THORChain to Upgrade Mainnet on May 1st

THORChain has announced that a mainnet upgrade to version 3.5 is scheduled to occur at block 20940000, estimated on May 1st, at 15:00 UTC. This upgrade includes the integration of TCY, which will be part of the update but will not be enabled until May 5th.

RUNE Info

THORChain is a decentralized liquidity protocol that enables users to easily exchange cryptocurrency tokens over the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically establishes prices and provides liquidity for trading.

The key feature of THORChain is its ability to facilitate secure, fast, and reliable cross-chain asset operations. This means that users can directly exchange one cryptocurrency for another, even if they exist on different blockchains.

The RUNE token in THORChain is used as collateral for validators in the network and to ensure liquidity in the liquidity pools.