What is Ignite (formerly Tendermint)?

Ignite (formerly known as Tendermint) is a company founded in 2014 by computer scientist Jae Kwon. Tendermint is the creator of the Proof-of-Stake (PoS) Tendermint Core Byzantine Fault Tolerant (BFT) consensus mechanism that was initially built for the Cosmos Hub blockchain. Tendermint functions as a gateway to the Cosmos blockchain ecosystem. The company created the Application Blockchain Interface (ABCI), which enables the replication of decentralized applications (dApps) written in a variety of programming languages. They also built the Inter-Blockchain Communication (IBC) protocol, an interoperability protocol designed to enhance the security of data transfers between different blockchains.