DeFi Project Thorchain Back Online, Lifting Token 18%

[RSRS]

Thorchain, a cross-chain decentralized exchange (DEX), is back in the game again after the team spent several weeks making the network more secure and resistant to malicious attacks.

Built on the Cosmos SDK, Thorchain is a protocol that aims to offer cross-chain liquidity by enabling the non-custodial trading of cryptocurrencies across different kinds of blockchains.

Thorchain’s cross-chain feature is called “Chaosnet” and was released on mainnet in April. It allows users to swap Bitcoin for Ethereum, two non-compatible blockchains, without a centralized intermediary like Coinbase.

Despite its promise, the hasty launch of Chaosnet led to two multi-million dollar hacking incidents that resulted in RUNE’s price plummeting below $4.

'Critical Issues' With Thorchain After 2nd Hack in a Week

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