineering if Kwon does not resign from his post of CEO.
He also accused Kwon of "religious discrimination, loyalty tests, and abusive rants," in the project's internal communication channel.
"There are people inside the company that want to portray this as a power struggle between me and Jae, and this as an outcome and me threatening x, y, and z," Manian told the publication. "But it was really me saying I don't see a way in this arrangement to get the work done. And the best way to get the work done was for me to leave."
However, it is still unclear if any developers from the project followed Manian out. The publication also pointed out that at the beginning of this month, Tendermint Labs had 60 employees.