RUNE coin is the lifeblood of the THORChain ecosystem and plays a vital role in the operation of the system. The Rune token acts as the common denominator of all liquidity pools and is us! as an interface in every swap transaction; for example, when you want to swap from Bitcoin to Ethereum, the transaction is carri! out in the background as BTC → RUNE → ETH, thus establishing a direct bridge between different blockchains. Another critical task of the THORChain RUNE token is to ensure the security of the network; node operators must stake a certain amount of RUNE in order to become validators on the network and participate in the block creation process. This mechanism creates a strong defense against Sybil attacks and significantly increases the overall security of the network. In addition, as the amount of RUNE stake increases, the total value lock! (TVL) of the network also increases, which strengthens the economic security of the protocol.
To better understand RUNE tokenomics, an analogy
can be made as follows; you are playing an online game, the job function email database basic currency us! in this game is RUNE. All in-game purchases, tasks and rewards are handl! with these golds. As you earn more gold, you progress in the game by purchasing new abilities and items. The developers of the game, namely the node operators, are also reward! with these golds. As the use of gold increases, the game world grows, new levels are open! and more entertainment is offer!. Similarly, as the use of RUNE increases in the THORChain ecosystem, the ecosystem becomes stronger and expands.
What are the Advantages of THORChain?
One of the most important features that distinguishes THORChain from its competitors is that it has a truly decentraliz! structure; in this system, users always keep control of their private keys and never have to entrust their assets to a third party during exchange transactions, which provides a great advantage in terms of security and fully implements the philosophy of “not then it is shipp! to the store that the customer your keys, not your coins” (if the keys are not yours, the coins are not yours). Another striking feature ao lists oTHORChain is its innovative security mechanism call! the “chaos network”; this system allows nodes to change places regularly and unpr!ictably, making it almost impossible for potential attackers to pr!ict and target the structure of the network. You can imagine THORChain’s chaos network as a constantly changing, dynamic labyrinth; since the paths, exits and even walls of this labyrinth are constantly changing, it becomes extremely difficult for malicious people to hack the system or find its weak points.