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Part 4. Why Is THORChain A "Protocol"?
December 02, 2021 #Guide #THORChain 101

Part 4. Why Is THORChain A "Protocol"?

This is the third in a 7-part series, "The Friendly Introduction to THORChain".

0xNguyen

This is the third in a 7-part series, "The Friendly Introduction to THORChain". Subscribe to be notified when the next chapter is released.

⚡️ Perhaps confusingly (at first), users who want to exchange or deposit assets on THORChain will not interact with THORChain directly.

⚡️ Instead, users will interact with one of the growing number of THORChain-enabled exchanges and interfaces: THORSwap, Asgardex, SKIP, Shapeshift, etc...

⚡️ A helpful analogy here is how email works: email is underpinned by SMTP - the Simple Mail Transfer Protocol. When sending & receiving emails, users don't know (nor do they need to know) that they're using SMTP - all they know & see is Gmail, Outlook, Apple Mail, etc.

⚡️ Similarly, an increasing number of interfaces, DEXs, wallets, and websites will plug into THORChain's Liquidity Pools (TCLP) to offer swapping and pooling features to their users.

The cave you fear to enter holds the treasure you seek