Review on THORChain by Ogulnar Annamuhammedova

THORChain is a decentralized liquidity network enabling instant and authorization-free cross-chain asset exchanges and decentralized cross-currency financing.

Place assets in liquidity pools to receive commissions, instantly exchange assets at open market prices, borrow and lend any asset, and pay in any currency. The future is open, liquid and motivated.

Thorchain is not only a protocol, but an entire ecosystem that ultimately allows you to create an efficient and decentralized liquidity network.

THORChain will strengthen and expand the entire digital asset ecosystem; be completely independent from chains and support any asset.

THORChain does not compete with any of the existing protocols or chains. Rather, it is built to connect them all into one extremely liquid, redundant and decentralized network.

Pay with Bitcoin, instantly receive with Ethereum at the correct market price; THORChain provides a bridge protocol with the Rune token as a liquid settlement currency.

THORChain is a chain-independent protocol for dynamically scaling with assets. Proof of agreement of pBFT with chain management.

Bifrost Protocol - Scalable bidirectional bridges with any other circuit. Fast and reliable transfer of value with a choice of performance or security.

The Flash Network is a tier 2 payment channel network supporting all THORChain assets. Shared liquidity centers linked to THORChain.

Asgardex - Associated with Bitcoin, Ethereum, Binance Chain and more. Instant exchange of assets at optimal prices.

THORChain has a pretty nice set of products that they are working on.

BEP-2 swaps will allow you to instantly swap tokens like ONE, FTM, BNB, TOMO, ANKR and many more for a small fee that is paid to RUNE holders who process transactions using stakes.

Bitmax and Eterbase will integrate betting into BEPSwap directly from their exchange, allowing users to place their assets directly from the exchange in exchange for receiving commissions and receiving rewards.

Asgardex is a decentralized Exchange THORChains and, like other DEXs managed by other blockchain performance projects, is designed not only to provide a secure, anonymous way to transfer funds, but also to demonstrate the speed and flexibility of the user experience provided by Binance Chain. Asgardex will provide users with access to Bitcoin, Ethereum, Binance Chain and more.

The Bifrost protocol is the THORChains interoperability solution that will allow scalable bidirectional bridging to any other chain, along with the choice of performance or security as a preference, just as privacy chains allow users to choose how to meet both needs based on context. A great set of products that go hand in hand to power the entire ecosystem.

THORChain offers a relatively simple solution at the right time. As projects move away from the standard ERC20 protocol and explore other blockchains that better suit their needs, the need for interoperability and liquidity across networks becomes more prevalent.

While we have concerns about potential direct competitors in the near future, THORChain is not doing this right now, which is good. They are pioneers in their niche, and if they continue to collaborate and network with various crypto projects, they will ensure that it will be harder for them to compete directly when a competitor does enter that niche.