The Lightning-Fast Decentralised Exchange Protocol

Powering fast and low-fee digital asset swaps; enabling instant and liquid payments.

The THORChain ecosystem is built for a singular purpose: to create a massive payment network for payment freedom. In the matured vision it will enable anyone to pay for anything in any currency, with continuous liquidity, near-instant finality and complete self-sovereignty.

THORCHAIN ECOSYSTEM

A hybrid of emerging multi-layer technologies

THORChain will enhance and augment the entire crypto-currency and digital asset ecosystem; being completely chain-agnostic with fundamentals of compatibility, performance and upgradeability.

THORChain does not compete with any existing protocol or chain. Rather it is built to connect them all in one massively liquid, redundant and decentralised network. Pay with Bitcoin, instantly receive with Ethereum at the correct market price; THORChain provides the bridging protocol with the Rune token as the liquid settlement currency.

THORChain is not a Bitcoin replacement nor is it a smart contract platform. It is simply a lightning-fast decentralised exchange protocol.

THORCHAIN

A revolutionary protocol built to secure and exchange digital assets.

  • A multi-chain protocol to dynamically scale with assets.
  • Proof-of-stake pBFT consensus with on-chain governance.
  • On-chain trading, liquidity and token generation.
  • Layer 1 cross-chain and layer 2 cross-network compatibility.
OTHERS

<4k TPS

THORCHAIN

<10k TPS

THORCHAIN + YGGDRASIL

~1m TPS

YGGDRASIL PROTOCOL

A trust-minimized highly scalable sharding solution for THORChain.

  • A novel, vertically-sharded solution for multi-chains.
  • Safe under asynchrony with byzantine resistance and optimal liveness.
  • 10k nodes to reach 180k TPS, 40k nodes for 1m TPS.
  • Optimised for atomic cross-shard digital asset trading.
OTHERS

<4K TPS

THORCHAIN

<10K TPS

THORCHAIN + YGGDRASIL

~1m TPS

BIFRÖST PROTOCOL

A fully secured cross-chain bridge protocol for THORChain.

  • Scalable, bi-directional bridges with any other chain.
  • Fast and trustless value transfer with choice of performance or security.
  • Byzantine resistant with full THORChain Network Security.
  • 100% fungibility of assets, underwritten by the protocol.

FLASH NETWORK

A Layer 2 Network for cross-network instant asset exchange.

  • A layer 2 payment channel network supporting all THORChain assets.
  • Shared liquidity hubs anchored to THORChain trustless price feeds.
  • Protocol incentives for liquidity and reliability.
  • Connections with Lightning Network and Ethereum Layer 2.

ÆSIR PROTOCOL

A self-amending governance protocol for THORChain.

  • Incentivised governance for maximum on-chain participation.
  • Supports account, state, protocol and architectural upgrades.
  • A single canonical chain-set, forkless by design.
  • Two-layer quadratic voting to avoid plutocracies and manipulation.

ASGARDEX

A lightning-fast decentralised exchange with a single global order book.

  • Self-sovereign trading with feature-parity to current top exchanges.
  • Limit and market orders with on-chain stop-loss and take-profit.
  • Deep on-chain continuous liquidity with trustless price feeds.
  • Advanced trades such as IoC, FoK, AoN, as well as peer-peer margin trading.

OTHER FEATURES

On-chain features built for useability and adoption.

  • THORChain Name Service, Account Recovery, Multi-signatures and Escrows.
  • Recurring Payments, Transaction Receipts, Payment Requests.
  • Developer Incentives, Privacy Features, FIX 4.4 Integration.
  • Token Baskets, Stablecoins, Variable Supply Tokens and Collectibles.

ROADMAP

THORChain will first deploy a deeply liquid and easy-to-use decentralised exchange, ASGARDEX, with cross-chain compatibility to create a near-perfect environment for trading. With on-chain liquidity and liquidity incentivisation strategies; a favourable trading environment will create a deep pool of liquidity with trustless price feeds.

THORChain will then deploy the ASGARD Wallet, featuring a full suite of user-friendly payment tools for mainstream adoption; such as account recovery, various payment features and on-chain account facilities, such as escrow, the Name Service and multi-signatures.

THORChain will then launch the Flash Network, anchored to the Layer 1 trustless price feeds, and with cross-network liquidity hubs for instant and reliable asset exchange across any network.

In the final phase THORChain will launch the THORPayments ecosystem; a suite of end-user tools and hardware, enabling self-sovereign and trustless payments between customers and merchants globally.

GENESIS

V0.1 | SEP 2018

MUSPELHEIM

V0.3 | Q4 2018

VANAHEIMR

V0.5 | Q2 2019

MIDGARD

V0.7 | Q3 2019

ÁFLHEIMR

V0.9 | Q1 2020

HELHEIM

V0.2 | OCT 2018

NEIFLHEIM

V0.4 | Q1 2019

JÖTUNHEIMR

V0.6 | Q2 2019

NIÐAVELLIR

V0.8 | Q4 2019

ASGARD

V1 | Q2 2020

GOVERNANCE

A public, transparent and decentralised organisation with open funding grants

  • A global, decentralised organisation that anyone can join.
  • Transparent funding with community polling.
  • Competitive development and liquidity grants available to any team or project.

TEAM

A PUBLIC AND PERMISSIONLESS TEAM THAT ANYONE CAN JOIN

MANAGEMENT

PAUL GANGEMI

Project Manager

Matt Nguyen

Management

ALAN VANTOAI

Management

Gareth Walsh

Management

Mikey

Community/p>

Josip

Norse Cosmologist

DEVELOPMENT

JAZEAR BROOKS

CS Yale
Blockchain Architect

Aidan Musnitsky

CS UoC
Developer

Philip

CS Cambridge
Developer

Cherry Shah

HBA UoWO
Developer

Jon Car-Harris

UX Lead

RESEARCH

Stefan Beyer

PHD Manchester - Chief Scientist

STRATEGY

Steven Pang

Business Strategist

Jim Shiyu Jin

Business Strategist

RUNE

THE TOKEN POWERING THE ECOSYSTEM

NETWORK SECURITY

THORChain Validators bond Rune to earn block rewards (Proof-of-Stake).
Rune holders can delegate tokens to validators to share the reward.

ON-CHAIN LIQUIDITY

Rune holders stake assets to earn liquidity fees in both Layer 1 liquidity pools and Layer 2 liquidity hubs.

ON-CHAIN GOVERNANCE

Members bond Rune to cast votes for continuous protocol governance.

*Final functionality may change depending on protocol development.