Tabichain is a blockchain that combines Cosmos and Ethereum features. It lets developers run Ethereum smart contracts within the Cosmos network. Through this, they can use familiar Ethereum tools on a faster, more scalable blockchain that connects to other Cosmos blockchains.
What is Tabi
Here's how it works:
-
Cosmos SDK Framework: Tabichain is built using the Cosmos SDK, a toolkit for custom blockchains. This framework is highly modular, meaning different features and functionalities can be added or removed easily. This makes Tabichain adaptable to various use cases, including gaming.
-
EVM Compatibility: Tabichain is designed to be fully compatible with the Ethereum Virtual Machine (EVM). This allows developers to run Ethereum smart contracts on Tabichain without any modifications. They can use the same tools they use for Ethereum.
-
CometBFT Consensus: Tabichain uses CometBFT for its consensus mechanism. CometBFT is a system that ensures all network participants agree on the order of transactions quickly and securely. It organizes transactions into blocks and finalizes them in about 5 seconds, making transaction processing fast and reliable.
-
Inter-Blockchain Communication (IBC): As part of the Cosmos ecosystem, Tabichain can communicate and interact with other blockchains using the IBC protocol. This lets assets and data move easily between Tabichain and other blockchains in the Cosmos network, improving interoperability.
In summary, Tabichain combines the strengths of Cosmos and Ethereum, offering a versatile, fast, and scalable blockchain platform. By using CometBFT for quick and secure consensus, supporting Ethereum tools and contracts, and maintaining a modular design, it provides a powerful environment for developers, especially in the gaming industry.
Team of Tabi
Xavier Lee
Founder
Xavier Lee founded MUNDUS Labs in November, 2020, which is the parent company behind Tabi.
Xavier is a serial entrepreneur, an angel investor, and an early and core contributor to DEGO (Binance IEO). In 2015.
In 2019, Xavier served as the general advisor for the Foundation (in Singapore) of an A-share listed company, where he was in charge of tokenomics.
Funding of Tabi
$10,000,000
Angel Round
Led by Animoca Brands. The round was joined by Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, Youbi Capital, and angel investors Fengbo (Dragonfly Capital), Riyad AD (Saudi Arabia), and Suji Yan (Mask Network).
$1,000,000
Seed Round
Led by Hashkey Capital, Youbi Capital. Other investors were NGC Ventures, GBV, DFG, Spark, SNZ Holding.
Tabi review
Pros
Modularity
Built using the Cosmos SDK, allowing easy addition or removal of features, making Tabichain adaptable to various use cases, including gaming.
EVM Compatibility
Fully compatible with the Ethereum Virtual Machine (EVM), enabling developers to run Ethereum smart contracts and use familiar Ethereum tools.
Fast and Secure Transactions
Utilizes CometBFT consensus mechanism, ensuring quick and secure agreement on transaction order, with transaction finalization in about 5 seconds.
Interoperability
Can communicate and interact with other blockchains in the Cosmos ecosystem using the IBC protocol, allowing easy asset and data transfer.
Scalability
Designed to handle high transaction throughput efficiently, making it suitable for large-scale applications.
Cons
Complexity and Security Risks
The modular design and integration of multiple technologies can increase the learning curve and introduce security vulnerabilities if components are not implemented properly.
Reliance on Cosmos and Ethereum Ecosystems
Dependence on these ecosystems means issues or changes in them could impact Tabichain.
Adoption and Network Effect
As a new blockchain, Tabichain may face challenges in gaining adoption compared to more established blockchains.
Opportunities
AirdropMainnet
Minimal cost: ~5 USD
Tabi
Earn Phoenix Feathers by completing missions and exchange them for GG tokens to be eligible for the Tabi airdrop!