What is ThorChain? (Overview. Consensus. RUNE tokenomics)

? What is ThorChain? ThorChain, also known by the market symbol RUNE, is a decentralized cross-chain liquidity protocol designed to make trading between blockchains on decentralized exchanges as easy as on centralized ones. ThorChain's main purpose is to facilitate the seamless exchange of assets across different blockchains by eliminating the need for an intermediary and improving the liquidity of their liquidity pools compared to other decentralized exchanges. ? What makes ThorChain unique? Although ThorChain enables trading between blockchains, the way it does this is unique. When you exchange BTC for ETH on the ThorChain network, you are actually depositing BTC into their Bitcoin vault. Once the ThorChain Bitcoin vault receives your BTC deposit, it will automatically send ETH from their Ethereum vault to your ETH wallet. These vaults are essentially the wallets that enable ThorChain’s automated trading. ? RUNE Tokenomics Unlike most proof-of-stake tokens, RUNE is fundamental to the ThorChain ecosystem and is required for trading on their platform. Like most other proof-of-stake tokens, it can also be used for staking, which secures the network and brings rewards in return. There will only be 500 million RUNE tokens in total, all pre-mined, as is common with proof-of-stake tokens. ? Read more about ThorChain: https://www.iexplaincrypto.com/thorchain-explained-for-beginners/ Timestamp ⏳ 00:00 Introduction 1:03 What is ThorChain? 2:17 How does ThorChain work? 4:23 What makes ThorChain unique? 6:30 RUNE Tokenomics