Thorchain
On September 4, 2024, Thorchain successfully implemented a hard fork that significantly enhances the performance and security of its decentralized liquidity network. This upgrade is especially crucial for improving cross-chain exchanges, which allows users to swap tokens across different blockchains seamlessly.
Key highlights of the upgrade:
- The hard fork integrates Bitcoin Taproot addresses, increasing compatibility with Bitcoin transactions.
- Major improvements were made to node synchronization, particularly for handling large data transfers over 1 TB, ensuring faster operations across the network.
- Obsolete and legacy code was removed, streamlining operations and improving network efficiency.
This upgrade sets Thorchain up to handle larger transaction volumes, making it an even more attractive option for decentralized finance (DeFi) users. Keep an eye on RUNE’s performance in the coming months! 🔥
#Thorchain #RUNE #CryptoUpgrade #BlockchainNews #DeFi
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