Review on THORChain by Syed Adnan
It provide a deeply liquid, trustless, secure and decentralized liquidity network.
The fact that they are tackling several issues of a promising, emerging and still ever-growing market which is valued in the hundreds of billions, a significant upside potential is definitely existing for it, even if they will just get a tiny share of the overall market size.
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Pros
- Proof of Stake of RUNE tokens in order to incentivize holders for validating the network.
- Staking on-chain in order to provide liquidity and earn liquidity fees in return.
- It could solve liquidity issues without relying on any third parties like centralized exchanges and is thus completely trustless
- Its multi-chain protocol is unprecedented approach, which could ultimately solve the liquidity issue of the whole market by supporting swaps of any existing currencies with each other.
- It is going to work and will be adopted by the masses, which is highly incentivized by the protocol, it could eventually remove a significant portion of the volatility of todayโs market, which in turn would lead to a more stable price equilibrium.
Cons
- The team has become somewhat anonymous and it's great, but I understand that some people can seriously consider the team's history when making investment decisions.
