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Glossary Term Definition First Sentence
ID
Testnet
/testnet
valis.team
May 1, 2025 08:35 AM GMT+0
Jun 23, 2026 07:12 AM GMT+0
Tockchain Testnet Guide for Node OperatorsTockchain Testnet Guide for TestersTockchain Transaction Types
1
Contact
/contact/new-products
valis.team
May 1, 2025 08:37 AM GMT+0
Jun 23, 2026 07:12 AM GMT+0
7
Contact
/contact/feedback
valis.team
May 1, 2025 08:37 AM GMT+0
Jun 23, 2026 07:13 AM GMT+0
6
Contact
/contact/collaboration
valis.team
May 1, 2025 08:37 AM GMT+0
Jun 30, 2026 11:25 AM GMT+0
5
Contact
/contact
valis.team
May 1, 2025 08:37 AM GMT+0
Jun 23, 2026 02:27 PM GMT+0
4
Testnet
/testnet/tockchain-transaction-types
valis.team
May 1, 2025 08:37 AM GMT+0
Jun 23, 2026 07:11 AM GMT+0
3
Testnet
/testnet/tockchain-testnet-guide-for-testers
valis.team
May 1, 2025 08:36 AM GMT+0
Jun 23, 2026 07:11 AM GMT+0
2
Contact
/contact/test
valis.team
Jun 30, 2026 11:08 AM GMT+0
Jun 30, 2026 11:31 AM GMT+0
603
Glossary
/glossary/vbond
valis.team
May 9, 2026 07:21 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
A Tockchain asset that represents a bonded stake on a Node Operator slot, acquired by locking VNET for a minimum of 7 days. VBOND amount weights the financial component of validator selection on Tockchain, and the top-4 VBOND holders may initiate node change transactions (adding, promoting, swapping, or removing candidates and voters).
‣
‣
‣
‣
‣
602
Glossary
/glossary/database-basic-view
valis.team
Nov 21, 2025 08:03 AM GMT+0
Jun 23, 2026 03:14 PM GMT+0
The canonical set of predefined database views that every database in should have. They exist to standardize how databases are inspected, audited, and managed, so that any database can be understood and operated in a consistent way.
For a complete list of database basic views, see .
For a complete list of database basic views, see .
276
Glossary
/glossary/idempotent
valis.team
Nov 4, 2025 05:57 PM GMT+0
Jun 23, 2026 03:02 PM GMT+0
An operation is idempotent if running it once or many times produces the same end state. Repeated executions make no additional changes when the system is already compliant.
275
Glossary
/glossary/pending-profile
valis.team
Sep 12, 2025 10:33 AM GMT+0
Jun 23, 2026 03:23 PM GMT+0
An actual or potential Investor under evaluation by Valis to determine alignment with its vision and strategy. Pending Profiles do not yet have direct access to the Valis team or the Valis treasury. After review, a Pending Profile may become an Approved Profile or a Declined Profile.
273
Transparency
/transparency/fundraising-approach
valis.team
Sep 12, 2025 09:43 AM GMT+0
Jun 23, 2026 07:13 AM GMT+0
272
Fundraisers
/fundraisers/valis-stablecoins-seed-e-fundraiser
valis.team
Sep 8, 2025 08:42 AM GMT+0
Jun 23, 2026 07:11 AM GMT+0
271
Glossary
/glossary/backpressure
valis.team
Aug 19, 2025 03:11 PM GMT+0
Jun 23, 2026 03:07 PM GMT+0
261
Glossary
/glossary/waves
valis.team
Aug 19, 2025 03:09 PM GMT+0
Jun 23, 2026 03:37 PM GMT+0
260
Glossary
/glossary/majority-agreement
valis.team
Aug 19, 2025 02:37 PM GMT+0
Jun 23, 2026 03:21 PM GMT+0
The event representing the agreement step inside the broader Tockchain Consensus process when a supermajority of Consensus Nodes agree on the validity and ordering of the Transactions within a proposed Tock, enabling that tock to be finalized.
259
Glossary
/glossary/acceptance-probability
valis.team
Aug 19, 2025 02:06 PM GMT+0
Jun 26, 2026 10:05 AM GMT+0
The acceptance likelihood that a submitted Transaction will be included in a finalized Tock under given network conditions. Also known as inclusion probability.
Acceptance probability is a forward-looking measure, unlike Acceptance Rate, which is measured from actual results.
Acceptance probability is a forward-looking measure, unlike Acceptance Rate, which is measured from actual results.
258
Glossary
/glossary/qmemc
valis.team
Aug 19, 2025 01:57 PM GMT+0
Jun 23, 2026 03:26 PM GMT+0
An in-memory caching and messaging system optimized for low-latency coordination between Validation Nodes in the Tockchain Network. It is used for Transaction batching, retries, and fast dissemination of validator state.
257
Glossary
/glossary/datasync
valis.team
Aug 19, 2025 01:47 PM GMT+0
Jun 23, 2026 03:14 PM GMT+0
A system-level mechanism in the Tockchain DLT for synchronizing large amounts of Transaction or state data between Validation Nodes after Tockchain Consensus is reached. Datasync ensures all validation nodes converge to the same state, even under network delays or packet loss.
256
Glossary
/glossary/quorum-failure
valis.team
Aug 19, 2025 01:44 PM GMT+0
Jun 23, 2026 03:26 PM GMT+0
The rare event when the @Consensus Network fails to reach @Tockchain Majority Agreement on the @Transactions within a proposed @Tock within its time window. Quorum failures result in @Empty Tocks and are considered temporary disruptions to @Tockchain Consensus.
255
Glossary
/glossary/latency
valis.team
Aug 19, 2025 01:44 PM GMT+0
Jun 23, 2026 03:19 PM GMT+0
The time between submitting an Transaction and its confirmation in a finalized Tock. Lower latency means faster user feedback and a smoother application experience.
254
Glossary
/glossary/acceptance-rate
valis.team
Aug 19, 2025 01:43 PM GMT+0
Jun 23, 2026 03:04 PM GMT+0
The percentage of submitted Transactions that are successfully included in a finalized Tock. A high acceptance rate indicates strong system reliability and fairness for users submitting transactions.
Acceptance rate is an observed outcome, unlike Acceptance Probability, which describes the acceptance likelihood before execution.
Acceptance rate is an observed outcome, unlike Acceptance Probability, which describes the acceptance likelihood before execution.
253
Glossary
/glossary/standard-transactions
valis.team
Aug 19, 2025 01:40 PM GMT+0
Jun 23, 2026 03:31 PM GMT+0
The default class of Transactions processed via peer-to-peer Waves in the Tockchain Network and a later cutoff in the Tockchain DLT, yielding lower Acceptance Probability and higher median Latency under saturation than Priority Transactions.
Standard transactions are designed for routine activity. When Backpressure is active, intake of Standard Transactions may pause until queues drain.
Standard transactions are designed for routine activity. When Backpressure is active, intake of Standard Transactions may pause until queues drain.
252
Glossary
/glossary/priority-transactions
valis.team
Aug 19, 2025 01:39 PM GMT+0
Jun 23, 2026 03:26 PM GMT+0
A class of Transactions given accelerated intake and earlier cutoff inside the Tockchain DLT, improving Acceptance Probability and median Latency under load compared to Standard Transactions.
Priority transactions are designed to ensure time-critical activity is confirmed quickly even during network congestion.
Priority transactions are designed to ensure time-critical activity is confirmed quickly even during network congestion.
251
Glossary
/glossary/burst-throughput
valis.team
Aug 19, 2025 01:38 PM GMT+0
Jun 23, 2026 03:08 PM GMT+0
The short-term maximum rate of Transactions Per Second the system can process during spikes in activity. Bursts are temporary and rely on buffer capacity before the system returns to Sustained Throughput levels.
250
Glossary
/glossary/sustained-throughput
valis.team
Aug 19, 2025 01:38 PM GMT+0
Jun 23, 2026 03:31 PM GMT+0
The long-term, stable rate of Transactions Per Second that the network can support under normal operating conditions. It is typically lower than short Burst Throughput capacity but reflects real-world performance.
249
Glossary
/glossary/throughput
valis.team
Aug 19, 2025 01:34 PM GMT+0
Jun 23, 2026 03:31 PM GMT+0
The number of Crypto Transactions a system can process in a given time, often measured in Transactions Per Second. High throughput indicates the network can handle a large amount of user activity without slowing down.
Throughput describes the capacity of the system, while Transactions Per Second is the actual observed rate at a point in time.
Throughput describes the capacity of the system, while Transactions Per Second is the actual observed rate at a point in time.
248
Glossary
/glossary/round-trip-time
valis.team
Aug 19, 2025 01:28 PM GMT+0
Jul 31, 2026 03:57 PM GMT+0
A measure of the time it takes for a message to travel from one node to another and back again in a network.
In the Valis context, Round-Trip Time (RTT) is used as a unit of coordination cost, since every consensus action requires information to be exchanged across Consensus Nodes.
In the Valis context, Round-Trip Time (RTT) is used as a unit of coordination cost, since every consensus action requires information to be exchanged across Consensus Nodes.
247
Glossary
/glossary/crypto-slippage
valis.team
Jul 24, 2025 11:21 AM GMT+0
Jun 23, 2026 03:14 PM GMT+0
The difference between the expected price of a Crypto Transaction and the actual executed price on a Blockchain, resulting from market volatility, low Crypto Liquidity Pool depth, or delayed order execution.
Positive slippage occurs when the executed price is better than expected, while negative slippage indicates a worse price, impacting traders and Crypto TVL across decentralized exchanges.
Positive slippage occurs when the executed price is better than expected, while negative slippage indicates a worse price, impacting traders and Crypto TVL across decentralized exchanges.
244
Glossary
/glossary/slippage
valis.team
Jul 24, 2025 11:17 AM GMT+0
Jun 23, 2026 03:29 PM GMT+0
The difference between the expected price of a trade and the actual executed price on the Tockchain DLT’s Orderbook or Liquidity Pool, resulting from market volatility, low liquidity, or delayed order execution. Positive slippage occurs when the executed price is better than expected, while negative slippage indicates a worse price, impacting traders and TVL calculations.
243
Glossary
/glossary/gnosis-safe
valis.team
Jul 18, 2025 02:29 PM GMT+0
Jun 23, 2026 03:19 PM GMT+0
A smart contract-based multi-signature wallet on Ethereum that enables secure storage and management of digital assets through customizable approval thresholds and modular extensions. It is open-source, non-custodial, and governed by SafeDAO.
239
Glossary
/glossary/multi-party-computation-mpc
valis.team
Jul 18, 2025 02:07 PM GMT+0
Jun 23, 2026 03:21 PM GMT+0
A subfield of cryptography that enables multiple parties to jointly compute a function over their private inputs while keeping those inputs confidential from each other. It uses cryptographic protocols to ensure the computation reveals only the output and nothing about individual inputs.
238
Glossary
/glossary/threshold-signature-scheme-tss
valis.team
Jul 18, 2025 02:03 PM GMT+0
Jul 31, 2026 03:57 PM GMT+0
A cryptographic protocol that enables distributed key generation and signing, where a group of parties collaboratively produce a digital signature without any single party holding the full private key. It requires a predefined threshold (e.g., t-of-n participants) to approve and generate the signature, enhancing security by eliminating single points of failure.
In Blockchain contexts, a Threshold Signature Scheme (TSS) is commonly used in Multi-Signature wallets and protocols to authorize transactions securely, such as in cross-chain bridges or custody solutions, while maintaining privacy of individual keys. This approach provides resilience against key compromise and supports applications like decentralized validators or secure asset transfers.
In Blockchain contexts, a Threshold Signature Scheme (TSS) is commonly used in Multi-Signature wallets and protocols to authorize transactions securely, such as in cross-chain bridges or custody solutions, while maintaining privacy of individual keys. This approach provides resilience against key compromise and supports applications like decentralized validators or secure asset transfers.
237
Glossary
/glossary/investor
valis.team
Jul 16, 2025 01:50 PM GMT+0
Jun 23, 2026 03:19 PM GMT+0
An entity that holds VSTABLE or VALIS Tokens.
Investors are classified based on three key criteria:
1. Entity composition: Individual Investor vs. Collective Investor.
2. Access to the Valis team: Approved Profile vs. Declined Profile.
3. Holdings size: Standard Investor vs. Key Investor.
Only Direct Investors can become Key Investors and reporting access is based on holdings size: Standard Investors receive Standard Reporting, while Key investors receive Advanced Reporting.
Investors are classified based on three key criteria:
1. Entity composition: Individual Investor vs. Collective Investor.
2. Access to the Valis team: Approved Profile vs. Declined Profile.
3. Holdings size: Standard Investor vs. Key Investor.
Only Direct Investors can become Key Investors and reporting access is based on holdings size: Standard Investors receive Standard Reporting, while Key investors receive Advanced Reporting.
234
Glossary
/glossary/impermanent-loss
valis.team
Jul 16, 2025 07:17 AM GMT+0
Jun 23, 2026 02:33 PM GMT+0
Valis’s implementation of Crypto Impermanent Loss in the Tockchain DLT, where Liquidity Provider may experience temporary value divergence in pooled Assets (e.g., VUSD and QUBIC) due to price changes during Token Swapping or Trading. Liquidity providers can mitigate this through strategies like balanced pools or by holding for VNET from Tock Rewards.
Slippage from trades causes liquidity pool rebalancing, contributing to impermanent loss over time, but they're distinct concepts: slippage is trade cost, while impermanent loss is a liquidity provider volatility loss.
Slippage from trades causes liquidity pool rebalancing, contributing to impermanent loss over time, but they're distinct concepts: slippage is trade cost, while impermanent loss is a liquidity provider volatility loss.
233
Glossary
/glossary/crypto-impermanent-loss
valis.team
Jul 16, 2025 07:14 AM GMT+0
Jun 23, 2026 02:33 PM GMT+0
In cryptocurrency, a temporary loss in value for Crypto Liquidity Providers when the prices of deposited Tokens in a Crypto Liquidity Pool diverge due to market volatility, compared to simply holding the tokens outside the pool. This risk is 'impermanent' because it realizes only upon withdrawal, and can be offset by earned fees or rewards in DeFi protocols.
232
Glossary
/glossary/crypto-liquidity-provider
valis.team
Jul 16, 2025 07:02 AM GMT+0
Jun 23, 2026 02:33 PM GMT+0
In cryptocurrency, a user or entity that deposits Tokens into a Crypto Liquidity Pool to enable decentralized Trading, Swapping, or lending. Crypto Liquidity Providers earn fees, rewards, or interest proportional to their contribution, while bearing risks like Crypto Impermanent Loss.
231
Glossary
/glossary/contra-revenue-item
valis.team
Jul 15, 2025 04:52 PM GMT+0
Jun 23, 2026 03:11 PM GMT+0
A deduction from gross revenue (e.g., returns, discounts, allowances) that reduces reported net revenue, typically recorded as a debit account offsetting the related revenue account.
230
Glossary
/glossary/valis
valis.team
Jul 15, 2025 10:46 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
The upcoming equity token issued by Valis, representing a share in Valis's equity and providing holders with governance rights, revenue share from Valis Stablecoins Net Profit, and participation in the Valis Ecosystem's decision-making. VALIS will have a variable supply starting at an initial 100 billion units, with no maximum limit, determined by the outcome of funding rounds.
229
Glossary
/glossary/tvl
valis.team
Jul 15, 2025 07:58 AM GMT+0
Jul 31, 2026 03:57 PM GMT+0
The total adjusted value of assets locked in the Tockchain Ecosystem, including Liquidity Pools, Orderbook addresses, wallets, and Hashlock Transactions, measured in VUSD-equivalent holdings to determine Richlist Ranks and VNET rewards.
This metric is calculated by summing the adjusted value of all holdings: VUSD at $1, VNET at pool price if 1% of supply sold, and other assets at pool price if 10% of supply sold, with bids and orders contributing to liquidity even if unfilled.
If an address has a bid of $1,000,000 on VBTC at $1,000 (ensuring a spot in the 1,000 ID Richlist) and the adjusted value includes matching VUSD liquidity, the TVL contribution counts as $1,000,000, qualifying for VNET rewards if in the top 1000.
This metric is calculated by summing the adjusted value of all holdings: VUSD at $1, VNET at pool price if 1% of supply sold, and other assets at pool price if 10% of supply sold, with bids and orders contributing to liquidity even if unfilled.
If an address has a bid of $1,000,000 on VBTC at $1,000 (ensuring a spot in the 1,000 ID Richlist) and the adjusted value includes matching VUSD liquidity, the TVL contribution counts as $1,000,000, qualifying for VNET rewards if in the top 1000.
228
Glossary
/glossary/crypto-tvl
valis.team
Jul 15, 2025 07:36 AM GMT+0
Jun 23, 2026 03:14 PM GMT+0
The total value of digital assets locked or deposited in Decentralized Finance protocols or platforms on a Blockchain, measured in a fiat currency like USD, to gauge the overall size, liquidity, and activity of the ecosystem.
This metric is calculated by summing the market value (in USD) of all assets deposited or locked across the protocol's Crypto Smart Contracts at a given time.
Example: If a DeFi protocol has 10,000 ETH (valued at $2,000 each) and 5 million USDC (valued at $1 each) locked, the Crypto TVL is (10,000 × 2,000) + (5,000,000 × 1) = $25,000,000.
This metric is calculated by summing the market value (in USD) of all assets deposited or locked across the protocol's Crypto Smart Contracts at a given time.
Example: If a DeFi protocol has 10,000 ETH (valued at $2,000 each) and 5 million USDC (valued at $1 each) locked, the Crypto TVL is (10,000 × 2,000) + (5,000,000 × 1) = $25,000,000.
227
Glossary
/glossary
valis.team
Jul 7, 2025 09:46 AM GMT+0
Jun 23, 2026 11:25 AM GMT+0
Crypto Liquidity ProviderImpermanent LossCrypto Impermanent LossCrypto AddressRichlist SegmentRichlist TierRichlist RankNetwork Reward Cycle AmountHalvingVNET Liquidity PoolVUSD PayoutNetwork RewardsValis Stablecoins Net ProfitValis Stablecoins Net RevenueValis Stablecoins Gross RevenueRichlist LotteryRichlistTock Reward SystemNetwork Reward CycleTock Reward AmountTockchain StakeholderCrypto HalvingDowntimeTock QualityReal-time TPSTPSTransactions per BlockSmallest Transaction SizeBlock SizeIdempotentPeak TPS in TestnetPeak TPS in MainnetBlock TimePeak TPSTransactions Per SecondNode Cost per MonthCost per Transaction (Based on Maximum Theoretical TPS)Node CountNetwork Cost per SecondNetwork Cost per MonthYearly Downtime (in Days)Yearly Downtime (in Hours)Reliability (in Number of Nines)Failure RateReliability (in Percentage)Maximum Theoretical TPSChain Performance Score (CPS)Core Node OperatorQualification Node OperatorNode OperatorMainnet NodeMainnetCrypto MainnetDevNetTestnetCrypto TestnetDevelopment TestnetQualification TestnetCore TestnetTestnet TokenTestnet NodeTestnet PhaseTockchain Arbitrage BotReserved Asset NameEmpty TockBlockchainBlind AuctionSeed Round DFixed-Price MechanismSeed Round CSeed Round BSeed Round AValis Stablecoins Seed FundraiserHashed AddressMulti-SignatureValis Stablecoins Revenue Share AgreementStablecoin Revenue SharingFiat-Backed StablecoinValis StablecoinVSTABLE ReportingToken SalesToken ConversionToken RepurchaseStandard InvestorKey InvestorToken VersionStandard ReportingApproved ProfileDeclined ProfileCollective InvestorSpeculationIndividual InvestorValis Stablecoins Net ProfitVSTABLEBridge TransactionDeFiCrypto Hash Timelock ContractSwappingCrypto Atomic SwapCrypto Smart ContractDecentralized FinanceStablecoinCrypto StablecoinCrypto TransactionCrypto OrderbookCrypto AssetCrypto TokenCrypto Liquidity PoolTokenQUBICTradingPoolswapBidCrypto Coinbase RewardOver-the-Counter OrderCrypto SwappingTakerMakerTransactionSystem TransactionStandard TransactionExternal Asset Creation TransactionUpdate Cancellation TransactionExternal Chain Creation TransactionNode Replacement TransactionNode Removal TransactionNode Addition TransactionHashlock TransactionColdspend TransactionMulti-Signature Spend TransactionMulti-Signature Address Creation TransactionPoolwithdraw TransactionPooldeposit TransactionLiquidity PoolPoolswap TransactionOpen Orders TransactionTaker Order TransactionMaker Order Claim Reward TransactionMaker Order Cancellation TransactionMaker Order TransactionOrder Address TransactionOrderbookCrosschain TransactionBurn TransactionSend TransactionVPOINTTockchain LedgerTickBlockTockchainValisVNETValidation Node OperatorConsensus Node OperatorTock RewardLiquidity ProviderParallel Transaction ProcessingTockchain EcosystemValis EcosystemTockchain ProjectTockchain NetworkTockchain ConsensusDual-Network L1Validation NetworkConsensus NetworkValidation NodeRollupTockidVUSDSpecial Transaction TypeQuantum Resistant Cold StorageTockdataTock Reward TransactionState HashFailed TransactionsQuorum SignaturesConsensus PhasesSnapshotsTXIDTockchain MiddlewareTockTocks ArrayConsensus NodeTockchain DLTAsset IDAsset Creation TransactionAsset Minting TransactionAssetArbitrageAskAtomic SwapAdvanced ReportingAverage TPSInvestorAddressCrypto TVLTVLVALISContra Revenue ItemThreshold Signature Scheme (TSS)Multi-Party Computation (MPC)Gnosis SafeSlippageCrypto SlippageRound-Trip TimeThroughputSustained ThroughputBurst ThroughputPriority TransactionsStandard TransactionsAcceptance RateLatencyQuorum FailureDatasyncqmemcAcceptance ProbabilityMajority AgreementWavesBackpressurePending ProfileDatabase Basic ViewVBOND
226
Glossary
/glossary/crypto-address
valis.team
Jul 3, 2025 02:35 PM GMT+0
Jun 23, 2026 02:33 PM GMT+0
A unique alphanumeric identifier on a Blockchain, used to send, receive, or hold cryptocurrency. It functions like a digital wallet address, enabling secure transactions while maintaining user anonymity.
225
Glossary
/glossary/richlist-segment
valis.team
Jul 3, 2025 02:23 PM GMT+0
Jun 23, 2026 02:33 PM GMT+0
A non-overlapping group of consecutive Richlist Ranks in the Richlist (e.g., ranks 1-10, 11-25), used for analyzing Network Rewards distribution and selection metrics.
224
Glossary
/glossary/richlist-tier
valis.team
Jul 3, 2025 02:20 PM GMT+0
Jun 23, 2026 02:33 PM GMT+0
One of eight cumulative categories within the Richlist, grouping addresses by VUSD-equivalent holdings. Because tiers overlap, an address can qualify for multiple tiers based on its rank. Tiers determine eligibility and selection probability in the Richlist Lottery for VNET rewards. Higher tiers grant more entries and better odds. Richlist Tiers and Richlist Rank update hourly.
223
Glossary
/glossary/richlist-rank
valis.team
Jul 3, 2025 02:19 PM GMT+0
Jun 23, 2026 02:33 PM GMT+0
An Address’s position in the Richlist based on VUSD-equivalent holdings. Higher ranks qualify for more Richlist Tiers and greater chances of receiving VNET rewards.
222
Glossary
/glossary/address
valis.team
Jul 3, 2025 01:49 PM GMT+0
Jun 23, 2026 03:04 PM GMT+0
A unique alphanumeric identifier on the Tockchain Network, used to send, receive, or hold cryptocurrency. The address holder's position in the Richlist Rank, based on VUSD-equivalent holdings, determines their eligibility and chances of receiving Network Rewards.
221
Glossary
/glossary/network-reward-cycle-amount
valis.team
Jul 3, 2025 01:43 PM GMT+0
Jun 23, 2026 02:33 PM GMT+0
The total quantity of VNET tokens minted and distributed over a Network Reward Cycle, starting at 10 VNET (pre-Halving), calculated as 1 VNET per Tock × 10 Tocks.
220
Glossary
/glossary/halving
valis.team
Jul 3, 2025 01:38 PM GMT+0
Jun 23, 2026 02:33 PM GMT+0
The event that occurs every four years after the launch of Tockchain Mainnet, in which the Tock Reward Amount is halved, reducing the amount of VNET minted and distributed per Tock. This mechanism controls inflation and ensures long-term scarcity. The initial reward of 1 VNET per Tock will decrease over time, for example to 0.5 VNET after the first halving.
219
Glossary
/glossary/vnet-liquidity-pool
valis.team
Jul 3, 2025 01:26 PM GMT+0
Jun 23, 2026 02:33 PM GMT+0
A decentralized reserve managed by the Tockchain Network, where VUSD from Valis Stablecoins Gross Revenue is credited monthly, proportional to VNET holdings, as part of the VUSD Payout process.
218
Glossary
/glossary/vusd-payout
valis.team
Jul 3, 2025 01:25 PM GMT+0
Jun 23, 2026 03:02 PM GMT+0
The monthly distribution of VUSD (Valis Stablecoin) to the VNET Liquidity Pool, proportional to the amount of VNET held by each Address.
217
Glossary
/glossary/network-rewards
valis.team
Jul 3, 2025 01:23 PM GMT+0
Jun 23, 2026 02:57 PM GMT+0
The VNET tokens minted and distributed every Tock as incentives for network contributions, such as liquidity provision, node operation, and ecosystem oversight. These rewards are treated as a contra-revenue item, deducted from Valis Stablecoins Gross Revenue to calculate Valis Stablecoins Net Revenue, with their allocation determined by Valis as a variable percentage.
216
Glossary
/glossary/valis-stablecoins-net-profit
valis.team
Jul 3, 2025 01:18 PM GMT+0
Jun 23, 2026 03:02 PM GMT+0
Valis Stablecoins Net Revenue minus all operating expenses, taxes, and other costs, representing the final profit available for distribution to VSTABLE holders.
215
Glossary
/glossary/valis-stablecoins-net-revenue
valis.team
Jul 3, 2025 01:18 PM GMT+0
Jun 23, 2026 03:02 PM GMT+0
Gross revenue minus network rewards, which are a variable percentage of Valis Stablecoins Gross Revenue determined by Valis and available for distribution to VNET holders.
214
Glossary
/glossary/valis-stablecoins-gross-revenue
valis.team
Jul 3, 2025 01:17 PM GMT+0
Jun 23, 2026 03:02 PM GMT+0
The total revenue generated by Valis Stablecoins before any deductions, including Network Rewards or operating expenses.
213
Glossary
/glossary/richlist-lottery
valis.team
Jun 25, 2025 10:24 AM GMT+0
Jun 23, 2026 02:57 PM GMT+0
A sub-component of the Tock Reward System that randomly distributes Tock Rewards to Richlist participants, with higher-ranked addresses having better odds.
210
Glossary
/glossary/richlist
valis.team
Jun 25, 2025 10:23 AM GMT+0
Jun 23, 2026 02:57 PM GMT+0
An hourly-updated ranking of addresses by VUSD-equivalent holdings, determining eligibility for the Richlist Lottery.
209
Glossary
/glossary/tock-reward-system
valis.team
Jun 25, 2025 10:23 AM GMT+0
Jun 23, 2026 02:57 PM GMT+0
The mechanism that mints and distributes 1 VNET every Tock to a specific Tockchain Stakeholder group, with each Tock in a Network Reward Cycle corresponding to a different recipient.
208
Glossary
/glossary/network-reward-cycle
valis.team
Jun 25, 2025 10:22 AM GMT+0
Jun 23, 2026 02:57 PM GMT+0
A ten-second period during which 10 VNET are minted and distributed, one per Tock, to different Tockchain Stakeholder groups.
207
Glossary
/glossary/tock-reward-amount
valis.team
Jun 25, 2025 10:22 AM GMT+0
Jun 23, 2026 02:57 PM GMT+0
The quantity of VNET tokens minted and distributed per Tock, starting at 1 VNET (pre-Halving) and halving every four years.
206
Glossary
/glossary/tockchain-stakeholder
valis.team
Jun 25, 2025 10:21 AM GMT+0
Jun 23, 2026 03:02 PM GMT+0
In the Tockchain Ecosystem, the group formed by the following three entities:
- Liquidity Provider: Supply capital to pools and orders, enhancing network liquidity.
- Consensus Node Operators: Generate blocks, strengthening network security.
- Valis: Oversees ecosystem development and maintenance.
- Liquidity Provider: Supply capital to pools and orders, enhancing network liquidity.
- Consensus Node Operators: Generate blocks, strengthening network security.
- Valis: Oversees ecosystem development and maintenance.
205
Glossary
/glossary/crypto-halving
valis.team
Jun 25, 2025 10:18 AM GMT+0
Jun 23, 2026 02:57 PM GMT+0
A periodic event in certain Blockchain networks where the reward for mining or validating transactions (e.g., block rewards) is reduced by half, typically to control token supply and inflation. Examples include Bitcoin, which halves rewards approximately every four years based on block height.
204
Glossary
/glossary/downtime
valis.team
Jun 13, 2025 03:21 PM GMT+0
Jun 23, 2026 02:57 PM GMT+0
The period during which a Blockchain network is unable to fully perform its intended functions, including processing validated Transactions or maintaining Tockchain Consensus. Downtime may include full network unavailability due to outages or partial disruptions, such as temporary consensus failures, where the network remains operational but cannot validate transactions.
Downtime is determined by identifying the total time over a defined period during which the network fails to process validated transactions, either fully (outages) or partially (consensus failures), and is typically expressed in seconds, hours, or days depending on the context.
Example: If the Tockchain Network experiences a 10-minute outage and 50 Empty Tocks due to consensus issues over a day (86,400 seconds), the downtime is 600 seconds (outage) plus 50 seconds (one second per empty tock), resulting in 650 seconds of total downtime.
Downtime is determined by identifying the total time over a defined period during which the network fails to process validated transactions, either fully (outages) or partially (consensus failures), and is typically expressed in seconds, hours, or days depending on the context.
Example: If the Tockchain Network experiences a 10-minute outage and 50 Empty Tocks due to consensus issues over a day (86,400 seconds), the downtime is 600 seconds (outage) plus 50 seconds (one second per empty tock), resulting in 650 seconds of total downtime.
203
Glossary
/glossary/tock-quality
valis.team
Jun 13, 2025 02:27 PM GMT+0
Jun 23, 2026 02:57 PM GMT+0
A metric representing the reliability and effectiveness of the Tockchain Consensus mechanism, expressed as a percentage, which measures the proportion of Tocks that successfully contribute to the consensus process and include validated Transactions relative to the total number of tocks produced over a defined period.
This metric is calculated by dividing the number of non-Empty Tocks by the total number of tocks over a defined period, then multiplying by 100 to express as a percentage.
Example: In a one-hour period (3,600 seconds, or 3,600 tocks), the Tockchain Network experiences 36 empty tocks due to node failures. The number of non-empty tocks is 3,564. The Tock Quality is calculated as 3,564 divided by 3,600, multiplied by 100, resulting in 99%. This indicates that 99% of tocks successfully contributed to consensus, with a 1% Failure Rate attributable to empty tocks.
This metric is calculated by dividing the number of non-Empty Tocks by the total number of tocks over a defined period, then multiplying by 100 to express as a percentage.
Example: In a one-hour period (3,600 seconds, or 3,600 tocks), the Tockchain Network experiences 36 empty tocks due to node failures. The number of non-empty tocks is 3,564. The Tock Quality is calculated as 3,564 divided by 3,600, multiplied by 100, resulting in 99%. This indicates that 99% of tocks successfully contributed to consensus, with a 1% Failure Rate attributable to empty tocks.
202
Glossary
/glossary/real-time-tps
valis.team
Jun 12, 2025 05:15 PM GMT+0
Jun 23, 2026 02:57 PM GMT+0
The instantaneous number of Transactions Per Second currently being processed by a Blockchain network.
This metric is calculated as the number of transactions processed within the most recent one-second interval, updated continuously.
This metric is calculated as the number of transactions processed within the most recent one-second interval, updated continuously.
201
Glossary
/glossary/tps
valis.team
Jun 12, 2025 04:50 PM GMT+0
Jul 31, 2026 03:57 PM GMT+0
An acronym for Transactions Per Second.
200
Glossary
/glossary/transactions-per-block
valis.team
Jun 12, 2025 04:47 PM GMT+0
Jun 23, 2026 03:02 PM GMT+0
The average number of Transactions that can be included in a single Block on a Blockchain network, reflecting the block’s capacity to handle transaction volume under typical conditions.
This metric is calculated as the Block Size divided by the Smallest Transaction Size, rounded down to the nearest whole number to account for the maximum integer number of transactions that fit within a block’s data limit, based on the blockchain’s protocol specifications.
Example: If a Block has a Block Size of 1,000,000 bytes and the smallest transaction size is 250 bytes, the Transactions per Block is calculated as 1,000,000 divided by 250, which equals 4,000. This indicates that up to 4,000 transactions can be included in the block.
This metric is calculated as the Block Size divided by the Smallest Transaction Size, rounded down to the nearest whole number to account for the maximum integer number of transactions that fit within a block’s data limit, based on the blockchain’s protocol specifications.
Example: If a Block has a Block Size of 1,000,000 bytes and the smallest transaction size is 250 bytes, the Transactions per Block is calculated as 1,000,000 divided by 250, which equals 4,000. This indicates that up to 4,000 transactions can be included in the block.
199
Glossary
/glossary/smallest-transaction-size
valis.team
Jun 12, 2025 03:42 PM GMT+0
Jun 23, 2026 03:02 PM GMT+0
The minimum data size of a transaction on a Blockchain, typically measured in bytes, used to estimate maximum transaction capacity.
This metric is calculated as the smallest possible transaction data unit defined by the blockchain protocol, based on its data structure (e.g., inputs, outputs).
Example: For a blockchain where the minimum transaction data is 256 bytes (e.g., including inputs and outputs), the Smallest Transaction Size = 256 bytes.
This metric is calculated as the smallest possible transaction data unit defined by the blockchain protocol, based on its data structure (e.g., inputs, outputs).
Example: For a blockchain where the minimum transaction data is 256 bytes (e.g., including inputs and outputs), the Smallest Transaction Size = 256 bytes.
198
Glossary
/glossary/block-size
valis.team
Jun 12, 2025 03:39 PM GMT+0
Jun 23, 2026 03:02 PM GMT+0
The maximum data capacity of a block in a Blockchain, typically measured in bytes, which determines the potential number of Transactions per Block.
This metric is calculated as the predefined limit set by the blockchain protocol, often adjusted based on network consensus rules (e.g., 1MB for Bitcoin, variable for others).
Example: For a blockchain with a predefined limit of 1 MB (1,048,576 bytes), the Block Size = 1,048,576 bytes.
This metric is calculated as the predefined limit set by the blockchain protocol, often adjusted based on network consensus rules (e.g., 1MB for Bitcoin, variable for others).
Example: For a blockchain with a predefined limit of 1 MB (1,048,576 bytes), the Block Size = 1,048,576 bytes.
197
Glossary
/glossary/peak-tps-in-testnet
valis.team
Jun 12, 2025 03:29 PM GMT+0
Jun 23, 2026 03:02 PM GMT+0
The highest number of Transactions Per Second recorded on a Blockchain’s Crypto Testnet under simulated or real-world conditions.
This metric is calculated as the Peak TPS value observed during a stress test or high-traffic simulation on the testnet.
This metric is calculated as the Peak TPS value observed during a stress test or high-traffic simulation on the testnet.
196
Glossary
/glossary/peak-tps-in-mainnet
valis.team
Jun 12, 2025 03:28 PM GMT+0
Jun 23, 2026 03:23 PM GMT+0
The highest number of Transactions Per Second recorded on the Crypto Mainnet under real-world conditions during a peak period.
This metric is calculated as the Peak TPS value observed during a high-traffic event on the mainnet.
This metric is calculated as the Peak TPS value observed during a high-traffic event on the mainnet.
195
Glossary
/glossary/block-time
valis.team
Jun 12, 2025 03:26 PM GMT+0
Jun 23, 2026 03:07 PM GMT+0
The average time interval required to generate a new Block on a Blockchain network influencing Transaction confirmation speed and network throughput.
This metric is calculated as the total time taken to mine or validate a set number of blocks divided by the number of blocks, typically averaged over a recent period (e.g., 10 minutes for Bitcoin).
Example: For a network where 10 blocks are mined in 1,000 seconds, the Block Time = 1,000 / 10 = 100 seconds per block.
This metric is calculated as the total time taken to mine or validate a set number of blocks divided by the number of blocks, typically averaged over a recent period (e.g., 10 minutes for Bitcoin).
Example: For a network where 10 blocks are mined in 1,000 seconds, the Block Time = 1,000 / 10 = 100 seconds per block.
194
Glossary
/glossary/peak-tps
valis.team
Jun 12, 2025 03:23 PM GMT+0
Jun 23, 2026 03:23 PM GMT+0
The highest number of Transactions Per Second observed on a Blockchain under real-world Crypto Mainnet conditions over a short-term peak period.
This metric is calculated as the maximum value of Transactions Per Second recorded during a specific high-traffic event or period on the mainnet.
Example: During a high-traffic event, a network records a maximum of 35,000 transactions in 1 second, so Peak TPS = 35,000 transactions per second.
This metric is calculated as the maximum value of Transactions Per Second recorded during a specific high-traffic event or period on the mainnet.
Example: During a high-traffic event, a network records a maximum of 35,000 transactions in 1 second, so Peak TPS = 35,000 transactions per second.
193
Glossary
/glossary/transactions-per-second
valis.team
Jun 12, 2025 03:08 PM GMT+0
Jul 31, 2026 03:57 PM GMT+0
The number of Transactions processed per second by a Blockchain under typical operational conditions.
This metric is calculated as the total number of transactions processed over a given time interval divided by the duration of that interval in seconds.
Example: For a network processing 1,800 transactions in 60 seconds, Transactions Per Second = 1,800 / 60 = 30 transactions per second.
This metric is calculated as the total number of transactions processed over a given time interval divided by the duration of that interval in seconds.
Example: For a network processing 1,800 transactions in 60 seconds, Transactions Per Second = 1,800 / 60 = 30 transactions per second.
192
Glossary
/glossary/node-cost-per-month
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:21 PM GMT+0
The cost of operating a single node in a Blockchain network per month, measured in USD, including hardware, energy, and maintenance expenses.
This metric is calculated as the total cost of resources (e.g., server costs, electricity) required to run one node over a 30.44-day average month.
Example: If running one node costs $500 in hardware and energy over a 30.44-day month, the Node Cost per Month = $500.
This metric is calculated as the total cost of resources (e.g., server costs, electricity) required to run one node over a 30.44-day average month.
Example: If running one node costs $500 in hardware and energy over a 30.44-day month, the Node Cost per Month = $500.
191
Glossary
/glossary/cost-per-transaction-based-on-maximum-theoretical-tps
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:11 PM GMT+0
The estimated cost per Transaction on a Blockchain, based on the network’s operational expenses and its maximum transaction processing capacity.
This metric is calculated as the Network Cost per Second divided by the Maximum Theoretical TPS, where Network Cost per Second is derived from the Network Cost per Month divided by the number of seconds in an average month (2,629,800 seconds).
Example: With a Network Cost per Second = $10 (from $26,298/month ÷ 2,629,800 seconds) and Peak TPS = 30,000, Cost per Transaction = $10 / 30,000 ≈ $0.000333 per transaction.
This metric is calculated as the Network Cost per Second divided by the Maximum Theoretical TPS, where Network Cost per Second is derived from the Network Cost per Month divided by the number of seconds in an average month (2,629,800 seconds).
Example: With a Network Cost per Second = $10 (from $26,298/month ÷ 2,629,800 seconds) and Peak TPS = 30,000, Cost per Transaction = $10 / 30,000 ≈ $0.000333 per transaction.
189
Glossary
/glossary/node-count
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:23 PM GMT+0
The total number of active nodes participating in a Blockchain network, indicating its decentralization and operational scale.
This metric is calculated as the count of nodes actively validating Transactions or maintaining the network ledger at a given time.
Example: If 100 nodes are actively validating transactions, the Node Count = 100.
This metric is calculated as the count of nodes actively validating Transactions or maintaining the network ledger at a given time.
Example: If 100 nodes are actively validating transactions, the Node Count = 100.
190
Glossary
/glossary/network-cost-per-second
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:21 PM GMT+0
The real-time operational cost of a Blockchain network per second, measured in USD, used to assess economic efficiency.
This metric is calculated as the Network Cost per Month divided by the number of seconds in an average month (2,629,800 seconds, based on 30.44 days).
Example: With a Network Cost per Month = $26,298, Network Cost per Second = $26,298 / 2,629,800 ≈ $0.01 per second.
This metric is calculated as the Network Cost per Month divided by the number of seconds in an average month (2,629,800 seconds, based on 30.44 days).
Example: With a Network Cost per Month = $26,298, Network Cost per Second = $26,298 / 2,629,800 ≈ $0.01 per second.
187
Glossary
/glossary/network-cost-per-month
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:21 PM GMT+0
The total operational cost of a Blockchain network per month, measured in USD, covering infrastructure, energy, and maintenance expenses.
This metric is calculated as the sum of all operational costs (e.g., node hosting, energy, bandwidth) incurred by the network over a 30.44-day average month.
Example: If the total operational cost for a network is $26,298 over a 30.44-day month, the Network Cost per Month = $26,298.
This metric is calculated as the sum of all operational costs (e.g., node hosting, energy, bandwidth) incurred by the network over a 30.44-day average month.
Example: If the total operational cost for a network is $26,298 over a 30.44-day month, the Network Cost per Month = $26,298.
188
Glossary
/glossary/yearly-downtime-in-days
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:37 PM GMT+0
The total amount of time a Blockchain network is unavailable over a year, measured in days, indicating reliability issues and network performance gaps.
This metric is calculated as the product of 365 (the number of days in a year) and the Failure Rate (100% - Reliability %) divided by 100.
Example: For a Reliability of 95.25%, Yearly Downtime (in Days) = 365 × (100% - 95.25%) / 100 = 365 × 4.75 / 100 ≈ 17.34 days.
This metric is calculated as the product of 365 (the number of days in a year) and the Failure Rate (100% - Reliability %) divided by 100.
Example: For a Reliability of 95.25%, Yearly Downtime (in Days) = 365 × (100% - 95.25%) / 100 = 365 × 4.75 / 100 ≈ 17.34 days.
185
Glossary
/glossary/yearly-downtime-in-hours
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:37 PM GMT+0
The total amount of time a Blockchain network is unavailable over a year, measured in hours, providing a finer granularity for reliability analysis.
This metric is calculated as the product of 8,760 (the number of hours in a year) and the Failure Rate (100% - Reliability %) divided by 100.
Example: For a Reliability of 95.25%, Yearly Downtime (in Hours) = 8,760 × (100% - 95.25%) / 100 = 8,760 × 4.75 / 100 ≈ 416.1 hours.
This metric is calculated as the product of 8,760 (the number of hours in a year) and the Failure Rate (100% - Reliability %) divided by 100.
Example: For a Reliability of 95.25%, Yearly Downtime (in Hours) = 8,760 × (100% - 95.25%) / 100 = 8,760 × 4.75 / 100 ≈ 416.1 hours.
186
Glossary
/glossary/reliability-in-number-of-nines
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:26 PM GMT+0
A metric representing the reliability of a Blockchain network, expressed as the number of consecutive nines in its uptime percentage (e.g., 99.999% equals 5 nines).
This metric is calculated by determining the number of consecutive nines in the Reliability (in Percentage) value.
Example: For a Reliability of 99.9%, the Reliability (in Number of Nines) = 3 nines. For a Reliability of 99.99%, Reliability (in Number of Nines) = 4 nines.
This metric is calculated by determining the number of consecutive nines in the Reliability (in Percentage) value.
Example: For a Reliability of 99.9%, the Reliability (in Number of Nines) = 3 nines. For a Reliability of 99.99%, Reliability (in Number of Nines) = 4 nines.
183
Glossary
/glossary/failure-rate
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:17 PM GMT+0
The percentage of time a Blockchain network is unavailable due to Downtime or operational failures, inversely related to reliability.
This metric is calculated as 100% minus the Reliability (in Percentage) of the network over a given period.
Example: For a Reliability of 95.25%, Failure Rate = 100% - 95.25% = 4.75%.
This metric is calculated as 100% minus the Reliability (in Percentage) of the network over a given period.
Example: For a Reliability of 95.25%, Failure Rate = 100% - 95.25% = 4.75%.
184
Glossary
/glossary/reliability-in-percentage
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:26 PM GMT+0
The percentage of time a Blockchain network remains operational without Downtime, reflecting its reliability.
This metric is calculated as the total uptime duration divided by the total observation period (e.g., a year), multiplied by 100.
Example: If a network is operational for 315,360 seconds out of 315,360,000 seconds in a year, Reliability (in Percentage) = (315,360 / 315,360,000) × 100 = 99.9%.
This metric is calculated as the total uptime duration divided by the total observation period (e.g., a year), multiplied by 100.
Example: If a network is operational for 315,360 seconds out of 315,360,000 seconds in a year, Reliability (in Percentage) = (315,360 / 315,360,000) × 100 = 99.9%.
182
Glossary
/glossary/maximum-theoretical-tps
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:21 PM GMT+0
The theoretical maximum number of Transactions Per Second a Blockchain can handle, based on its Block Size, Smallest Transaction Size, and Block Time under optimal conditions.
This metric is calculated as the block size divided by the smallest transaction size, divided by the block time (in seconds), assuming ideal network conditions and no congestion.
Example: With a Block Size = 1 MB (1,048,576 bytes), Smallest Transaction Size = 256 bytes, and Block Time = 1 second, Maximum Theoretical TPS = 1,048,576 / 256 / 1 ≈ 4,096 transactions per second.
This metric is calculated as the block size divided by the smallest transaction size, divided by the block time (in seconds), assuming ideal network conditions and no congestion.
Example: With a Block Size = 1 MB (1,048,576 bytes), Smallest Transaction Size = 256 bytes, and Block Time = 1 second, Maximum Theoretical TPS = 1,048,576 / 256 / 1 ≈ 4,096 transactions per second.
181
Glossary
/glossary/average-tps
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jun 23, 2026 03:07 PM GMT+0
The average number of real Transactions Per Second by a Blockchain over a specified period, based on real-world Crypto Mainnet data, excluding Crypto Testnet and stress test results.
This metric is calculated as the total number of transactions recorded over the specified period divided by the total seconds in that period, averaged across operational data from the mainnet.
Example: For a blockchain processing 2,592,000 transactions over a 24-hour period (86,400 seconds), the Average TPS = 2,592,000 / 86,400 ≈ 30 transactions per second.
This metric is calculated as the total number of transactions recorded over the specified period divided by the total seconds in that period, averaged across operational data from the mainnet.
Example: For a blockchain processing 2,592,000 transactions over a 24-hour period (86,400 seconds), the Average TPS = 2,592,000 / 86,400 ≈ 30 transactions per second.
180
Glossary
/glossary/chain-performance-score-cps
valis.team
Jun 12, 2025 03:04 PM GMT+0
Jul 31, 2026 03:57 PM GMT+0
A Valis-developed metric that represents the overall performance of a Blockchain network, combining Transaction throughput (measured in Transactions Per Second, TPS) and network reliability (measured in number of nines) into a single score.
This metric is calculated as the square root of the product of TPS and 10 raised to the power of the number of nines in reliability (e.g., √(TPS × 10^Reliability), where 99.99% reliability = 4 nines).
Example: For a network with TPS = 30,000 and Reliability = 5 nines (99.999%), CPS = √(30,000 × 10^5) ≈ √3,000,000,000 ≈ 54,772.
This metric is calculated as the square root of the product of TPS and 10 raised to the power of the number of nines in reliability (e.g., √(TPS × 10^Reliability), where 99.99% reliability = 4 nines).
Example: For a network with TPS = 30,000 and Reliability = 5 nines (99.999%), CPS = √(30,000 × 10^5) ≈ √3,000,000,000 ≈ 54,772.
179
Glossary
/glossary/core-node-operator
valis.team
Jun 12, 2025 01:43 PM GMT+0
Jun 23, 2026 03:11 PM GMT+0
A Node Operator managing a Consensus Node or Validation Node in a Core Testnet, ensuring network stability and validating core Tockchain DLT features like Tockchain Consensus, or in the Mainnet, supporting production-ready operations.
178
Glossary
/glossary/qualification-node-operator
valis.team
Jun 12, 2025 01:43 PM GMT+0
Jun 23, 2026 03:26 PM GMT+0
A Node Operator undergoing training and certification in a Qualification Testnet, developing proficiency in managing Consensus Nodes or Validation Nodes to maintain Tockchain Consensus, preparing for Core Node Operator responsibilities.
177
Glossary
/glossary/node-operator
valis.team
Jun 12, 2025 01:38 PM GMT+0
Jun 23, 2026 03:23 PM GMT+0
An entity that manages and operates Consensus Nodes and/or Validation Nodes on the Tockchain DLT. Node operators can function as a Consensus Node Operator, a Validation Node Operator, or serve both roles.
176
Glossary
/glossary/mainnet-node
valis.team
Jun 12, 2025 01:26 PM GMT+0
Jun 23, 2026 03:19 PM GMT+0
A Consensus Node or Validation Node configured for the Mainnet, meeting requirements to process live Transactions and maintain Tockchain Consensus.
175
Glossary
/glossary/mainnet
valis.team
Jun 12, 2025 01:16 PM GMT+0
Jun 23, 2026 03:19 PM GMT+0
A Crypto Mainnet for the Tockchain DLT, enabling Consensus Nodes and Validation Nodes to process live Transactions and Assets like VUSD, maintaining Tockchain Consensus with high reliability, to support real-world operations in the Tockchain Ecosystem.
174
Glossary
/glossary/crypto-mainnet
valis.team
Jun 12, 2025 01:13 PM GMT+0
Jun 23, 2026 03:14 PM GMT+0
In cryptocurrency, a Blockchain environment operating with real-value Asset and live Transactions, executing production operations, such as financial transfers or Crypto Smart Contract execution, with actual economic impact.
173
Glossary
/glossary/devnet
valis.team
Jun 12, 2025 11:08 AM GMT+0
Jul 31, 2026 03:56 PM GMT+0
An abbreviation for Development Testnet.
172
Glossary
/glossary/testnet
valis.team
Jun 12, 2025 11:06 AM GMT+0
Jun 23, 2026 03:31 PM GMT+0
A Crypto Testnet for the Tockchain DLT, enabling Testnet Nodes to perform Consensus Network and Validation Network operations, preparing for Mainnet deployment. There are three types of Tockchain Testnets: Core Testnets, Qualification Testnets, and Development Testnets.
171
Glossary
/glossary/crypto-testnet
valis.team
Jun 12, 2025 11:04 AM GMT+0
Jun 23, 2026 03:14 PM GMT+0
In cryptocurrency, a Blockchain environment replicating Crypto Mainnet functionality, using valueless Testnet Tokens to test Transactions and Tockchain Consensus, enabling feature validation without financial risk.
170
Glossary
/glossary/development-testnet
valis.team
Jun 12, 2025 11:02 AM GMT+0
Jun 23, 2026 03:16 PM GMT+0
A private Testnet, also known as DevNet, operated solely by Valis to test new binaries and experimental features, such as new Special Transaction Types internally before public release to a Core Testnet or Mainnet.
169
Glossary
/glossary/qualification-testnet
valis.team
Jun 12, 2025 11:02 AM GMT+0
Jul 31, 2026 03:57 PM GMT+0
A public Testnet designed to train and certify Qualification Node Operators, ensuring proficiency in maintaining Tockchain Consensus and Tockchain Network operations, before advancing to the Core Node Operator status.
168
Glossary
/glossary/core-testnet
valis.team
Jun 12, 2025 11:01 AM GMT+0
Jul 31, 2026 03:56 PM GMT+0
A public Testnet focused on validating network stability and core Tockchain DLT features, such as Tockchain Consensus and Transaction throughput, under production-like conditions, enabling public testing before Mainnet deployment.
167
Glossary
/glossary/testnet-token
valis.team
Jun 12, 2025 11:01 AM GMT+0
Jun 23, 2026 03:31 PM GMT+0
A valueless version of Tokens, such as testnet-specific VUSD or VNET, used in a Testnets to simulate Transactions, such as Send Transaction or Poolswap Transaction, without impacting the mainnet Asset.
166
Glossary
/glossary/testnet-node
valis.team
Jun 12, 2025 11:01 AM GMT+0
Jun 23, 2026 03:31 PM GMT+0
A Consensus Node or Validation Node configured for a Testnet, meeting requirements to test Transaction processing and Tockchain Consensus.
165
Glossary
/glossary/testnet-phase
valis.team
Jun 12, 2025 11:01 AM GMT+0
Jun 23, 2026 03:31 PM GMT+0
A designated version of a Testnet, such as Testnet 1.0.0 or 2.0.0, defined by specific features, objectives, and timelines to track testing progress.
164
Glossary
/glossary/tockchain-arbitrage-bot
valis.team
Jun 9, 2025 03:02 PM GMT+0
Jun 23, 2026 03:33 PM GMT+0
An automated system in the Tockchain DLT that executes Trading to equalize prices between the Orderbook and Liquidity Pool, minimizing price discrepancies.
163
Glossary
/glossary/reserved-asset-name
valis.team
Jun 9, 2025 03:01 PM GMT+0
Jun 23, 2026 03:26 PM GMT+0
A restricted name for Asset in the Tockchain DLT, such as COINSMINTED, POOLSHARES, or VUSD, to prevent conflicts with system-defined assets or pool identifiers.
162
Glossary
/glossary/empty-tock
valis.team
Jun 9, 2025 02:59 PM GMT+0
Jun 23, 2026 03:17 PM GMT+0
A Tock in the Tockchain DLT with no validated Transactions due to network issues, node failures, or bugs, indicating a temporary failure in Tockchain Consensus.
161
Glossary
/glossary/blockchain
valis.team
Jun 9, 2025 02:12 PM GMT+0
Jun 23, 2026 03:07 PM GMT+0
In cryptocurrency, a distributed ledger of chained Block, secured by cryptographic techniques, recording Crypto Transactions across a network.
160
Glossary
/glossary/blind-auction
valis.team
Jun 9, 2025 01:39 PM GMT+0
Jun 23, 2026 03:07 PM GMT+0
A dynamic pricing strategy in Seed Round D of the Valis Stablecoins Seed Fundraiser where investors bid for VSTABLE Tokens starting at a base price, allowing market-driven pricing within a capped total value.
159
Glossary
/glossary/seed-round-d
valis.team
Jun 9, 2025 01:39 PM GMT+0
Jun 23, 2026 03:29 PM GMT+0
The final round of the Valis Stablecoins Seed Fundraiser, using a Blind Auction starting at $0.00014 per VSTABLE Token, capped at $100,000 in total value, with a minimum investment of $10,000, open to pre-approved investors, ran from December 16 to December 22, 2024.
156
Glossary
/glossary/fixed-price-mechanism
valis.team
Jun 9, 2025 01:39 PM GMT+0
Jun 23, 2026 03:19 PM GMT+0
A pricing strategy in the Valis Stablecoins Seed Fundraiser (Seed Round A, Seed Round B, Seed Round C) where VSTABLE Tokens are sold at a predetermined price per token, enabling predictable investment costs for participants.
157
Glossary
/glossary/seed-round-c
valis.team
Jun 9, 2025 01:39 PM GMT+0
Jun 23, 2026 03:29 PM GMT+0
The third round of the Valis Stablecoins Seed Fundraiser, using a Fixed-Price Mechanism at $0.00013 per VSTABLE Token, open to pre-approved investors with a minimum investment of $100,000, ran from December 9 to December 15, 2024.
158
Glossary
/glossary/seed-round-b
valis.team
Jun 9, 2025 01:39 PM GMT+0
Jun 23, 2026 03:29 PM GMT+0
The second round of the Valis Stablecoins Seed Fundraiser, using a Fixed-Price Mechanism at $0.00012 per VSTABLE Token, uncapped, with a minimum investment of $100,000, invite-only for pre-selected investors, ran from December 2 to December 8, 2024.
154
Glossary
/glossary/seed-round-a
valis.team
Jun 9, 2025 01:39 PM GMT+0
Jun 23, 2026 03:29 PM GMT+0
The first round of the Valis Stablecoins Seed Fundraiser, using a Fixed-Price Mechanism at $0.0001 per VSTABLE Token, uncapped, with a minimum investment of $100,000, exclusive to the first investor, concluded on December 1, 2024.
155
Glossary
/glossary/valis-stablecoins-seed-fundraiser
valis.team
Jun 9, 2025 01:39 PM GMT+0
Jun 23, 2026 03:35 PM GMT+0
A series of funding rounds (Seed Round A, Seed Round B, Seed Round C, Seed Round D) to support the development of Valis Stablecoin, raising capital through the sale of VSTABLE Tokens, which grant a share of Valis Stablecoins Net Profit, concluded on December 22, 2024.
153
Glossary
/glossary/hashed-address
valis.team
Jun 9, 2025 01:26 PM GMT+0
Jun 23, 2026 03:19 PM GMT+0
In cryptocurrency, an address generated by hashing a public key or other data, used to securely identify accounts or Crypto Transactions, such as in Trading or wallet management.
151
Glossary
/glossary/multi-signature
valis.team
Jun 9, 2025 01:22 PM GMT+0
Jun 23, 2026 03:21 PM GMT+0
In cryptocurrency, a security mechanism requiring multiple signatures to authorize a Crypto Transaction or manage a wallet address, enhancing security for assets like Crypto Tokens.
150
Glossary
/glossary/valis-stablecoins-revenue-share-agreement
valis.team
Jun 9, 2025 12:57 PM GMT+0
Jun 23, 2026 03:35 PM GMT+0
The contractual framework governing the distribution of Valis Stablecoins Net Profit from Valis Stablecoin operations to VSTABLE Token holders, managed through Token Versions and subject to terms like Token Conversion, ensuring revenue sharing based on token ownership.
148
Glossary
/glossary/stablecoin-revenue-sharing
valis.team
Jun 9, 2025 12:50 PM GMT+0
Jun 23, 2026 03:29 PM GMT+0
The mechanism by which Valis Stablecoins Net Profit from Valis Stablecoin operations is distributed through the Valis Stablecoins Revenue Share Agreement to VSTABLE Token holders, based on their token share of the 100 billion total supply, managed through periodic Token Version updates.
147
Glossary
/glossary/fiat-backed-stablecoin
valis.team
Jun 9, 2025 12:50 PM GMT+0
Jun 23, 2026 03:17 PM GMT+0
A Valis Stablecoin such as VUSD, pegged to a fiat currency like the US dollar, backed by reserves to maintain stability, used for transactions in the Tockchain Ecosystem and generating revenue for VSTABLE Token holders.
146
Glossary
/glossary/valis-stablecoin
valis.team
Jun 9, 2025 12:47 PM GMT+0
Jun 23, 2026 03:35 PM GMT+0
A Stablecoin issued by Valis, such as VUSD, pegged to a stable asset like the US dollar, designed for use in the Tockchain Ecosystem for , payments, and Trading, generating Valis Stablecoins Net Profit for VSTABLE Token holders.
145
Glossary
/glossary/vstable-reporting
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:37 PM GMT+0
The dual-level reporting system for VSTABLE Token investors, offering Standard Reporting to all and Advanced Reporting to Key Investors, ensuring transparency for Valis Stablecoins while protecting confidential data.
144
Glossary
/glossary/token-sales
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
The distribution of VSTABLE Tokens through sequential funding rounds, intended as a revenue-sharing mechanism tied to Valis Stablecoin success, prohibiting Speculation but allowing sales for non-speculative reasons like financial need or KYC non-compliance.
141
Glossary
/glossary/token-conversion
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
A potential forced swap of VSTABLE Tokens into Valis equity if the VSTABLE open market supply falls below 10%, calculated as Market Value of Remaining VSTABLE Tokens / Valis Market Valuation, adjusted by the revenue share of the Valis Stablecoins line of business, with revenue sharing ceasing upon execution.
142
Glossary
/glossary/token-repurchase
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
A strategic action by Valis to repurchase VSTABLE Tokens from the open market to manage circulating supply and ensure ecosystem stability, conducted as a non-speculative, company-driven process.
143
Glossary
/glossary/standard-investor
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:29 PM GMT+0
An Investor who does not have Key Investor status.
Standard Investors receive Standard Reporting.
Standard Investors receive Standard Reporting.
136
Glossary
/glossary/key-investor
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:19 PM GMT+0
The top 10 Approved Profiles contributing $100,000 or more across all rounds.
Key Investors receive Advanced Reporting.
Key Investors receive Advanced Reporting.
137
Glossary
/glossary/token-version
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
A unique iteration of VSTABLE Tokens, identified by numbers (e.g., VSTB001, VSTB002), currently at VSTB001, requiring holders to Swapping to new versions periodically to continue revenue sharing, as prior versions lose eligibility upon new issuance.
138
Glossary
/glossary/standard-reporting
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:29 PM GMT+0
Periodic updates with key metrics, excluding confidential information, available to Approved Profiles, Declined Profiles, and the public regarding Valis and VSTABLE Token performance.
139
Glossary
/glossary/advanced-reporting
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:04 PM GMT+0
Comprehensive access to sensitive information on partnerships, financials, projections, and salaries, available only to Key Investors holding VSTABLE Tokens. In the case of a Collective Investor, confidential information is shared exclusively with its designated representative.
140
Glossary
/glossary/approved-profile
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:04 PM GMT+0
An actual or potential Investor who has been granted direct access to the Valis team and may purchase tokens directly from the Valis treasury.
133
Glossary
/glossary/declined-profile
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:16 PM GMT+0
An actual or potential Investor who has been reviewed by Valis and denied direct access to the Valis team or treasury. These investors may still acquire Valis Tokens through investment syndicates or secondary markets, but they remain outside our direct communication and engagement channels.
134
Glossary
/glossary/collective-investor
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:11 PM GMT+0
An Investor that operates as a group or a legal entity representing multiple individuals or entities pooling resources to invest jointly. Examples of collective investors include Investment Syndicates, DAOs, and trusts.
When a collective investor qualifies as a Key Investor, only its designated representative is recognized as the Key Investor for official communication and reporting purposes.
When a collective investor qualifies as a Key Investor, only its designated representative is recognized as the Key Investor for official communication and reporting purposes.
135
Glossary
/glossary/speculation
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:29 PM GMT+0
Buying or trading tokens for profit based on short-term price movements, prohibited for VSTABLE Tokens, though selling for non-speculative reasons (e.g., financial need, KYC non-compliance) is allowed.
130
Glossary
/glossary/individual-investor
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:19 PM GMT+0
An Investor who acts as an individual rather than as part of an organization or institution.
131
Glossary
/glossary/valis-stablecoins-net-profit
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
minus all operating expenses, taxes, and other costs, representing the final profit available for distribution to holders.
132
Glossary
/glossary/vstable
valis.team
Jun 9, 2025 10:13 AM GMT+0
Jun 23, 2026 03:37 PM GMT+0
A revenue-sharing token issued by Valis for the Valis Stablecoin line of business, granting holders a right to a share of the Valis Stablecoins Net Profit generated by Valis Stablecoins, with a total supply of 100 billion units, tradable on Qubic’s Qx Decentralized Exchange, and currently at version VSTB001.
129
Glossary
/glossary/bridge-transaction
valis.team
Jun 6, 2025 04:45 PM GMT+0
Jun 23, 2026 03:07 PM GMT+0
A Transaction in the Tockchain DLT that facilitates interoperability with external Blockchains, such as External Chain Creation Transaction or External Asset Creation Transaction.
124
Glossary
/glossary/defi
valis.team
Jun 6, 2025 04:38 PM GMT+0
Jul 31, 2026 03:56 PM GMT+0
An abbreviation for Decentralized Finance.
123
Glossary
/glossary/crypto-hash-timelock-contract
valis.team
Jun 6, 2025 04:37 PM GMT+0
Jul 31, 2026 03:58 PM GMT+0
In cryptocurrency, a Crypto Smart Contract that locks funds until a secret hash is revealed or a locktime expires, enabling trust-less exchanges like Crypto Atomic Swaps.
122
Glossary
/glossary/swapping
valis.team
Jun 6, 2025 03:38 PM GMT+0
Jun 23, 2026 03:31 PM GMT+0
The exchange of one Asset for another in the Tockchain DLT, facilitated by a Poolswap in a Liquidity Pool or an Atomic Swap via a Hashlock Transaction.
121
Glossary
/glossary/crypto-atomic-swap
valis.team
Jun 6, 2025 02:29 PM GMT+0
Jun 23, 2026 03:12 PM GMT+0
In cryptocurrency, a trustless exchange of Crypto Tokens between two Blockchain networks, facilitated by a Crypto Hash Timelock Contract ensuring both parties fulfill the Crypto Swapping or funds are refunded.
120
Glossary
/glossary/crypto-smart-contract
valis.team
Jun 6, 2025 02:28 PM GMT+0
Jun 23, 2026 03:14 PM GMT+0
In cryptocurrency, a self-executing program on a Blockchain that automatically enforces the terms of an agreement, enabling decentralized applications, Crypto Token issuance, or financial services without intermediaries.
119
Glossary
/glossary/decentralized-finance
valis.team
Jun 6, 2025 02:22 PM GMT+0
Jul 31, 2026 03:56 PM GMT+0
In cryptocurrency, often abbreviated as DeFi, a system of financial applications built on Blockchain networks that enables services like Trading, lending, and Crypto Token Crypto Swappingping without intermediaries, using Crypto Smart Contracts and decentralized protocols.
118
Glossary
/glossary/stablecoin
valis.team
Jun 6, 2025 02:13 PM GMT+0
Jun 23, 2026 03:29 PM GMT+0
Valis’s implementation of a Crypto Stablecoin in the Tockchain DLT, such as VUSD, pegged to the US dollar and used as a stable medium of exchange in Transactions, Trading in a Orderbook, or swaps in a Liquidity Pool for decentralized finance applications.
117
Glossary
/glossary/crypto-stablecoin
valis.team
Jun 6, 2025 02:13 PM GMT+0
Jun 23, 2026 03:14 PM GMT+0
In cryptocurrency, a Crypto Token designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, a commodity, or an algorithm, used for Crypto Transactions, decentralized finance, or as a store of value with reduced volatility.
116
Glossary
/glossary/crypto-transaction
valis.team
Jun 6, 2025 01:55 PM GMT+0
Jun 23, 2026 03:14 PM GMT+0
In cryptocurrency, a recorded operation on a Blockchain that modifies its state, such as transferring Crypto Assets or executing smart contracts, identified by a unique identifier and validated by network participants.
115
Glossary
/glossary/crypto-orderbook
valis.team
Jun 6, 2025 01:54 PM GMT+0
Jun 23, 2026 03:14 PM GMT+0
In cryptocurrency, a Trading system that matches buy and sell orders for Crypto Assets, using a Maker/Taker model where makers place orders at specified prices and takers accept them, common in centralized and decentralized exchanges.
114
Glossary
/glossary/crypto-asset
valis.team
Jun 6, 2025 01:53 PM GMT+0
Jun 23, 2026 03:12 PM GMT+0
In cryptocurrency, a digital item of value on a Blockchain, such as tokens, native coins, or non-fungible tokens, used in transactions, smart contracts, or as a store of value.
113
Glossary
/glossary/crypto-token
valis.team
Jun 6, 2025 01:46 PM GMT+0
Jun 23, 2026 03:14 PM GMT+0
In cryptocurrency, a digital asset on a Blockchain representing value, utility, or rights, such as currency, governance, or access. Issued via smart contracts or protocols and used in transactions, decentralized finance, or network operations.
112
Glossary
/glossary/crypto-liquidity-pool
valis.team
Jun 6, 2025 01:38 PM GMT+0
Jun 23, 2026 03:14 PM GMT+0
In cryptocurrency, a reserve of Tokens held in a smart contract or protocol to enable decentralized Trading, token Swapping, or lending, typically in automated market makers. Users deposit tokens as liquidity providers, earning fees or rewards for supporting the network’s liquidity.
111
Glossary
/glossary/token
valis.team
Jun 6, 2025 08:18 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
Valis’s implementation of a Crypto Token in the Tockchain DLT, such as VUSD, VNET, VPOINT, or QUBIC, issued and managed for use in Transactions like Send Transaction or Poolswap Transaction within the Tockchain DLT.
110
Glossary
/glossary/qubic
valis.team
Jun 6, 2025 08:05 AM GMT+0
Jun 23, 2026 03:26 PM GMT+0
The native token of the Qubic network, bridged as an Asset to the Tockchain DLT for seamless use in Transactions like Send Transaction, Poolswap Transaction, or Crosschain Transaction within the Tockchain DLT.
109
Glossary
/glossary/trading
valis.team
Jun 6, 2025 07:59 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
The buying, selling, or Swapping of Assets, such as VUSD or QUBIC, in the Tockchain DLT through mechanisms like Orderbook or Liquidity Pool, facilitated by transactions like Poolswap Transaction or Maker Order Transaction in the Tockchain DLT.
108
Glossary
/glossary/poolswap
valis.team
Jun 6, 2025 07:57 AM GMT+0
Jun 23, 2026 03:23 PM GMT+0
The exchange of one Asset for another within a Liquidity Pool in the Tockchain DLT, executed via a Poolswap Transaction to facilitate Trading.
107
Glossary
/glossary/atomic-swap
valis.team
Jun 6, 2025 07:51 AM GMT+0
Jun 23, 2026 03:07 PM GMT+0
A secure exchange of one Asset for another across Blockchains in the Tockchain DLT, facilitated by a Hashlock Transaction using a secret hash and locktime, ensuring both parties complete the Swapping or funds are refunded.
106
Glossary
/glossary/ask
valis.team
Jun 6, 2025 07:33 AM GMT+0
Jun 23, 2026 03:04 PM GMT+0
A sell order placed by a Maker on the Tockchain DLT’s Orderbook, specifying a price in VUSD to sell an Asset.
105
Glossary
/glossary/bid
valis.team
Jun 6, 2025 07:33 AM GMT+0
Jun 23, 2026 03:07 PM GMT+0
A buy order placed by a Maker on the Tockchain DLT’s Orderbook, specifying a price in VUSD to purchase an Asset.
104
Glossary
/glossary/arbitrage
valis.team
Jun 6, 2025 07:33 AM GMT+0
Jun 23, 2026 03:04 PM GMT+0
The process in the Tockchain DLT of exploiting price differences between the Orderbook and Liquidity Pool to profit from synchronized pricing, often automated by bots.
103
Glossary
/glossary/crypto-coinbase-reward
valis.team
Jun 6, 2025 07:33 AM GMT+0
Jun 23, 2026 03:11 PM GMT+0
In cryptocurrency, a reward given to network participants, such as miners in Proof of Work or validators in Proof of Stake systems, for securing and maintaining the distributed ledger by processing transactions and achieving consensus.
102
Glossary
/glossary/over-the-counter-order
valis.team
Jun 6, 2025 07:33 AM GMT+0
Jun 23, 2026 03:23 PM GMT+0
A specialized order in the Tockchain DLT’s Orderbook where a Maker specifies a particular Taker to complete a trade for an Asset.
100
Glossary
/glossary/crypto-swapping
valis.team
Jun 6, 2025 07:33 AM GMT+0
Jun 23, 2026 03:14 PM GMT+0
In cryptocurrency Trading, the exchange of one Crypto Token for another, typically facilitated through decentralized protocols like Crypto Liquidity Pools or cross-chain mechanisms, enabling trust-less asset swaps.
101
Glossary
/glossary/taker
valis.team
Jun 6, 2025 07:33 AM GMT+0
Jun 23, 2026 03:31 PM GMT+0
A user in the Tockchain DLT’s Orderbook who accepts an existing Maker’s buy or sell order for an Asset, completing a trade via a Taker Order Transaction.
99
Glossary
/glossary/maker
valis.team
Jun 6, 2025 07:33 AM GMT+0
Jun 23, 2026 03:21 PM GMT+0
A user in the Tockchain DLT’s Orderbook who places a buy or sell order for an Asset at a specific price in VUSD, creating liquidity through a Maker Order Transaction.
98
Glossary
/glossary/transaction
valis.team
Jun 6, 2025 07:20 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
Valis’s implementation of a Crypto Transaction in the Tockchain DLT that modifies the Tockchain Ledger, identified by a TXID. The Tockchain DLT supports three transaction types: Standard Transaction, Special Transaction Type, and System Transaction.
97
Glossary
/glossary/system-transaction
valis.team
Jun 6, 2025 07:15 AM GMT+0
Jun 23, 2026 03:31 PM GMT+0
A Transaction in the Tockchain DLT that manages network operations, such as Node Addition Transaction or Update Cancellation Transaction, configuring the Tockchain Network to ensure stability and synchronization.
96
Glossary
/glossary/standard-transaction
valis.team
Jun 6, 2025 07:13 AM GMT+0
Jun 23, 2026 03:29 PM GMT+0
A Transaction in the Tockchain DLT that performs basic Asset transfers, such as Send Transaction or Burn Transaction, moving Assets like VUSD between addresses in the Tockchain Ledger.
95
Glossary
/glossary/asset
valis.team
Jun 6, 2025 06:50 AM GMT+0
Jun 23, 2026 03:04 PM GMT+0
Valis’s implementation of an Crypto Asset in the Tockchain DLT, such as VUSD, VNET, or VPOINT, identified by an Asset ID and used in Transactions like Send Transaction or Trading in a Liquidity Pool.
94
Glossary
/glossary/external-asset-creation-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:17 PM GMT+0
An automated Special Transaction Type in the Tockchain DLT that creates an external Asset on another Blockchain, restricted to the coinbase address, specifying the asset’s name, symbol, and issuer.
93
Glossary
/glossary/update-cancellation-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
A System Transaction in the Tockchain DLT that cancels a pending network configuration change, such as node addition or removal, to prevent unintended disruptions in the Tockchain Network.
91
Glossary
/glossary/external-chain-creation-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:17 PM GMT+0
An automated Special Transaction Type in the Tockchain DLT that establishes a new external Blockchain for interoperability, restricted to the coinbase address, specifying chain ID and external symbol.
92
Glossary
/glossary/node-replacement-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:23 PM GMT+0
A System Transaction in the Tockchain DLT that replaces an existing Consensus Node with a new one in the Tockchain Network, specifying both nodes’ identifiers and the new node’s IP address.
89
Glossary
/glossary/node-removal-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:23 PM GMT+0
A System Transaction in the Tockchain DLT that removes a Consensus Node from the Tockchain Network, restricted for networks with a multiple of three nodes to maintain quorum.
90
Glossary
/glossary/asset-minting-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:07 PM GMT+0
A Special Transaction Type in the Tockchain DLT that mints additional tokens for a mintable Asset, requiring the creator’s signature or Multi-Signature approval, adding to the Asset’s supply within the Tockchain DLT.
87
Glossary
/glossary/node-addition-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:21 PM GMT+0
A System Transaction in the Tockchain DLT that adds a new Consensus Node to the Tockchain Network, specifying its IP address and identifier, to enhance network capacity.
88
Glossary
/glossary/hashlock-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:19 PM GMT+0
A Special Transaction Type in the Tockchain DLT that implements a Crypto Hash Timelock Contract, locking funds to an address until a secret hash (using K12 or SHA256) is revealed or a locktime expires, enabling features like Atomic Swaps for Assets like QUBIC.
85
Glossary
/glossary/asset-creation-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:04 PM GMT+0
A Special Transaction Type in the Tockchain DLT that creates a new Asset, requiring a 1000 VUSD deposit as reserve and initial Liquidity Pool funding, with options for mintable or non-mintable Assets using single or Multi-Signature control, requiring a valid pubkeys array and optional multisig field for multi-signer configurations.
86
Glossary
/glossary/coldspend-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:08 PM GMT+0
A Special Transaction Type in the Tockchain DLT that transfers a specified amount of an Asset from a hot address to a destination, sweeping all remaining funds, including up to 32 different tokens, to a new cold address for secure storage.
82
Glossary
/glossary/multi-signature-spend-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:21 PM GMT+0
A Special Transaction Type in the Tockchain DLT that spends funds from a Multi-Signature address, requiring signatures from the specified number of signers, appended sequentially, to transfer Assets like VUSD.
83
Glossary
/glossary/multi-signature-address-creation-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:21 PM GMT+0
A Special Transaction Type in the Tockchain DLT that creates a Multi-Signature address, specifying the number of signers, minimum required signatures, and public keys, with an optional locktime, for secure Special Transaction Type execution.
84
Glossary
/glossary/poolwithdraw-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:26 PM GMT+0
A Special Transaction Type in the Tockchain DLT that removes Assets from a Liquidity Pool, allowing withdrawal of a single Asset or both in equal proportion, including any earned Tock Reward like VNET.
80
Glossary
/glossary/pooldeposit-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:23 PM GMT+0
A Special Transaction Type in the Tockchain DLT that adds one or both Assets to a Liquidity Pool, specifying the source, destination pool, and amount, supporting one-sided or two-sided deposits, with validation to prevent same-asset two-sided deposits, to enhance pool liquidity.
81
Glossary
/glossary/liquidity-pool
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:19 PM GMT+0
Valis’s implementation of a Crypto Liquidity Pool in the Tockchain DLT, holding a reserve of Assets, such as VUSD and QUBIC, to facilitates Token Swapping and Trading, requiring a minimum 1000 VUSD deposit to create and fund for functionality.
78
Glossary
/glossary/poolswap-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:26 PM GMT+0
A Special Transaction Type in the Tockchain DLT that exchanges one Asset for another within a Liquidity Pool, specifying the source and destination Assets and amount, with an optional minimum amount for the swap.
79
Glossary
/glossary/open-orders-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:23 PM GMT+0
A Special Transaction Type in the Tockchain DLT that retrieves a list of open orders placed by a Maker on the Orderbook for a specific Asset, aiding in trade tracking.
76
Glossary
/glossary/taker-order-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:31 PM GMT+0
A Special Transaction Type in the Tockchain DLT that accepts an existing Maker order on the Orderbook, specifying the Taker, Assets, price, and amount to complete the trade.
77
Glossary
/glossary/maker-order-claim-reward-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:21 PM GMT+0
A Special Transaction Type in the Tockchain DLT that allows a Maker to claim Tock Reward, such as VNET, earned by their order address on the Orderbook.
74
Glossary
/glossary/maker-order-cancellation-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:21 PM GMT+0
A Special Transaction Type in the Tockchain DLT that cancels a maker’s buy or sell order on the Orderbook, specified by the maker, Assets, and price.
75
Glossary
/glossary/maker-order-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:21 PM GMT+0
A Special Transaction Type in the Tockchain DLT that places a buy or sell order on the Orderbook, specifying the maker’s Assets, price in VUSD, and amount, enabling trading within the Tockchain DLT.
73
Glossary
/glossary/order-address-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:23 PM GMT+0
A Special Transaction Type in the Tockchain DLT that creates a hashed address for a specific Orderbook entry, defining the Maker, Assets, and price for Trading.
71
Glossary
/glossary/orderbook
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:23 PM GMT+0
Valis’s implementation of a Crypto Orderbook in the Tockchain DLT for Assets Trading, using a Maker/Taker model, where makers place buy or sell orders at specified prices in VUSD and takers accept them, supported by Hashed Address and Tock Rewards.
72
Glossary
/glossary/crosschain-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:11 PM GMT+0
A Special Transaction Type in the Tockchain DLT that transfers an Asset, such as QUBIC, from the Tockchain DLT to another Blockchain, identified by a chain ID and external symbol, facilitating interoperability within the Tockchain Ecosystem.
69
Glossary
/glossary/burn-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:08 PM GMT+0
A Special Transaction Type in the Tockchain DLT that permanently removes a specified amount of an Asset, such as VUSD, from circulation by sending it to a null address, reducing the Asset’s total supply.
70
Glossary
/glossary/send-transaction
valis.team
Jun 6, 2025 06:46 AM GMT+0
Jun 23, 2026 03:29 PM GMT+0
A Standard Transaction in the Tockchain DLT that transfers a specified amount of an Asset, such as VUSD or QUBIC, from a sender to a recipient address, identified by a Tockid for tracking in the Tockchain Ledger.
68
Glossary
/glossary/vpoint
valis.team
Jun 5, 2025 04:44 PM GMT+0
Jun 23, 2026 03:35 PM GMT+0
A token planned by Valis to reward collaborators contributing to the Valis Ecosystem’s development, initially issued as a non-valued recognition of contributions. Upon the Tockchain DLT mainnet launch, VPOINT Token holders can swap their tokens for VNET at a predetermined rate, funded by Valis’s 10% share of the Tock Reward.
67
Glossary
/glossary/tockchain-ledger
valis.team
Jun 5, 2025 10:56 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
The immutable record of transactions and state changes maintained by the Tockchain DLT, updated each Tock with data from the Consensus Network and Validation Network, traceable to its genesis block within the Tockchain DLT.
66
Glossary
/glossary/tick
valis.team
Jun 5, 2025 10:31 AM GMT+0
Jun 23, 2026 03:31 PM GMT+0
A small, discrete unit of time used to measure or trigger actions in real-time systems. The term originated in the late 19th century in telegraphy, gained prominence in computing by the 1960s (e.g., task scheduling in IBM’s OS/360), and was also used in early 20th-century finance to denote the smallest price movement of a security.
65
Glossary
/glossary/block
valis.team
Jun 5, 2025 10:29 AM GMT+0
Jun 23, 2026 03:07 PM GMT+0
A bundled set of data in a Blockchain, typically containing a list of transactions, a timestamp, a reference to the previous block (via its hash), and a cryptographic hash of its own content. Blocks are linked together chronologically to form the blockchain, ensuring data integrity and immutability.
64
Glossary
/glossary/tockchain
valis.team
Jun 5, 2025 10:17 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
A second-level portmanteau coined by Valis, blending “Tock" with "chain" (from Blockchain), naming the Tockchain DLT where a tock is a one-second UTC timestamp in the Tockchain Consensus mechanism.
63
Glossary
/glossary/valis
valis.team
Jun 5, 2025 09:49 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
A distributed ledger technology (DLT) organization developing the Tockchain DLT, focused on creating a high-throughput and reliable Blockchain solution for stablecoins and decentralized finance (DeFi) within the Valis Ecosystem.
Valis receives 10% of the Network Reward Cycle Amount, as funding for the continued development of the Tockchain Ecosystem.
Valis receives 10% of the Network Reward Cycle Amount, as funding for the continued development of the Tockchain Ecosystem.
62
Glossary
/glossary/vnet
valis.team
Jun 5, 2025 09:44 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
The native, non-governance token of the Tockchain Ecosystem. VNET is minted and distributed every Tock as Network Rewards to incentivize network contributions like liquidity provision, node operation, and ecosystem oversight from Tockchain Stakeholder. VNET holders receive a monthly share of Valis Stablecoins Gross Revenue through VUSD Payout to the VNET Liquidity Pool.
61
Glossary
/glossary/validation-node-operator
valis.team
Jun 5, 2025 09:20 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
An entity that manages and operate Validation Nodes in the Tockchain DLT’s Validation Network. They handle the processing and validation of transactions, ensuring the integrity of the Tockchain Network.
Validation Node Operators (a.k.a. Validator Operators) do not receive Network Rewards.
Validation Node Operators (a.k.a. Validator Operators) do not receive Network Rewards.
60
Glossary
/glossary/consensus-node-operator
valis.team
Jun 5, 2025 09:19 AM GMT+0
Jun 23, 2026 03:11 PM GMT+0
An entity that manages and operates Consensus Nodes in the Tockchain DLT’s Consensus Network. They are responsible for maintaining consensus of the Tockchain Network.
Consensus Node Operators receive 10% of the Network Reward Cycle Amount, as compensation for operating and maintaining the Tockchain Network.
Consensus Node Operators receive 10% of the Network Reward Cycle Amount, as compensation for operating and maintaining the Tockchain Network.
59
Glossary
/glossary/tock-reward
valis.team
Jun 5, 2025 09:11 AM GMT+0
Jun 23, 2026 03:31 PM GMT+0
Valis’s implementation of a Crypto Coinbase Reward in the Tockchain DLT, consisting of VNET issued every Tock. It rewards network contributors through a Tock Reward Transaction to:
- Liquidity Provider (80%).
- Consensus Node Operators (10%).
- Valis (10%).
- Liquidity Provider (80%).
- Consensus Node Operators (10%).
- Valis (10%).
58
Glossary
/glossary/liquidity-provider
valis.team
Jun 5, 2025 09:03 AM GMT+0
Jun 23, 2026 03:19 PM GMT+0
Valis’s implementation of a Crypto Liquidity Provider in the Tockchain DLT, where users or entities deposit Assets into Liquidity Pool to facilitate Trading and Swapping of Tokens, such as VUSD.
Liquidity Providers receive 80% of the Network Reward Cycle Amount from each, as compensation for maintaining liquidity in the network and bearing associated risks such as Impermanent Loss.
Liquidity Providers receive 80% of the Network Reward Cycle Amount from each, as compensation for maintaining liquidity in the network and bearing associated risks such as Impermanent Loss.
57
Glossary
/glossary/parallel-transaction-processing
valis.team
Jun 4, 2025 11:04 AM GMT+0
Jun 23, 2026 03:23 PM GMT+0
A method in the Tockchain DLT that enhances transaction validation speed through parallel transaction processing.
56
Glossary
/glossary/tockchain-ecosystem
valis.team
Jun 4, 2025 10:22 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
The integrated environment of the Tockchain distributed ledger technology (DLT), including its Consensus Network, Validation Network, Tockchain Middleware, and other components that enable transaction processing, asset management, and decentralized applications (dApps) within the Tockchain Network.
55
Glossary
/glossary/valis-ecosystem
valis.team
Jun 4, 2025 10:21 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
The comprehensive suite of technologies, products, and services developed by Valis, including the Tockchain DLT, the Valis Hybrid DEX, and other Blockchain-related initiatives, designed to support stablecoins, decentralized finance (DeFi), and digital asset management.
54
Glossary
/glossary/tockchain-project
valis.team
Jun 4, 2025 10:02 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
A research project launched by Valis to develop a new DLT designed from the ground up for stablecoins and DeFi, combining high throughput and high reliability.
53
Glossary
/glossary/tockchain-network
valis.team
Jun 4, 2025 09:34 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
The infrastructure of Consensus Nodes and Validation Nodes operating the Tockchain DLT’s Consensus Network and Validation Networks to maintain the Dual-Network L1 Blockchain.
52
Glossary
/glossary/tockchain-consensus
valis.team
Jun 4, 2025 09:33 AM GMT+0
Jun 23, 2026 03:33 PM GMT+0
The leaderless quorum-based mechanism used by the Tockchain DLT’s Consensus Network to agree on the set and order of transactions for each Tock.
51
Glossary
/glossary/dual-network-l1
valis.team
Jun 4, 2025 09:29 AM GMT+0
Jun 23, 2026 03:16 PM GMT+0
The combined Consensus Network and Validation Network within the Tockchain DLT’s Dual-Network L1 Blockchain, enabling efficient transaction consensus and validation.
50
Glossary
/glossary/validation-network
valis.team
Jun 4, 2025 09:15 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
One of the two networks in the Dual-Network L1 Tockchain DLT where Validation Nodes process and validate transactions from the Consensus Network, update the Tockchain Ledger state, and handle Special Transaction Types.
The Validation Network is distributed (run by many independent nodes), decentralized (no single entity controls it), and permissionless (anyone can join without needing approval).
The Validation Network is distributed (run by many independent nodes), decentralized (no single entity controls it), and permissionless (anyone can join without needing approval).
49
Glossary
/glossary/consensus-network
valis.team
Jun 4, 2025 09:15 AM GMT+0
Jun 23, 2026 03:11 PM GMT+0
One of the two networks in the Dual-Network L1 Tockchain DLT where Consensus Nodes agree on the set and order of transactions for each Tock.
The Consensus Network is distributed (run by many independent nodes), decentralized (no single entity controls it), and permissioned (nodes require Valis approval to participate).
The Consensus Network is distributed (run by many independent nodes), decentralized (no single entity controls it), and permissioned (nodes require Valis approval to participate).
48
Glossary
/glossary/validation-node
valis.team
Jun 4, 2025 08:11 AM GMT+0
Jun 23, 2026 03:35 PM GMT+0
A node that operates in the Tockchain's Validation Network, responsible for processing and validating transactions from the Consensus Network, updating the Tockchain Ledger state, and handling Special Transaction Types.
47
Glossary
/glossary/rollup
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:29 PM GMT+0
A technique used to aggregate multiple transactions into a single batch, enhancing overall throughput and efficiency in transaction processing.
43
Glossary
/glossary/tockid
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:33 PM GMT+0
An identifier in the Tockchain DLT that links transactions to their respective Tocks for efficient organization and retrieval in the Tockchain Ledger. It serves as a compact transaction hash, using 6 bytes instead of the standard 32-byte format.
44
Glossary
/glossary/asset-id
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:05 PM GMT+0
A unique identifier for each asset supported by the Tockchain DLT, enabling the management and tracking of multiple assets within the Tockchain DLT.
45
Glossary
/glossary/vusd
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:37 PM GMT+0
A Stablecoin issued by Valis, pegged to the US dollar, designed for use within the Tockchain Ecosystem as a stable medium of exchange for DeFi and other applications.
46
Glossary
/glossary/special-transaction-type
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:29 PM GMT+0
A Transaction in the Tockchain DLT with advanced functionality, such as Multi-Signature Spend Transaction, Poolswap Transaction, or Hashlock Transaction, enabling complex operations like trading or secure transfers in the Tockchain DLT.
41
Glossary
/glossary/quantum-resistant-cold-storage
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:26 PM GMT+0
A feature for securely storing funds to protect them from potential quantum computing threats. This feature is designed to ensure the safety of digital assets in an era where quantum technology could compromise traditional security measures.
42
Glossary
/glossary/tockdata
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:33 PM GMT+0
The data structure that contains consensus results for each Tock.
37
Glossary
/glossary/tock-reward-transaction
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:31 PM GMT+0
A Transaction in the Tockchain DLT that distributes the Tock Reward in VNET to accounts of Liquidity Provider (80%), Consensus Node Operators (10%), and Valis (10%) for network contributions each Tock.
38
Glossary
/glossary/state-hash
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:31 PM GMT+0
A hash representing the Tockchain DLT's state after processing a Tock.
39
Glossary
/glossary/failed-transactions
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:17 PM GMT+0
Transactions marked as invalid in the Tockdata, identified during the validation process in the Validation Network.
40
Glossary
/glossary/quorum-signatures
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:26 PM GMT+0
The endorsements (signatures) obtained from a quorum of Consensus Nodes (two-thirds plus one), confirming consensus on the transaction set and ensuring agreement among participating nodes.
33
Glossary
/glossary/consensus-phases
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:11 PM GMT+0
The steps involved in achieving agreement in the Tockchain Consensus:
1. Transaction Broadcast.
2. Transaction Summary.
3. Summary Voting.
4. Winning Subsets.
5. Subset Sync.
6. Collision Detection.
7. Signature.
1. Transaction Broadcast.
2. Transaction Summary.
3. Summary Voting.
4. Winning Subsets.
5. Subset Sync.
6. Collision Detection.
7. Signature.
34
Glossary
/glossary/snapshots
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:29 PM GMT+0
Concise summaries of the current state of the Tockchain DLT, used for re-synchronizing offline nodes.
35
Glossary
/glossary/txid
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:35 PM GMT+0
A unique identifier assigned to each transaction in the Tockchain DLT used externally to verify transaction validity. If valid, the transaction receives a Tockid for locating it in the Tockchain Ledger in the future.
36
Glossary
/glossary/tockchain-middleware
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:33 PM GMT+0
Software that facilitates interaction with the Tockchain Network, including transaction handling and data access.
29
Glossary
/glossary/tock
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:31 PM GMT+0
The core time unit in the Tockchain DLT, equal to a one-second UTC timestamp in the Tockchain Consensus mechanism, during which one block is generated and one VNET reward is minted and distributed.
The word “Tock” is a portmanteau coined by Valis blending “Tick" (a time interval) and “Block" (from Blockchain), to form "tock".
The word “Tock” is a portmanteau coined by Valis blending “Tick" (a time interval) and “Block" (from Blockchain), to form "tock".
30
Glossary
/glossary/tocks-array
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:33 PM GMT+0
An internal structure that enables Parallel Transaction Processing within the Tockchain DLT, contributing to its high throughput.
31
Glossary
/glossary/consensus-node
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:11 PM GMT+0
A node that operates in the Tockchain DLT’s Consensus Network responsible for agreeing on the set and order of transactions for each Tock.
Consensus Nodes are also known as Generator Nodes.
Consensus Nodes are also known as Generator Nodes.
32
Glossary
/glossary/tockchain-dlt
valis.team
Jun 3, 2025 04:23 PM GMT+0
Jun 23, 2026 03:33 PM GMT+0
A distributed ledger technology (DLT) developed by Valis, featuring a Dual-Network L1 Blockchain that splits the traditional L1 into Consensus Network and Validation Network.
28
Transparency
/transparency/cash-flow-statement-report
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:13 AM GMT+0
27
Fundraisers
/fundraisers/valis-stablecoins-seed-c-fundraiser
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:11 AM GMT+0
17
Transparency
/transparency/addresses-report
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:13 AM GMT+0
18
Fundraisers
/fundraisers/qwallet-qpool-fundraiser
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:12 AM GMT+0
19
Fundraisers
/fundraisers/valis-stablecoins-seed-d-fundraiser
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:11 AM GMT+0
20
Transparency
/transparency
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:11 AM GMT+0
21
Fundraisers
/fundraisers/valis-stablecoins-seed-b-fundraiser
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:11 AM GMT+0
22
Resources
/resources/brand-guidelines
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:13 AM GMT+0
23
Services
/services/valis-stablecoins
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:11 AM GMT+0
25
Resources
/resources
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:12 AM GMT+0
26
Fundraisers
/fundraisers/valis-stablecoins-seed-a-fundraiser
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:11 AM GMT+0
10
Services
/services
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:12 AM GMT+0
11
Fundraisers
/fundraisers
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:13 AM GMT+0
QWALLET & QPOOL FundraiserValis Stablecoins Seed A FundraiserValis Stablecoins Seed B FundraiserValis Stablecoins Seed C FundraiserValis Stablecoins Seed D FundraiserValis Stablecoins Seed E Fundraiser
12
Tokens
/tokens/qwallet
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:12 AM GMT+0
13
Transparency
/transparency/fundraising-report
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:13 AM GMT+0
14
Transparency
/transparency/donations-report
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:13 AM GMT+0
15
Tokens
/tokens/vstable
valis.team
May 19, 2025 03:14 PM GMT+0
Jun 23, 2026 07:11 AM GMT+0
16
Contact
/contact/inquiries
valis.team
May 1, 2025 01:29 PM GMT+0
Jun 23, 2026 07:13 AM GMT+0
9
Testnet
/testnet/tockchain-testnet-guide-for-node-operators
valis.team
May 1, 2025 08:43 AM GMT+0
Jun 23, 2026 07:11 AM GMT+0
8
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Crypto Liquidity ProviderImpermanent LossCrypto Impermanent LossCrypto AddressRichlist SegmentRichlist TierRichlist RankNetwork Reward Cycle AmountHalvingVNET Liquidity PoolVUSD PayoutNetwork RewardsValis Stablecoins Net ProfitValis Stablecoins Net RevenueValis Stablecoins Gross RevenueRichlist LotteryRichlistTock Reward SystemNetwork Reward CycleTock Reward AmountTockchain StakeholderCrypto HalvingDowntimeTock QualityReal-time TPSTPSTransactions per BlockSmallest Transaction SizeBlock SizeIdempotentPeak TPS in TestnetPeak TPS in MainnetBlock TimePeak TPSTransactions Per SecondNode Cost per MonthCost per Transaction (Based on Maximum Theoretical TPS)Node CountNetwork Cost per SecondNetwork Cost per MonthYearly Downtime (in Days)Yearly Downtime (in Hours)Reliability (in Number of Nines)Failure RateReliability (in Percentage)Maximum Theoretical TPSChain Performance Score (CPS)Core Node OperatorQualification Node OperatorNode OperatorMainnet NodeMainnetCrypto MainnetDevNetTestnetCrypto TestnetDevelopment TestnetQualification TestnetCore TestnetTestnet TokenTestnet NodeTestnet PhaseTockchain Arbitrage BotReserved Asset NameEmpty TockBlockchainBlind AuctionSeed Round DFixed-Price MechanismSeed Round CSeed Round BSeed Round AValis Stablecoins Seed FundraiserHashed AddressMulti-SignatureValis Stablecoins Revenue Share AgreementStablecoin Revenue SharingFiat-Backed StablecoinValis StablecoinVSTABLE ReportingToken SalesToken ConversionToken RepurchaseStandard InvestorKey InvestorToken VersionStandard ReportingApproved ProfileDeclined ProfileCollective InvestorSpeculationIndividual InvestorValis Stablecoins Net ProfitVSTABLEBridge TransactionDeFiCrypto Hash Timelock ContractSwappingCrypto Atomic SwapCrypto Smart ContractDecentralized FinanceStablecoinCrypto StablecoinCrypto TransactionCrypto OrderbookCrypto AssetCrypto TokenCrypto Liquidity PoolTokenQUBICTradingPoolswapBidCrypto Coinbase RewardOver-the-Counter OrderCrypto SwappingTakerMakerTransactionSystem TransactionStandard TransactionExternal Asset Creation TransactionUpdate Cancellation TransactionExternal Chain Creation TransactionNode Replacement TransactionNode Removal TransactionNode Addition TransactionHashlock TransactionColdspend TransactionMulti-Signature Spend TransactionMulti-Signature Address Creation TransactionPoolwithdraw TransactionPooldeposit TransactionLiquidity PoolPoolswap TransactionOpen Orders TransactionTaker Order TransactionMaker Order Claim Reward TransactionMaker Order Cancellation TransactionMaker Order TransactionOrder Address TransactionOrderbookCrosschain TransactionBurn TransactionSend TransactionVPOINTTockchain LedgerTickBlockTockchainValisVNETValidation Node OperatorConsensus Node OperatorTock RewardLiquidity ProviderParallel Transaction ProcessingTockchain EcosystemValis EcosystemTockchain ProjectTockchain NetworkTockchain ConsensusDual-Network L1Validation NetworkConsensus NetworkValidation NodeRollupTockidVUSDSpecial Transaction TypeQuantum Resistant Cold StorageTockdataTock Reward TransactionState HashFailed TransactionsQuorum SignaturesConsensus PhasesSnapshotsTXIDTockchain MiddlewareTockTocks ArrayConsensus NodeTockchain DLTAsset IDAsset Creation TransactionAsset Minting TransactionAssetArbitrageAskAtomic SwapAdvanced ReportingAverage TPSInvestorAddressCrypto TVLTVLVALISContra Revenue ItemThreshold Signature Scheme (TSS)Multi-Party Computation (MPC)Gnosis SafeSlippageCrypto SlippageRound-Trip TimeThroughputSustained ThroughputBurst ThroughputPriority TransactionsStandard TransactionsAcceptance RateLatencyQuorum FailureDatasyncqmemcAcceptance ProbabilityMajority AgreementWavesBackpressurePending ProfileDatabase Basic ViewVBOND
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