Many new projects claiming "cross-chain".
To cut thru the noise, ask these questions:
1) Are the assets wrapped or pegged?
If they are wrapped/pegged, the project is out-sourcing security to another protocol.
THORChain secures native assets.
To cut thru the noise, ask these questions:
1) Are the assets wrapped or pegged?
If they are wrapped/pegged, the project is out-sourcing security to another protocol.
THORChain secures native assets.
2) Is the security model scalable?
If the security model is "proof of stake" but does not couple the security of vaulted assets with their value, then the protocol can become unsafe.
THORChain uses an Incentive Pendulum - which is scalable and autonomous.
If the security model is "proof of stake" but does not couple the security of vaulted assets with their value, then the protocol can become unsafe.
THORChain uses an Incentive Pendulum - which is scalable and autonomous.
3) Does the protocol use Atomic Swaps?
Atomic Swaps are a deal-breaker for incentivised liquidity pools, since Atomic Swaps cannot be pooled or incentivised, and is vulnerable to the "American Call Option"
THORChain uses always-on pooled liquidity.
Atomic Swaps are a deal-breaker for incentivised liquidity pools, since Atomic Swaps cannot be pooled or incentivised, and is vulnerable to the "American Call Option"
THORChain uses always-on pooled liquidity.
4) Does the chain use multi-sig or esoteric smart contracts as vaults?
Any variant of multi-sig does not allow the protocol to be chain-agnostic. It may work well for 1-2 chains, but is limited in committee size and not scalable for many chains.
THORChain uses TSS
Any variant of multi-sig does not allow the protocol to be chain-agnostic. It may work well for 1-2 chains, but is limited in committee size and not scalable for many chains.
THORChain uses TSS
5) Does the chain aggressively churn its validators?
If there is no churning scheme (rotating out old validators regularly), then the chain can be captured and is not secure.
THORChain churns validators every 3 days.
If there is no churning scheme (rotating out old validators regularly), then the chain can be captured and is not secure.
THORChain churns validators every 3 days.
6) Does the chain support delegation?
Any presence of delegation is a deal-breaker. Nodes can acquire capital they didn't pay for and steal assets. Don't accept delegated PoS protocols to secure assets.
THORChain uses Proof-Of-Bond with no ability to delegate.
Any presence of delegation is a deal-breaker. Nodes can acquire capital they didn't pay for and steal assets. Don't accept delegated PoS protocols to secure assets.
THORChain uses Proof-Of-Bond with no ability to delegate.
7) Does the team encourage anonymity?
Virtue-signalling founders or branded public nodes leads to capture, collusion and subjectivity.
THORChain aggressively targets anon nodes with no support for branding or signalling.
Virtue-signalling founders or branded public nodes leads to capture, collusion and subjectivity.
THORChain aggressively targets anon nodes with no support for branding or signalling.
8) Does the protocol pursue minimal governance?
Heavy governance results in a death of a thousand cuts.
THORChain has very little on-chain governance, and version updates are done as opt-in only.
Heavy governance results in a death of a thousand cuts.
THORChain has very little on-chain governance, and version updates are done as opt-in only.
THORChain is extremely well-designed as a holistic system to be safe, secure, scalable, chain-agnostic, asset-nuetral and transaction-indifferent.
Don't accept anything less from the exchange of the future.
THORChain's software is open-source, you're welcome to use it.
$RUNE
Don't accept anything less from the exchange of the future.
THORChain's software is open-source, you're welcome to use it.
$RUNE
