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Description

Bancor serves as a protocol specifically designed for the development of Smart Tokens, representing a novel standard for cryptocurrencies that can be directly exchanged via their smart contracts. This on-chain liquidity protocol facilitates automated and decentralized trading on both Ethereum and other blockchain platforms. The Bancor Protocol operates entirely on-chain and is applicable to any blockchain that supports smart contracts, making it versatile. As an open-source standard for liquidity pools, it provides a crucial interface for automated market-making, allowing for the buying and selling of tokens through a smart contract mechanism. Currently, the Bancor Network is functional on the Ethereum and EOS blockchains, although it is built with the capacity to support additional blockchains in the future. Its design allows for seamless integration into various applications that facilitate value transfer. Furthermore, the implementation is not only open-source and permissionless but also invites contributions from ecosystem participants to continually improve and expand the capabilities of the Bancor Protocol, fostering a collaborative environment for innovation in decentralized finance.

Description

THORChain functions as a decentralized liquidity protocol for cross-chain transactions, leveraging Tendermint and the Cosmos-SDK while employing Threshold Signature Schemes (TSS). Rather than pegging or wrapping assets, it effectively orchestrates their movement according to user interactions. The protocol monitors user deposits into its vaults, executes necessary business operations like swaps or liquidity adjustments, and manages outgoing transactions seamlessly. Acting as a decentralized vault manager, THORChain ensures that all processes are resilient to Byzantine faults. Its core mission is to maintain a decentralized structure and prevent any form of centralization or market manipulation while enhancing cross-chain liquidity. By securing only the assets held in its vaults, THORChain provides robust economic assurances regarding the safety of those assets, fostering user trust and participation in the ecosystem. In doing so, it aims to create a more interconnected and liquid blockchain environment.

API Access

Has API Yes 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Token Terminal Yes 
0x Yes 
Binance No 
Blocknative Yes 
Brokkr No 
CoinLedger Yes 
Ethplorer Yes 
Exponential DeFi Yes 
Fortmatic Yes 
Koinly Yes 
Liquality No 
SKIP Exchange No 
SushiSwap No 
THORWallet No 
Thorstarter No 
Viewblock No 
XDEFI Wallet No 
ZenLedger Yes 
pTokens Yes 

Integrations

Token Terminal Yes 
0x No 
Binance Yes 
Blocknative No 
Brokkr Yes 
CoinLedger No 
Ethplorer No 
Exponential DeFi No 
Fortmatic No 
Koinly No 
Liquality Yes 
SKIP Exchange Yes 
SushiSwap Yes 
THORWallet Yes 
Thorstarter Yes 
Viewblock Yes 
XDEFI Wallet Yes 
ZenLedger No 
pTokens No 

Pricing Details

No price information available.
Free Trial No 
Free Version Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Bancor

Founded

2016

Country

Switzerland

Website

app.bancor.network/eth/data

Vendor Details

Company Name

THORChain

Founded

2018

Country

Switzerland

Website

thorchain.org

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