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What is THORchain exchange?
THORChain stands as a stand-alone blockchain serving as a Layer 1 cross-chain decentralized exchange (DEX). Created using the Cosmos SDK, THORChain facilitates the exchange of assets between different blockchains without the need for a third party to hold your assets. It functions as the core infrastructure for various user interfaces.
Key features of THORChain
Native Asset Swaps: THORChain allows you to exchange native assets directly across multiple blockchain networks, such as trading Bitcoin for Ethereum without the need for intermediaries.
No User Registration: Users can make transactions on THORChain without the necessity of registering an account. Simply send a transaction, and THORChain will handle the exchange.
Native Asset Security: THORChain ensures the security of assets without the use of wrapped tokens, preserving the integrity of the original assets.
Transparent and Fair Pricing: The platform provides transparent and equitable pricing, eliminating reliance on centralized third-party entities.
Continuous Liquidity Pools: THORChain maintains liquidity pools that operate continuously, enhancing the efficiency of the exchange protocol.
