THORchain achieves mainnet status as ‘fully functional, feature-rich protocol’
The cross-chain liquidity protocol THORchain (RUNE) has finally gained mainnet status after four years of development.
The network boasts to be “the first and only protocol that facilitates asset exchange between chains in an unauthorized, unreliable, unmanaged environment.” The THORchain team announced:
“From the start of 2018 to the present, THORChain has been primarily a research project. Mainnet will make changes to a fully functional and feature-rich protocol with a large ecosystem and a strong community.”
What does the mainnet THORchain mean?
Speaking of teams, the mainnet means more than 6 months with “no bugs, loss of money, or network instability”. Moreover, it’s not a network upgrade, it’s just a goal. The launch of the mainnet symbolizes the evolution of THORchain into a “fully functional” network.
THORChain is currently promoting “8 Key Ecosystems: BTC, ETH, BNB, DOGE, LTC, BCH, ATOM, and RUNE”. AVAX support is just around the corner. The features provided by THORchain are definitely impressive.
- Access your network via the web, mobile, or desktop. Learn more about.
- Wallets, DEX, and aggregators can integrate THORChain to provide users with native cross-chain swaps.
- Swap between Hard Layer 1 assets including Bitcoin and Ether
- Park unproductive assets and earn yields
Regarding the launch, CryptoSlate recently spoke with network validator THORchain Maximalist. He says: And the CEX category is also worth over 100 billion in the bear market … not so much in Layer 0 / Stargate / Wormhole, but these are nightmarish rugs in terms of security. THORchain Maximalist continues,
“THORchain is bullish because it is a decentralized multi-chain custodian / dex / financial services network. Currently, everything else has responsibilities and a single point of failure. About the spectrum of decentralization [THORchain] I’m also investing in other competing projects as it’s far more advanced than anything else so far. “
Climbing hurdles and risk of complexity
The validator noted the cautionary statement, stating that THORchain may struggle to gain momentum due to the scale of the competition, but this has stopped the core team from developing new features. It seems that. For those who are interested in a complete breakdown of THORchain’s capabilities, THORchain Maximalist has a set of threads available for them. Link tree.. In the concerns of THORchain Maximalist, a post from THORchain that CryptoSlate obtained early is being read.
“”Don’t worry if a transaction or LP action is unexpectedly suspended.
THORChain makes no compromises on security, stability, and decentralization. These are the most necessary requirements to provide in a white paper. This is to enable you to trade digital assets at fair market prices in a way that can withstand attacks, without a central organization. “
The security risk is “ According to the THORchain team, the complexity of the project is almost unmatched. It’s hard to claim that THORchain is very complex because there is no need for native coins, cross-chain swapping, and wrapped tokens.
An interview with Tyler, Head of Communications for Nine Realms, a team building with THORchain, will soon be held at CryptoSlate, so dig deeper into what makes THORchain different from other DEXs.
