THORChain
RUNE
Crypto
Decentralised Networks
USD 0.52+0.69%
THORChain
UMushroom community rating:
About
Decentralised Networks
Categoryn/a
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2018
Year of creation
Description
THORChain (RUNE) is a Decentralised Networks crypto coin. THORChain`s origin block was generated on 2018-05-01. More information can be found at https://thorchain.org/.
Key Technical Advantages:
Consensus through replicated state machines: The network uses a replicated state machine serviced by multiple nodes to observe user deposits on connected chains, achieving consensus on inbound transactions and processing asset exchange logic. Anonymous node participation and churning: The network is serviced by anonymous nodes that bond a certain amount of the network's asset and are continuously churned to ensure liveness and prevent capture. Vault creation with virtual private keys: Nodes participate in continuous key-generation ceremonies to create vaults with virtual private keys, which they use to monitor external networks like Bitcoin and Ethereum. Liquidity pools and automated market-makers: Instead of order books, the network employs liquidity pools that function as automated market-makers, enabling precise, continuous, and always-on liquidity. Fees ensure market-makers are compensated for providing liquidity. Security through bonded and staked capital: The network's security is maintained by bonding capital into the system, preventing sybil attacks and ensuring bonded capital is always a multiple of pooled capital. The network is most optimal when 2/3rds of the native network asset is bonded and 1/3rd is staked, at which point all assets can be underwritten. Content summarized by AI chatbotSource:
https://docs.thorchain.org/Key figures
-61.4%1Y
-67.9%3Y
-94.4%5Y
Performance
0/ 01D
0/ 01M
1/ 01Y
Highs/ Lows
30.08.2022
USD 20.24
All Time High
2.55%
% of All Time High
-98.53%All Time
-78.38%1 year
Max drawdown
#140
Ranking by Market Cap
168.49 M
Market cap (USD)
0.00%
% of Market
481.157 B
Category Market Cap (USD)
0.04%
% of Category
353941905
Circulating Supply
328660834
Liquid Supply
92.86%
Liquid/ Circulating Supply
354196525
Max Supply
99.93%
Circulating/ Max Supply
4952776
Volume Traded
2.71%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
4.00
Innovation:
5.00
Society:
5.00
Nature:
4.00
Daniel Hornby
A beat down crypto that has been through scandals and a lending crisis earlier this year. But, major reforms are ongoing and Thorchain is still the only decentralised exchange that enables people to move crypto across different blockchains and networks without using wrapped tokens.
RECOMMENDED CRYPTOS
