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Crypto Beginners Guide: Here Is Everything You Need To Know About Reef, Tezos And THORChain

THORChain

A decentralised liquidity protocol called THORChain enables users to trade assets without obtaining authorization. By serving as a vault manager, it facilitates the trading of native layer-1 assets like Bitcoin. Tendermint and Cosmos-SDK are used by THORChain to protect its network. For its leaderless primary vault, it also makes use of threshold signature schemes (TSS).

How TORChain Functions

A layer-1 network called THORChain is built using Tendermint and the Cosmos SDK. As a cross-chain, permissionless Decentralized Exchange, THORChain operates (DEX). Additionally, it secures its leaderless asset vault using threshold signature schemes (TSS).

Source: Link

TEZOS

A decentralised open-source blockchain called Tezos can carry out peer-to-peer transactions and operate as a platform for smart contract deployment. The tez, represented by the sign XTZ, is the native coin for the Tezos network. The Tezos network uses proof-of-stake to reach consensus.

5 Important Things About TEZOS

1. It recently disclosed an agreement to supply tokenized assets to three Swiss companies.

2. The blockchain advertises itself as self-amending.

3. Since the beginning of this year, XTZ has increased by about 170 percent.

4. It's attempting to move past its earlier scandals.

5. By staking XTZ, you can earn interest.

Source: Link

Reef Finance (REEF)

A cryptocurrency project called Reef Finance (REEF) was created using Polkadot. It is regarded as the first cross-chain cryptocurrency operating system, making it easier to move tokens and money between several blockchains. Centralized exchanges (CEXs) and decentralised exchanges are both present on the blockchain (DEXs). The native token of the Reef ecosystem is called REEF.

Values Of REEF

1. Reef Finance operates in a growing area of DeFi, which raises the value of the company's core assets.

2. Due to the way the protocol is constructed on Polkadot, Reef Finance gives users access to a variety of platforms, including Binance Smart Chain, Ethereum, Plasma, Moonbeam, and Avalanche.

3. Reef is a special initiative since it enables users to work across many chains from a single environment powered by blockchain.

Source: Link

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Cosmos-SDK Crypto Beginners Guide TORChain Tendermint Tezos

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