Why is it called covalent?

I'm curious, why did the creators of this cryptocurrency or blockchain technology choose the name "covalent"? Is there a specific meaning or symbolism behind the name? Is it meant to convey a sense of unity or interconnectedness, given the term's chemical connotations of bonding atoms together? Or is there another reason entirely? I'd love to hear the story behind the name and how it ties in with the project's goals and vision.