I would call it non-custodial but your funds are held in trust by the Thorchain nodes.
What is THORChain?
THORChain is an independent blockchain that operates as a Layer 1 cross-chain decentralised exchange (DEX). Built using the Cosmos SDK, THORChain enables the exchange of assets across disparate blockchains in a non-custodial manner. THORChain is the backend for many user interfaces.
Key selling points of THORChain are:
The ability to swap Layer 1, or native, assets across multiple chains - e.g. native BTC to ETH swap.
No user-registration required - simply send a transaction and THORChain will execute it.
No wrapped assets - all assets are natively secured.
Transparent, fair prices, without relying on centralised third-parties.
Continuous Liquidity Pools that maximise the efficiency of the protocol.
I would call it non-custodial but your funds are held in trust by the Thorchain nodes.
What is THORChain?
THORChain is an independent blockchain that operates as a Layer 1 cross-chain decentralised exchange (DEX). Built using the Cosmos SDK, THORChain enables the exchange of assets across disparate blockchains in a non-custodial manner. THORChain is the backend for many user interfaces.
Key selling points of THORChain are:
The ability to swap Layer 1, or native, assets across multiple chains - e.g. native BTC to ETH swap.
No user-registration required - simply send a transaction and THORChain will execute it.
No wrapped assets - all assets are natively secured.
Transparent, fair prices, without relying on centralised third-parties.
Continuous Liquidity Pools that maximise the efficiency of the protocol.
https://docs.thorchain.org/understanding-thorchain
Very interesting, thank you for sharing.
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How many THOR chain nodes are there?
And how much power does each have?
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Posted via D.BuzzLook into the Cosmos SDK for Dex technology @nathansenn ☝️