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Apr 2 • 11 tweets • 14 min read
#THORChain in 5 tweets ⚡️

Here are the most important things you should know about THORChain, the ultimate multi-chain DEX.

A thread 🧵👇
1. #THORChain is an Immutable, Cross-chain DEX. It’s like a multi-chain version of Uniswap. There are no custodians, and these trades are accomplished without wrapping.
2. It hasn’t been possible to trade real #bitcoin at scale in a decentralized way. THORChain is the first to direct t Suddenly it’s possible to trade #Bitcoin for #ETH in a decentralized manner.
3. #THORChain has 3 user groups: liquidity providers, traders, and THORnodes. Node Operators run THORnodes, which comprise the THORChain Node (Tendermint/Cosmos SDK), and a node for each supported chain. A node operator will thus be running a Bitcoin node, Ethereum node, etc.
4. The $RUNE token is baked into both the liquidity and provisioning of the protocol. It underpins the economic security model that allows the system to function. For each $1 of non-RUNE assets tied up in pools, $3 of $RUNE will be bonded alongside it.
5. #THORChain’s model is extremely secure. It relies on proof-of-bond. By posting bond, it keeps validating THORChain Nodes honest. THORnodes post an amount of $RUNE as bond that approaches 2x the value of all native assets in the liquidity pools.
For a full guide to #THORChain check out the 101 I wrote:
#THORChain accounts to follow:
@crypto_stevie @ChadThoreau @ConwellsClub @JaneDButterfly @THORmaximalist @THORChain @AkuRypto @itsloganshippy @RuneMaxi @GrassRootsio @crypto_magix @BitStern @THORWalletDEX @Mastermined710 @THORChadsDAO @0xSmith
RT would mean a lot!
More #THORChain accounts to follow:
@TheRuneRanger @CBarraford @CryptoVillain_ @Bull_Sander @Asian0xV @TehSlaw @NicolasFlamelX @crypto_magix @RimaSabila @THORChainLPU @Jatinkkalra @THORNOOBs @runebase_org @thorstarter @m0nkey_space @Cryptofriendlyy
RT would mean a lot!
More #THORChain accounts to follow:
@CryptoYodaGuru @Fakk2 @Jonbros01 @flyacro @CosmoGandalf @THORSwap @TusharJain_ @SpencerApplebau @DCA_Cryptoz @CryptosBatman @youssef_amrani @youssef_amrani @runebase_org @THORChainLPU @ninerealms_cap @0xSaigon
RT would mean a lot!
Hope this was insightful. I spent a lot of time writing this so a like and RT would mean a lot! I regularly post 101s and breakdowns, follow to keep up. Check out my Medium for some of my past write ups:
medium.com/@pothu

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Apr 3
#Avalanche Explained 🔥

A deep dive into the rapidly growing L1 that has positioned itself to grow exponentially 🐂

A thread 🧵👇
2. What makes #Avalanche special is its capability of launching subnets and its innovative consensus method. Subnets and #AVAX consensus make Avalanche fast and scalable. They allow Avalanche to solve the scalability trilemma. Image
3. To scale while maintaining decentralization, blockchains can expand vertically or horizontally. Avalanche scales horizontally through subnets.
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Apr 3
How to 5-10x with DeFi

Here's a guide for anybody that's just dipping their toes into DeFi.

I'm condensing countless hours & months of learning into a thread.

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Apr 3
#Chainlink in 8 tweets

Here are the most important things you need to know about Chainlink, the decentralized oracle.

A thread 🧵👇
1. Smart contracts cannot fetch external data. The only way to efficiently get data into the blockchain is for a software component called an “oracle” to input it into the blockchain. A centralized oracle would have complete control over a smart contract’s outcome. Image
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pothu Profile picture
Apr 2
Here's your intro guide to NFT taxes.

Reporting NFT taxes is daunting. A lot of people make it out to be simpler than it is too. If you’re a degen like me, then there’s a lot to report.

Here’s a thread to help you get started on NFT taxes 🧵👇
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Apr 2
#Avalanche in 10 tweets

Here are the most important things you should know about #AVAX, the blockchain that scales with subnets

A thread 🧵👇
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pothu Profile picture
Apr 1
There are too many misconceptions about $XRP.

A lot of people think $XRP and #Ripple are the same thing. Some say that $XRP is too centralized, and others think that $XRP is a banker’s coin. These statements are simple false. Let’s clear up the air around $XRP.

A thread 🧵👇
2. First and foremost, what is $XRP? In 2011, three #Bitcoin developers, developing a blockchain technology that would not that pioneered a new consensus method that would not have the PoW limitations that #BTC does. This technology was called XRP Ledger ( #XRPL).
3. They built the XRPL based on the Federated Byzantine Agreement (FBA) consensus algorithm. XRPL is an open-source, permissionless, decentralized blockchain.
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