Glossary

TABI Token

$TABI is the native gas token of the Tabichain ecosystem, initial validator staking token used to secure the network, and used for paying transaction fees. Read more in Tokens > $TABI.

VeTABI

Block

A data unit containing a list of transactions, which is permanently added to the blockchain in a sequential manner.

Block Time

The time it takes to create a new block on the blockchain. Tabichain has an average block time of < 3 seconds. Note that block time can increase depending on the network congestion.

CometBFT

A general purpose blockchain consensus engine used by Tabichain to achieve high throughput and fast finality in transactions. Read more at Cometbft.com.

Delegation

The process by which a token holder grants voting or validation power to another participant in the network.

DEX (Decentralized Exchange)

A platform that enables the buying and selling of tokens directly on the blockchain, without a centralized intermediary. All liquidity is verifiably owned by smart contracts.

Governance

The system by which decisions are made within the Tabichain ecosystem. Governance involves proposals, voting, and the implementation of changes, often using tabi tokens for participation.

$TABI is the native stablecoin of the Tabichain ecosystem

IBC

Inter-Blockchain Communication protocol that handles transport of data between Cosmos blockchains.

Liquidity

The availability of liquid assets to facilitate trading on the Tabichain network. Liquidity is often provided by users through liquidity pools.

Liquidity Pool

A collection of funds locked in a smart contract, used to provide liquidity for decentralized exchanges and other DeFi services. Liquidity pools on Tabichain can contain 2 tokens.

Liquidity Provider

A user who deposits tokens into a liquidity pool, earning a portion of the fees generated from swaps in the pool.

Mainnet

The primary network where real transactions occur on the Tabichain blockchain, as opposed to test networks used for development.

Staking

The process of locking up tokens to support the operations of a blockchain network. In Tabichain, staking is used to secure the network and participate in governance.

Swap

The process of exchanging one token for another on a decentralized exchange. Swaps involve a fee, which varies depending on the pool's settings.