thorchain

THORChain is a decentralized cross-chain liquidity protocol. which enables traders to exchange various cryptocurrency assets across a wide range of networks without losing full custody of their assets in the process. As per the official confirmation, the network has no organizational hierarchy. Instead, the in-network decisions are made via Gitlab, with nodes as the deciders. 

• Founded: 2018
• Headquarters: Zug, Switzerland

Key Features: 

• The THORChain ecosystem has its own native token, RUNE that is used to pay transaction fees and in governance and security. 
• The token is available across multiple blockchains, including Ethereum as an ERC-20 token and the Binance chain as a BEP-20 token. 
• To secure transactions it relies on a network of decentralized nodes.
• Allows users to maintain control over their assets throughout the swapping process.

FAQs

1. What security measures have been implemented by THORChain?

Unauthorized transaction detection, automatic trading halting, confirmation counting, node monitoring and churning, and security event monitoring.

2. What are Continuous Liquidity Pools (CPLs)?

CPLs ensure automated pricing and constant liquidity that eliminates the need for traditional order books.