Cross-chain swap protocol Thorchain back online after 20-hour outage

Cross-chain swap protocol Thorchain is back online after a software error halted the network for 20 hours. The post Cross-chain swap protocol Thorchain back online after 20-hour outage appeared first on The Block.

Timeline of Thorchain

THORChain (RUNE/USD) was halted on October 27, 2022, due to a software bug. THORChain, a blockchain network built on top of Cosmos (ATOM/USD), is essentially a decentralized liquidity protocol that allows users to trade cryptocurrencies across multiple networks in a non-custodial way.

THORChain, a cross-chain platform for token swaps and bridging, has halted its chain. The post THORChain halts its platform due to an unknown bug, no issues of insolvency reported appeared first on The Block.

The cryptocurrency market has had quiet weeks in the past due to the majority of altcoins and big cryptocurrencies like Bitcoin (BTC) continuing to move in a range. With altcoins like Thorchain (RUNE) rebounding from their lows with strong hopes of a rise given the recent trend change, the month appears bright.

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In this article, we will talk about how to participate in the liquidity pool of ThorChain, what impermanent loss is, what are liquidity pools, and much more. Let's take a look at it in more detail.

THORChain is gearing for a 20% climb before the next correction as the price of THORChain (RUNE) has increased by 8.12% over the last two days. Amazingly, the RUNE price continues to rise while breaking through the rising parallel channel pattern.

Cross-chain exchange THORChain (RUNE) price registers a gain of 8.12% seen in the past two days. Amazingly, RUNE price maintains its bullish streak as it sprints above the rising parallel channel pattern.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. RUNE saw a convincing reversal from the 23.6% Fibonacci level over the last day.

RUNE coin pumps 18% as ThorChain deactivated the non-native tokens option and the variants based on BEP-2 and ERC-20 are being swapped out for the native coin after the mainnet launch last month so let's read more today in our latest altcoin news.