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A Rune Way

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matheusggr - HiveBR
@matheusggr
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2 min read

Much of what I try to learn about blockchains and social networks, I search the internet. I also read some books and documentaries. But without a doubt the internet is very accessible and fast with the cell phone.

At LeoFinance I have been reading some authors praising the ThorChain protocol for some time now.

ThorChain team has created a new architecture. Its blocks will contain a "observer" scanning data from a node of the total assets of some protocols with multiple chains such as Binance Chain, and others, adding scalability and liquidity.

THORChain describes itself as a decentralized liquidity network that allows users to swap assets instantly at manipulation-resistant market prices. Swaps are done through permissionless cross-chain liquidity pools that allow users to stake their assets to earn trading fees. Traders can monitor pool prices and earn by arbitraging back to fair market prices. Projects can reportedly stake their treasuries to give their tokens deep liquidity. - Coinmarketcap

It will build its chains of monetized data blocks, using code that works using Chaos Theory along with reading the main nodes of liquidity pools that use the Bitcoin, Ethereum, Cosmos, Polkadot and Ethereum networks.

According to Kai - Thorchain on twitter, leader of the project, the ThorChain protocol will allow observing multiple blocks in pool's and performing cross-chain swaps. He also promised that it will be an easy protocol to integrate with several others in a more effective and secure way. Including being a bitcoin crypto layer 1.

Being similar to Uniswap, without having to allocate the crypto as equivalent of the network, ex: wBtc. Directly trades bitcoin in the pool.

It is still in beta at https://chaosnet.bepswap.com/. There are still some snapshots to go to be released on the mainnet. Rune is the token of ThorChain.

A new architecture that promises more decentralization, safety and liquidity.

Is it the new date crypto of the market?

If you liked it, make your own diary too! Lets grow together! Leave it in the comments or mark me to share and vote!

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The author expresses opinions about crypto assets, but does not recommend investments, and the investor must be responsible for the investments themselves. Remember that crypto assets are high risk investments.

Posted Using LeoFinance Beta