THORChain Exec on Bridging the Gap Among Blockchains

CoinDesk published this video item, entitled “THORChain Exec on Bridging the Gap Among Blockchains” – below is their description.

THORChain Technical Lead Chad Barraford discusses the network’s recent mainnet launch on seven different networks, explaining its interoperability functions. Barraford addresses securities concerns following attacks on their testnet and the difference between blockchain bridges and multichain systems.

#cryptocurrency #digitalfinance #finance #bitcoin #crypto

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CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

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About This Source - CoinDesk

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THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.

With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker).

The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain’s Sybil resistance mechanisms.

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