Altcoins News
By Dan Saada
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ThorChain (RUNE) Nodes and Network
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ThorChain is a cross-chain decentralized liquidity network. Users will be able to stake on $RUNE $BNB and more.
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THORChain recently announced the public unveiling of BEPSwap. The BEPSwap stakes BEP2 Assets and swaps between BEP2 assets.
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In the cross-chain env, THORChain should provide its own security. It makes this possible by ensuring that the nodes bond more capital than is staked.
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THORChain is looking to scale. The current limiting factor is the amount that is bonded by nodes.
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It is important to keep an eye on the FUND Cap because it increases every time the nodes bond more. The volume increases with more staking.
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Also, it has been stated that Multi-chain swap is expected around Q4 and that it will add $eth and $btc swaps, with minimal fees. It is expected to be all fun.
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Notably, THORChain are holding $1.5m in funds, and anyone can run a script to inspect its solvency all on their own.
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The community are already super proud of the THORChain core team for shipping chaosnet! Of note the network reportedly already has over $600k staked, ~1.5mUSD TVL.
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Sydney Ifergan, the crypto expert opined: “ThorChain (RUNE) sure has a bright future because in the future it is going to be a crowded need for cross-chain swaps.”
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THORNodes service the THORChain network. Initially 99 are intended to be in place. Each THORNode is made up of several independent servers in a cluster.
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Those who are looking to set up a node should do it manually, use Kubernetes, or set up via Provider, which is a feature set to come soon.
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One of the community members tweeted $RUNE will only needs 2 parameters to become a very successful investment.
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