THORSwap hammers home the point: Aligned incentives are a crypto superpower
Fool me once, shame on you. Fool me twice — shame on me. Fool me three times... or four? How a community-focused project regained its footing, where others stumbled and fell. THORChain hasn’t had an easy year. After three exploits in the space of a month during the summer the protocol’s native token (RUNE) took a beating, plummeting from all-time highs over $20.00 in May to a low of around $3.50 in late July.Billed as a way to exchange crypto assets across different blockchains without an intermediary, the protocol disabled swaps completely as it looked to harden the network against....
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THORSwap users can now transact across Bitcoin, Litecoin, Binance Smart Chain and Bitcoin Cash networks. Cross-chain decentralized exchange (DEX) THORSwap appears to be on the path to recovery after the THORChain network was taken offline following major exploits just three months after entering its guarded launch.The Cosmos-powered network aims to support decentralized trades executed across different blockchain networks such as Bitcoin (BTC) and Ethereum (ETH). According to an Oct. 12 progress report, the team behind the project’s decentralized exchange THORSwap has so far restored....
An at-home bitcoin miner describes his setup, offsetting heat costs, tax incentives and his role in securing the Bitcoin network.
Bitcoin’s incentives are clear and fair, while proof-of-stake has contrasting incentives that are the same as the current system where the rich get richer.
Decentralized finance is approaching $200 billion in total value locked, with DEXs accounting for a significant share of the market. Cross-chain decentralized exchange THORSwap has concluded a $3.75 million private token sale backed by leading venture funds within the blockchain industry, offering further evidence that investors are keen to back market-ready DeFi platforms. The funding will be used by THORSwap to continue building its development and operational resources, including the launch of new products on top of THORChain, the decentralized liquidity network powering the exchange.....
One of the most amazing things about Bitcoin is how well placed the economic incentives are. How perfectly they work to keep the ecosystem flowing. Some of those incentives are so sophisticated, that it took crypto-enthusiasts a couple of cycles to really understand them. And it seems like the miners learned from the past and […]