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What is THORChain?
THORchain is an independent blockchain that is designed to function as a decentralized inter-network exchange. In other words, it is a blockchain that connects external networks to facilitate transfers between blockchains, working similarly to DEX. It was founded in 2018 to offer a short- to medium-term solution to the shortcomings of decentralized exchanges. It is based on Tendermint and Cosmos SDK and uses Tendermint BFT (Byzantine Fault Tolerance) as a consensus mechanism.
RUNE is THORchain's own token and is responsible for managing the ecosystem as it provides the necessary economic incentives to protect the network. In addition, all liquidity in the system is mapped to RUNE (e.g., BTC-RUNE or ETH-RUNE).In addition to this, THORchain nodes must meet participation criteria by contributing a certain amount of RUNE.
How to use THORChain (RUNE)
A long-term investment in RUNE with the expectation of it increasing in value. You can safely store your RUNE in Guarda Wallet.
Instantly exchange THORChain with the best RUNE exchange rates. We offer many trading pairs for THORChain trading through our exchange partners.
Guarda allows you to easily buy THORChain online and send it to anyone and anywhere with their THORChain address.
THORChain has developed a system to address the "impermanent loss" found in the DeFi area.
Receive THORChain from anyone instanteniously through your web browser, mobile phone or desktop app.
Learn more about THORChain
You can read more detailed articles about THORChain and blockchain as a whole in our Academy.
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