THORChain：无缝跨链加密货币交换的革命性协议

Amidst the rapid development of the crypto world, THORChain is emerging as a breakthrough that promises to revolutionize how we interact with various blockchains.

在加密世界的快速发展中，THORChain 正在成为一项突破，有望彻底改变我们与各种区块链交互的方式。

THORChain is a decentralized protocol that facilitates liquidity between blockchain platforms without requiring users to give up control of their crypto assets.

THORChain 是一种去中心化协议，可促进区块链平台之间的流动性，而不要求用户放弃对其加密资产的控制。

THORChain’s uniqueness lies in its ability to connect blockchain networks that do not normally interact with each other.

THORChain 的独特之处在于它能够连接通常不会相互交互的区块链网络。

Developed using the Cosmos SDK, THORChain enables the non-custodial exchange of assets across blockchains, laying the foundation for various user interfaces.

THORChain 使用 Cosmos SDK 开发，可实现跨区块链的非托管资产交换，为各种用户界面奠定了基础。

One of THORChain’s key features is its ability to exchange Layer 1 assets across chains, such as exchanging BTC for ETH, without requiring user registration, without the intermediation of wrapped assets, and at transparent and fair prices, without the involvement of a centralized third party.

THORChain 的关键特性之一是能够跨链交换第 1 层资产，例如将 BTC 兑换 ETH，无需用户注册，无需包装资产中介，并且价格透明公平，无需中心化第三方参与。

Basic Concept of THORChain

THORChain is a decentralized liquidity protocol that makes it easy for users to exchange crypto assets across multiple networks without losing full control of their assets.

THORChain的基本概念THORChain是一种去中心化的流动性协议，使用户可以轻松地跨多个网络交换加密资产，而不会失去对其资产的完全控制。

With the adoption of THORChain, users can easily swap crypto assets with one another without the need to rely on order books for sufficient liquidity.

通过采用 THORChain，用户可以轻松地相互交换加密资产，而无需依赖订单簿来获得足够的流动性。

RUNE, as the native utility token of the THORChain platform, incentivizes liquidity providers and accelerates crypto market access.

RUNE作为THORChain平台的原生实用代币，可以激励流动性提供者并加速加密货币市场准入。

RUNE is a utility token introduced by THORChain that allows users to engage in the network and is used as a swap or gas fee payment for RUNE pairs.

RUNE 是 THORChain 推出的一种实用代币，允许用户参与网络，并用作 RUNE 对的交换或汽油费支付。

In the THORChain ecosystem, RUNE plays a key role in four main aspects, namely as a settlement asset for all pools, for maintaining network security, for governance, and as an incentive.

在THORChain生态中，RUNE主要在四个方面发挥着关键作用，即作为所有矿池的结算资产、维护网络安全、治理和激励。

To ensure the existence of each pool with 50% RUNE pairs, RUNE tokens are required in a 1:1 ratio to the assets being pooled, regardless of how they are added or withdrawn.

为了确保每个池子中存在 50% RUNE 对，RUNE 代币需要与池内资产的比例为 1:1，无论它们如何添加或提取。

In addition, RUNE is also required to allow Node Operators to provide security for the network, with economic incentives to support the network’s best interests.

此外，RUNE还需要允许节点运营商为网络提供安全性，并通过经济激励来支持网络的最大利益。

Advantages of THORChain

THORChain的优势

THORChain has various advantages that are important to know, including the following:

THORChain 具有多种必须了解的优势，包括以下内容：

Security

Remember that THORChain ensures security in the exchange of assets by using various mechanisms, including Byzantine Fault Tolerance (BFT) consensus and multi-signature technology.

安全性请记住，THORChain 通过使用各种机制来确保资产交换的安全性，包括拜占庭容错（BFT）共识和多重签名技术。

Each transaction is verified by a decentralized network of nodes, reducing the risk of manipulation or attacks.

每笔交易均由去中心化的节点网络进行验证，从而降低了操纵或攻击的风险。

Decentralization

Decentralization is important in THORChain’s operation, as it eliminates single points of failure and avoids dependence on centralized entities.

去中心化在 THORChain 的运营中非常重要，因为它消除了单点故障并避免了对中心化实体的依赖。

With a widespread network of nodes, stakeholders make decisions collectively, thus maintaining the system’s integrity.

通过广泛的节点网络，利益相关者集体做出决策，从而维护系统的完整性。

Speed and Efficiency

THORChain optimizes the speed and efficiency of asset exchange by using technologies such as cross-chain atomic swaps.

速度和效率THORChain通过使用跨链原子交换等技术优化资产交换的速度和效率。

This enables the direct exchange of assets between blockchains without involving third parties or lengthy processes, thereby speeding up the exchange process and significantly reducing transaction costs.

这使得区块链之间可以直接进行资产交换，无需涉及第三方或冗长的流程，从而加快交换过程并显着降低交易成本。

In addition, the use of intelligent routing algorithms helps ensure that each transaction is completed quickly and efficiently through the best available path.

此外，智能路由算法的使用有助于确保每笔交易通过最佳可用路径快速高效地完成。

THORChain Working Mechanism

THORChain uses a Continuous Lending Pool protocol that enables cross-chain crypto token exchange. It stores all non-native cryptos supported by THORChain into a liquidity pool with THORChain’s native asset, RUNE.

THORChain 工作机制THORChain 使用连续借贷池协议来实现跨链加密代币交换。它将 THORChain 支持的所有非原生加密货币与 THORChain 的原生资产 RUNE 一起存储到流动性池中。

The network model releases tokens from it for cross-chain exchange. In THORChain’s mechanism, whenever a user initiates a cross-chain exchange or an exchange between two non-native crypto assets, the protocol system on THORChain automatically converts that particular token into RUNE.

网络模型从中释放代币进行跨链交换。在 THORChain 的机制中，每当用户发起跨链交换或两个非原生加密资产之间的交换时，THORChain 上的协议系统会自动将该特定代币转换为 RUNE。

Then, the system again exchanges RUNE for the tokens that the user is entitled to receive in return. Essentially, the THORChain protocol offers instant double exchange through a non-custodial approach.

然后，系统再次用 RUNE 交换用户有权收到的代币。本质上，THORChain 协议通过非托管方式提供即时双重交换。

THORChain adopts a Proof of Stake consensus mechanism where staking of RUNE tokens is required to ensure the reliability of the overall system.

THORChain采用权益证明共识机制，需要质押RUNE代币以确保整个系统的可靠性。

It allows users to earn proceeds based on deposits into the network’s liquidity pool.

它允许用户通过存入网络流动资金池来赚取收益。

These deposited amounts are available to other users who may need loans. The THORChain network also incentivizes nodes to validate exchanges. There are approximately 100 to 300 validator spots on THORChain.

这些存入的金额可供其他可能需要贷款的用户使用。 THORChain 网络还激励节点验证交换。 THORChain 上大约有 100 到 300 个验证节点。

Interested validators need to bond at least 1 million RUNE to get a validator spot. These nodes are hosted with an additional security layer to prevent potential network issues.

有兴趣的验证者需要抵押至少 100 万个 RUNE 才能获得验证者席位。这些节点托管有额外的安全层，以防止潜在的网络问题。

THORChain Use Cases

Below are some of the ecosystems that exist within THORChain, including the following:

THORChain 使用案例下面是 THORChain 中存在的一些生态系统，包括：

ASGARDEX

This is a free standalone desktop application that implements a THORChain-based decentralized exchange.

ASGARDEX这是一个免费的独立桌面应用程序，实现了基于THORChain的去中心化交易。

As a single open-source code platform, ASGARDEX acts as a reference for a number of developers who contribute to this ecosystem.

作为一个单一的开源代码平台，ASGARDEX 为许多为这个生态系统做出贡献的开发人员提供了参考。

THORSwap

THORSwap is a cross-chain DEX aggregator platform developed on top of the THORChain cross-chain liquidity protocol. THORSwap plays an important role as the main interface for various services in the THORChain ecosystem, including THORNames and synthetic assets.

THORSwapTHORSwap 是一个在 THORChain 跨链流动性协议之上开发的跨链 DEX 聚合平台。 THORSwap 作为 THORChain 生态系统中各种服务（包括 THORNames 和合成资产）的主要接口发挥着重要作用。

XDEFI

A multi-chain wallet allows users to securely store, exchange, and transmit crypto and NFTs across 14 blockchains.

XDEFIA 多链钱包允许用户跨 14 个区块链安全地存储、交换和传输加密货币和 NFT。

ThorWallet

It is a non-custodial mobile DeFi wallet equipped with cross-chain DEX integration. Users can easily exchange native tokens, manage liquidity positions on THORChain, exchange fiat currencies, and perform various other functions.

ThorWallet是一款配备跨链DEX集成的非托管移动DeFi钱包。用户可以轻松兑换原生代币、管理 THORChain 上的流动性头寸、兑换法定货币以及执行各种其他功能。

ShapeShift DAO

A pioneering proprietary platform for digital asset trading. The open-source platform empowers users to securely buy, store, trade, and invest in digital assets. It increases access to an open and decentralized financial system.

ShapeShift DAOA 开创性的数字资产交易专有平台。该开源平台使用户能够安全地购买、存储、交易和投资数字资产。它增加了开放和去中心化金融系统的访问权限。

Rango Exchange

A powerful multi-chain DEX and bridge aggregator focused on affordability and support for major blockchains.

Rango Exchange 一个强大的多链 DEX 和桥梁聚合器，专注于可负担性和对主要区块链的支持。

Rango supports over a dozen blockchains, over 12 bridges/DEX, and 7 different wallets with a modern user interface (UI/UX).

Rango 支持十多个区块链、超过 12 个桥/DEX 以及 7 个具有现代用户界面 (UI/UX) 的不同钱包。

Defispot

Defispot is an all-in-one multi-chain DEX (Decentralized Exchange) developed on top of THORChain. Defispot offers all users the ease of use of DeFi by providing a traditional user interface (UI/UX) – a DEX disguised as a CEX (Centralized Exchange).

DefispotDefispot是一款在THORChain之上开发的一体化多链DEX（去中心化交易所）。 Defispot 通过提供传统的用户界面（UI/UX）——伪装成 CEX（中心化交易所）的 DEX，为所有用户提供 DeFi 的易用性。

Decentralfi

A decentralized exchange built on THORChain. With the help of a slippage optimization bot called Slippy, Decentralfi advises users to split large trades to optimize exchange fees.

Decentralfi基于 THORChain 的去中心化交易所。在名为 Slippy 的滑点优化机器人的帮助下，Decentralfi 建议用户分拆大额交易以优化交易费用。

Lends (formerly known as Lendscape)

It is a decentralized exchange that uses THORChain and has plans to support lending services.

Lends（原名 Lendscape）是一个使用 THORChain 的去中心化交易所，并计划支持借贷服务。

0xVentures

A DAO that acts as an investment fund with the sole purpose of investing in projects that disrupt specific sectors, with a focus on integration with blockchain and the community.

0xVenturesA DAO 作为投资基金，其唯一目的是投资颠覆特定行业的项目，重点是与区块链和社区的整合。

THORChads DAO

THORChads DAO is an incentive program and hub for the THORChads Metaverse, where the community can enjoy various creative projects such as NFTs, product launches, IDO access, and games.

THORChads DAOTHORChads DAO 是 THORChads Metaverse 的激励计划和中心，社区可以在这里享受各种创意项目，例如 NFT、产品发布、IDO 访问和游戏。

Through THORChads.com, the platform acts as a creative launchpad supporting new community projects.

通过 THORChads.com，该平台充当支持新社区项目的创意启动板。

ThorGuards

A community center for THORChain that integrates ecosystem partners and highlights its characteristics. The 3D art uniquely blends Norse mythology and Viking elements with cyberpunk aesthetics and accents.

ThorGuards是THORChain的社区中心，整合生态合作伙伴并突出其特色。 3D 艺术独特地将北欧神话和维京元素与赛博朋克美学和口音融为一体。

Vanir Threads

A platform that creates NFTs that can be exchanged for handmade physical collectibles, combining the digital world with the uniqueness of real collectibles.

Vanir Threads是一个创建可兑换手工实物收藏品的NFT的平台，将数字世界与真实收藏品的独特性相结合。

Immunefi

A third-party bug bounty provider for THORChain that encourages vulnerability reporting by rewarding responsible disclosure and strengthening network security.

Immunefi THORChain 的第三方漏洞赏金提供商，通过奖励负责任的披露和加强网络安全来鼓励漏洞报告。

Thorstarter

This multi-chain IDO and DAO Venture platform combines a unique launch model with liquidity provisioning to incubate, fund, and launch the most promising projects within DeFi, accelerating innovation within the ecosystem.

Thorstarter这个多链 IDO 和 DAO Venture 平台将独特的启动模式与流动性供应相结合，以孵化、资助和启动 DeFi 中最有前途的项目，加速生态系统内的创新。

THORChain allows users to easily access a wide range of digital assets through a Continuous Liquidity Pool protocol that ensures cross-chain liquidity availability.

THORChain 允许用户通过连续流动性池协议轻松访问各种数字资产，确保跨链流动性可用性。

As such, users can quickly and efficiently exchange digital assets without going through complicated processes or depending on one particular blockchain. It enables broader and more flexible access to various digital assets across the blockchain ecosystem.

因此，用户可以快速有效地交换数字资产，而无需经过复杂的流程或依赖于特定的区块链。它可以更广泛、更灵活地访问区块链生态系统中的各种数字资产。

Challenges and Solutions

Despite facing inevitable challenges, such as security risks and competition with other decentralized exchange platforms, THORChain continues to bring remarkable innovations.

挑战与解决方案尽管面临着不可避免的挑战，例如安全风险和与其他去中心化交易平台的竞争，THORChain继续带来卓越的创新。

Although most team members remain anonymous, THORChain has shown success since its multi-chain “chaosnet” launched in April 2021.

尽管大多数团队成员仍保持匿名，但 THORChain 自 2021 年 4 月推出多链“chaosnet”以来已取得了成功。

By providing incentives to liquidity providers, protection from temporary losses, and cross-chain support, the platform opens the door to a more decentralized and efficient future of crypto asset trading.

通过向流动性提供者提供激励、防止暂时损失以及跨链支持，该平台为加密资产交易更加去中心化和高效的未来打开了大门。

As a key part of the blockchain evolution, THORChain is leading the way in addressing cross-network liquidity challenges and providing a robust solution for asset exchange in the new era of blockchain.

作为区块链演进的关键部分，THORChain 正在引领解决跨网络流动性挑战，并为区块链新时代的资产交换提供稳健的解决方案。

The Future of THORChain

THORChain的未来

THORChain’s core function empowers a cross-chain liquidity network. However, THORChain’s protocol architecture enables many benefits beyond multi-chain asset exchange.

THORChain的核心功能赋能跨链流动性网络。然而，THORChain 的协议架构还具有多链资产交换之外的许多好处。

For example, the platform offers self-pay loans, composites, synthetics, and more.

例如，该平台提供自付贷款、综合贷款、合成贷款等。

The network plans to announce a multi-chain mainnet on THORChain and a series of “ThorFi” products for better user experience.

该网络计划在 THORChain 上发布多链主网以及一系列“ThorFi”产品，以提供更好的用户体验。

THORChain also offers a robust range of tools created and tested by a core team of developers that aim to provide developers with reliable resources.

THORChain 还提供由核心开发团队创建和测试的一系列强大工具，旨在为开发人员提供可靠的资源。

These tools range from THORSTARTER, THORChain Explorer, THORCHADS, and more. With these benefits, THORChain ranks among the most superior blockchain networks.

这些工具包括 THORSTARTER、THORChain Explorer、THORCHADS 等。凭借这些优势，THORChain 跻身最优秀的区块链网络之列。

Conclusion

To conclude, THORChain is a decentralized network protocol that plays an important role in the blockchain ecosystem. Using the Continuous Liquidity Pool, THORChain facilitates direct and secure cross-chain asset exchanges.

结论总而言之，THORChain 是一种去中心化网络协议，在区块链生态系统中发挥着重要作用。 THORChain 利用持续流动性池，促进直接、安全的跨链资产交换。

THORChain’s presence provides easy and fast access for users to exchange digital assets and provides great benefits in connecting various blockchains.

THORChain的出现为用户提供了轻松快捷地交换数字资产的途径，并为连接各种区块链提供了巨大的好处。

As a protocol that enables asset exchange without going through a third party, THORChain strengthens security and speeds up the exchange process. This is crucial in overcoming the cross-network liquidity challenges that have been bottlenecks in the blockchain ecosystem.

作为一种无需通过第三方即可实现资产交换的协议，THORChain 增强了安全性并加快了交换过程。这对于克服区块链生态系统中的瓶颈跨网络流动性挑战至关重要。

As such, THORChain facilitates the exchange of assets and plays a significant role in accelerating the evolution and widespread adoption of blockchain technology.

因此，THORChain 促进了资产交换，并在加速区块链技术的发展和广泛采用方面发挥着重要作用。

Now, you understand what THORChain is, from its definition to its shortcomings.

现在，您了解了 THORChain 是什么，从它的定义到它的缺点。

In addition, you can also read various collections of interesting articles about blockchain technology only on INDODAX Academy.

此外，您还可以阅读INDODAX Academy独有的各种关于区块链技术的有趣文章合集。

To deepen your knowledge about blockchain technology, you are advised to read various interesting articles available on INDODAX Academy.

为了加深您对区块链技术的了解，建议您阅读 INDODAX Academy 上提供的各种有趣的文章。

Through various general materials related to blockchain and crypto assets, INDODAX Academy presents comprehensive knowledge, from basic concepts to in-depth aspects.

通过与区块链和加密资产相关的各种通用材料，INDODAX Academy 呈现从基本概念到深入的全面知识。

By reading the articles in INDODAX Academy, you will hopefully better understand the world of NFTs and crypto assets as a whole.

通过阅读 INDODAX Academy 中的文章，您有望更好地了解 NFT 和整个加密资产的世界。

Let’s continue to improve your understanding of blockchain and crypto assets only on INDODAX Academy!

让我们在 INDODAX Academy 上继续提高您对区块链和加密资产的理解！