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There was actually a book that was written about The Undertaker and Kane's past which actually explained that "Kane" was the maiden name of The Undertaker and Kane's shared mother. Therefore, an homage would make the most sense, you could just simply call that writer a liar who never had any sources for his information (and perhaps even worked for Paul Bearer to make the Father of Evil more money -- or was just duped out of Bearer's own desire to cause mischief). But, if you wanted to take that story as kayfabe, then The Undertaker taking the name "Kane," "Caine" or "Cain" could have been tribute to his fallen mother.
Kane could have chosen the name to pay respect to his mother, as well, or used it to remind Taker of his origins. You know: "Remember when you used this name?" Then you'd need to explain how Taker knew Kane as his brother despite it being his mother's maiden name when Paul announced that "Kane lives!"
Yeah, shit's fucked.
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