Thor cryptocurrency, also known as THORChain, is a decentralized liquidity protocol built on the internet's blockchain infrastructure. It aims to enable cross-chain swaps and liquidity provision for various cryptocurrencies, allowing for seamless transactions and asset exchange.
THORChain operates based on a native token called RUNE, which is used for various purposes within the network. These include liquidity provision, network fees, and network governance. RUNE holders can participate in the project's decision-making process by using their tokens to vote on proposals and protocols updates.
One of THORChain's key features is the ability to facilitate cross-chain liquidity, which means users can easily swap assets between different blockchains without having to rely on centralized exchanges or intermediaries. By utilizing secure multi-party computation and threshold signatures, THORChain ensures that asset swaps are executed in a trustless and decentralized manner.
The protocol also offers liquidity pools, where users can provide their assets to earn yield through fees generated by transactions on the platform. By contributing to liquidity pools, participants can become part of the network and help facilitate smooth asset swaps.
THORChain is designed to be blockchain agnostic, meaning it can support a wide range of cryptocurrencies and blockchain networks. It aims to connect various blockchains and allow seamless transfers of assets, fostering interoperability within the decentralized finance (DeFi) ecosystem.
For those who want to download the Thor logo, we have
compiled a list of all the major cryptocurrencies in PNG and SVG format. Our collection includes logos for Bitcoin,
Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, and many more. All of them are available in PNG format. And if you
want to show support for one of the cryptocurrencies, our collection of logos is at your disposal, including
the Thor logo.