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.
Description
Here's how it works:
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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.
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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.
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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.
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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 the Project
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
$10,000,000
$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
$1,000,000
Seed Round
Led by Hashkey Capital, Youbi Capital. Other investors were NGC Ventures, GBV, DFG, Spark, SNZ Holding.