THORChain is an open-sourced decentralized cross-chain exchange that is bringing L1 Bitcoin to Defi. This is achieved without wrapping or atomic swaps, just dealing with native L1 assets. Open to collaboration in advancing native Bitcoin within DeFi.

For those who are new, THORChain (RUNE) cryptocurrency is the native digital currency of the THORChain network. THORChain makes it possible for investors to earn yield by depositing assets into liquidity pools.  The network is absolutely autonomous; however, the network fell a victim to a recent hack that took THORChain offline for a certain period.   Those who are starting off with investing should learn about the RUNE crypto token price, how and where to buy the altcoin, and plus its ticker symbol.

Those unfamiliar with THORChain and, most importantly, THORWallet should check the latest AMA. Those who are ready to showcase their knowledge will be eligible for a chance to win 5 x $100 in TGT.  THORChain has already built the first DEX that trades layer1 Bitcoin.

Community response:  Been here since the initial XRUNE airdrop that was never sent and was used as following the bait.  Someone clarified, THORStarter and THORWallet are not the same company.

With all the new auditors and white hats on the code, it’s not surprising to see mainnet being moved up on the timeline. The whole reason for chaos net was to test the bugs, and now post hack, with the auditors/white-hats, I’d imagine there’s been WAY more testing than before.

Should I HODL my RUNE, or has the time come to goodbye? Thoughts.

How will you deal with KYC/AML laws? You could be setting yourself up for a major fight with the US government.  Entities exchanging fiat for crypto will have to comply with KYC/AML laws, yes. We are going to be focused on a decentralized identity solution to that end.

This is great news.  With the plenty of unstable and corrupt centralized exchanges, we need more decentralized ones—best of luck, Jack.  I hope the development goes well.

The first step for a decentralized exchange is native Bitcoin swaps to other assets. That’s now live. This is a big deal because, users can do trustless BTC swaps to stablecoins, derivatives, perpetual, and other crypto assets. All by pure Bitcoin transactions on the main BTC chain. Users can purchase any digital assets (like NFTs and decentralized domains).

Wrapped BTC is not Bitcoin, and many Bitcoiners don’t trust the security and decentralization of alt blockchains. Centralized exchanges require KYC (privacy concern) and have counterparty risk of custody of your Bitcoin. All that changes now.