THORChain Explained With Animations by mikedcrypto

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hive-167922 · @mikedcrypto · Apr 10 '22 (edited)

$0.75

THORChain Explained With Animations

<iframe width="560" height="315" src="https://3speak.tv/embed?v=mikedcrypto/hmvmeieb" frameborder="0"  allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

✅✅✅ TIMESTAMPS ✅✅✅

00:00 Intro
00:37 What Is THORChain
01:16 How It Works
02:21 Vaults On THORChain
03:16 Replicated State Machine
04:29 How Nodes Validate Transactions
05:00 Key Signing Ceremony
05:49 Threshold Signature Scheme
06:30 Broadcasting To The Final Network
06:55 Supported Assets
08:08 How Prices Are Determined On THORChain
09:36 Arbitrage
10:30 Fees On THORChain
10:50 Incoming TX Fee
11:06 Slip-Based Fee
12:06 Outgoing TX Fee
13:02 Synthetic Assets (Synths)
16:20 Confirmation Times
17:25 Bonding RUNE Tokens
18:15 Incentive Pendulum
19:23 Churning
20:23 Impermanent Loss Protection
21:27 RUNE Token Price And Tokenomics
22:33 THORChain News - THORFi
23:22 Phasing Out Of BNB.RUNE and ETH.RUNE
24:14 Chaosnet And Mainnet
25:04 Conclusion

👍 dagger212, smartvote, forexbrokr, cflclosers, crypto-guides, steven.defi, dwayne16, waivio.welcome, waivio.com

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@forexbrokr · Apr 6 '22

As usual, an absolute banger of an explainer!

Explaining complex topics like this in a way that regular people can understand is an art.

In saying that, I truly believe that [THORChain (RUNE)](https://leofinance.io/@crypto-guides/what-is-thorchain-rune) is going to play a key role in making crypto truly *permissionless*.

Just wait until they add Monero ;)

I've favourited and going to come back and dive a bit deeper later.

Keep up the great work!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@forexbrokr/re-mikedcrypto-2a3ob3)

👍 mikedcrypto

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@mikedcrypto · Apr 6 '22

Thanks man! I'm gonna start focusing more on these animations from now on, they take forever but they're definitely worth the effort.

One of these days it's bound to pay off 🤣

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mikedcrypto/re-forexbrokr-67lg5e)

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@hivebuzz · Apr 6 '22

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</table>

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@intellihandling · Apr 10 '22

Hi @mikedcrypto, sorry if my question is not related to the post but i saw 2 weeks ago you made a tutorial for metamask wallet and i am interested to connect hive blockchain like hive engines with metamask, do u know how to do it?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@intellihandling/re-mikedcrypto-5cxbdk)

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@mikedcrypto · Apr 10 '22

Hey, MetaMask doesn't support Hive because hive doesn't use the EVM.. hive keychain is kind of like hive's version of MetaMask.

👍 intellihandling

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@intellihandling · Apr 10 '22

So why for leofinance wallet developers can be connected to metamask?
Frankly speaking you are right, it doesn't work, but why they do not remove this nonsense botton?

![image.png](https://images.hive.blog/DQmd4vreJ9qi3SBnjBSW98b9vd9hhGL8RGyKyNSAWKh49CH/image.png)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@intellihandling/re-mikedcrypto-4fa7nh)

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@steven.defi · Apr 7 '22

2 weeks ago i wanted to dive in thorchain.Bought some rune. I saw many videos,read many articles to figure out there ecosystem. With your video i could have saved so much time.Thorchain is goinng to be BIG. Kudos for the video.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@steven.defi/re-mikedcrypto-uyzn7)

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