Thorchain RUNE Crypto Explained
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THORChain is an independent blockchain that operates as a Layer 1 cross-chain decentralised exchange (DEX). Built using the Cosmos SDK, THORChain enables the exchange of assets across disparate blockchains in a non-custodial manner. THORChain is the backend for many user interfaces.
- Key selling points of THORChain are:
- The ability to swap Layer 1, or native, assets across multiple chains - e.g. native BTC to ETH swap.
- No user-registration required - simply send a transaction and THORChain will execute it.
- No wrapped assets - all assets are natively secured.
- Transparent, fair prices, without relying on centralised third-parties.
- Continuous Liquidity Pools that maximise the efficiency of the protocol.
Nothing here is financial advice, purely educational content.
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