What chain is THORChain on?

THORChain represents a groundbreaking advancement in blockchain technology, designed with the Cosmos SDK and the Tendermint consensus protocol at its core. This Layer-1 blockchain stands as a testament to the evolving landscape of decentralized finance.

The primary function of THORChain is to serve as a bridge between various blockchain networks, facilitating seamless cross-chain transactions. This unique capability allows users to exchange assets from different blockchains without the need for intermediaries or centralized exchanges.

The permissionless nature of THORChain underscores its commitment to decentralization. Unlike traditional exchanges that require users to register and undergo KYC procedures, THORChain allows anyone with an internet connection to participate in the decentralized exchange (DEX) ecosystem.

The automated market maker (AMM) model employed by THORChain further enhances its functionality. This model utilizes mathematical algorithms to set prices for assets based on the liquidity available in the pool, eliminating the need for traditional order books and allowing for instant trades.

The combination of cross-chain interoperability, permissionlessness, and the AMM model makes THORChain an attractive option for those seeking to explore the decentralized finance space. It offers a more efficient and user-friendly way to trade assets across various blockchain networks.