THORChain (RUNE)? THORChain is a very ambitious project launch! in 2018 that aims to bring an innovative solution to one of the most challenging pro cosystem, the problem of interoperability between blockchains. This protocol is design! as a cross-chain liquidity provider that enables decentraliz! asset exchange between different blockchains, and aims to unite the fragment! structure in the crypto world and establish a seamless, secure and decentraliz! bridge between different blockchains.
To visualize THORChain’s vision more concretely, you can think of the project as a giant cosmic trading hub, where various spaceships (cryptocurrencies) from different galaxies (i.e. different blockchains) can trade, exchange, and interact freely without the ne! for any central authority and without leaving their local systems. In this cosmic trading hub, THORChain takes on the role of both architect and security guard, allowing residents of different galaxies to trade seamlessly and securely, thus creating an intergalactic economic ecosystem.
THORChain’s THORChain (RUNE)? Technological Infrastructure
THORChain’s technological infrastructure is built on the Cosmos SDK, which uses the Tendermint consensus mechanism, and on this solid foundation, a highly complex and innovative system has been creat!. At the heart of the system are continuous liquidity pools (CLP); these pools provide a dynamic source of liquidity for different crypto assets, allowing users to c level executive list exchange the assets they want at any time, and also help maintain price stability by creating arbitrage opportunities. Note: Cosmos SDK is an open-source toolkit for building application-specific blockchains. This SDK is specifically design! to build multi-asset public Proof-of-Stake (PoS) blockchains and permission! Proof-of-Authority (PoA) blockchains.
The working principle of THORChain coin
uses a special protocol call! “Bifröst” to connect what is superrare (rare coin)? different blockchains; this name, chosen by Norse mythology, represents the rainbow bridge and symbolizes the connection that THORChain establishes between different blockchains. You can think of the Bifröst protocol as a magic translator that allows people speaking different languages be numbers to communicate with each other; this extraordinary translator can translate Bitcoin’s “satoshi” language into Ethereum’s “wei” language, Binance Chain’s “BNB” language into Litecoin’s “litoshi” language, so that these different systems can communicate and transact as if they were speaking the same language.