THORSwap relaunches cross-chain trading on four of five networks
Cross-chain decentralized exchange (DEX) THORSwap appears to be on the path to recovery after the THORChain network was taken offline following major exploits just three months after entering its guarded launch. The Cosmos-powered network aims to support decentralized trades executed across different blockchain networks such as Bitcoin and Ethereum. According to a Tuesday progress report, the team behind the project’s DEX, THORSwap, has so far restored functionality for four of the five networks it supported prior to going down in July. The update states that THORSwap has resumed swap functionality across the Bitcoin, Bitcoin Cash, Litecoin and Binance Smart Chain networks, adding that the team is currently in the process of reinstating support for Ethereum.
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- CoinRado.com