Cosmos development company Tendermint announces restructuring

Cosmos development company Tendermint Inc announced the reorganization. The development team and Tendermint Core team of the inter-chain communication protocol IBC (Inter Blockchain Communication) will be separated from Tendermint Inc to establish an independent company based in Berlin. After the spin-off, Tendermint Inc will focus on the construction of the Cosmos community, the development and operation of the Cosmos SDK and the eco-project Virgo. Tendermint Inc also confirmed that Zaki Manian, director of Tendermint Labs who had previously fired on Cosmos founder Jae Kwon, has left. In addition, Tendermint's security chief Jessy Irwin and product director Jack Zampolin have also resigned.