The interoperability of blockchains is undoubtedly one of the most important sectors in the field of cryptocurrencies. This is a development that will leave an indelible mark on the year 2021. It only just begun, and a problem whose resolution is required for the universe’s wider acceptance. The THORChain (RUNE) project provides an innovative and functional solution in this domain.
Creating effective cryptocurrency projects isn’t enough to make adoption appear out of nowhere. Even if the significant profits that this universe allows for help a little (a lot), the stakes are elsewhere. More specifically, it is found in solutions that allow for the creation of a functional link between these various digital assets. The latter had previously been strongly isolated on their respective blockchains.
A necessity that resulted in the development of numerous formulas classified as cross-chain or multichain. People can carry out operations regardless of the blockchain’s entry and exit points. What this amounts to is the ability to connect two blockchains that are fundamentally incompatible in order to achieve a secure transfer of value. What the THORChain project is attempting to accomplish
This is a work in progress. Its final significant step is the official launch of its testnet at the beginning of this month of February. A multichain solution that, on paper, supports not only the Bitcoin networks but also Ethereum, Binance Chain, Litecoin (LTC), and Bitcoin Cash (BCH). The first three are available immediately, and the remaining two will be available soon. Be careful not to confuse BNB’s Binance Chain (BEP2) with the currently popular Binance Smart Chain (BEP20).
What is Asgardex Platform?
The Asgardex platform, which is still in beta testing, is a type of parallel network in the form of a gateway. But, don’t worry, Multicoin Capital, has just announced that it has taken a large position. Multicoin Capital is a venture capital investment structure in the cryptocurrency field. Making a large purchase of his cryptocurrency, RUNE, accomplishes this without specifying the exact amount.
This is an opportunity for this investment structure to publish a comprehensive and very interesting report on the THORChain project. Emphasizing the enormous potential that this offer offers traders accomplishes the project.
A utility token dedicated not only to its proper operation but also to the management of the liquidity pools required for its implementation. A project fueled by the RUNE cryptocurrency. All this is in keeping with the website’s motto. It states that its usefulness will create its value, and its value will be the strength of its ecosystem.
And, for the time being, success appears to be in sight. This is with the RUNE cryptocurrency, which has performed well since its initial public offering in July 2019. That is a more than 22,000 percent increase over this time period. His most recent ATH rising from $0.025 to more than $5.60 just a few hours ago.
Because it is still in the testing phase, the project is obviously risky. This can make the investment extremely appealing or extremely risky. However, it appears that investors who have fallen in love with Multicoin Capital’s risky trades have already decided.
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