THORChain
RUNE
Crypto
Decentralised Networks
USD 5.14+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 2018-05-08. 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://github.com/thorchain/Resources/blob/master/Whitepapers/THORChain-Whitepaper-May2020.pdfKey figures
-2.51%1Y
-17.4%3Y
5,937%5Y
Performance
5/ 51D
7/ 41M
11/ 21Y
Highs/ Lows
30.08.2022
USD 20.24
All Time High
25.41%
% of All Time High
-96.11%All Time
-76.88%1 year
Max drawdown
#64
Ranking by Market Cap
1,815.25 M
Market cap (USD)
0.00%
% of Market
900.450 B
Category Market Cap (USD)
0.20%
% of Category
416387944
Circulating Supply
344088233
Liquid Supply
82.64%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
337474384
Volume Traded
31.02%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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