What is THORChain?

THORChain serves as a decentralized liquidity protocol that enables cross-chain transactions by utilizing Tendermint and the Cosmos-SDK, alongside implementing Threshold Signature Schemes (TSS). Instead of relying on pegging or wrapping assets, it skillfully manages asset transfers based on user activities. The protocol diligently tracks user deposits in its vaults, performs essential operations such as swaps or liquidity modifications, and efficiently handles outgoing transactions. Functioning as a decentralized vault manager, THORChain guarantees that all operations are robust against Byzantine faults. Its primary objective is to uphold a decentralized framework, preventing any centralization or market manipulation while improving cross-chain liquidity. By securing the assets contained within its vaults, THORChain offers strong economic assurances about their safety, which enhances user trust and engagement within the ecosystem. Consequently, it strives to cultivate a more interconnected blockchain landscape, providing users with a seamless experience across different networks. This commitment to decentralization and security ultimately positions THORChain as a pivotal player in the evolution of cross-chain finance.

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Company Facts

Company Name:
THORChain
Date Founded:
2018
Company Location:
Switzerland
Company Website:
thorchain.org

Product Details

Deployment
SaaS
Training Options
Documentation Hub
Online Training
Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

THORChain Categories and Features

THORChain Customer Reviews

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  • Reviewer Name: A Verified Reviewer
    Position: President
    Has used product for: Less than 6 months
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
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    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    THORChain + Thorwallet 👏👍

    Date: Feb 22 2023
    Summary

    I think THORChain is a somewhat hidden gem. It is used by trust wallet and others when the users make back swaps from within the wallet.

    I have used Telegram to ask questions and the devs answered immediately every time.

    THORChain is all set to have a great run during the next bull run.

    Positive

    Hands down the easiest way to make swaps between tokens/cryptos from one chain to another. Plus you can place your crypto into savers vaults and earn yield that is generated by swap fees onchain.

    It is decentralized and thorwallet is noncustodial. Meaning you maintain control of you private keys. There are automated market makers on the way this year as well as zero intrest loans with no payback period. If you purchase and stake thorwallet's utility token TGT you can reduce your fees and earn staking rewards. All of this can be done with thorchain from within thorwallet or from a browser. There are other compatible wallets as well.

    By purchasing Thorchain's native token RUNE you can benifit from it's price appreciation as the liquidity pools and savers vaults fill up. As the dollar amounts increase in these pools the node operators are required to increase the amount of RUNE they hold. So the price of RUNE increases as the value of savers vaults increases.

    Thorwallet requires no KYC also. Nor does THORChain.

    Negative

    THORChain is almost perfect. Thorwallet is a bit slow to load data but the devs are apparently working on an update to make it more responsive.

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