The high-performance decentralized data exchange platform, Thor Network, shared its innovative technologies and financial solutions during the Munich International Blockchain conference.
The Monaco International Blockchain conference is the first professional fair dedicated to the Blockchain sector in Munich. During the conference, Blockchain experts from around the world shared their visions on the future of Blockchain technologies and emphasized the need for greater transparency and strong pressure from regulators to impose their visions.
During his speech, Olivier Raybaud, co-founder of Thor Network, explained the need for an innovative DEX to address the growing demand for crypto-encrypted transactions. The variety of coins and tokens will continue to increase steadily with more utility tokens and the arrival of security tokens. The existing centralized exchange is the weak point of the entire crypto industry that requires innovative DEX solutions to guarantee security and transparency in encrypted transactions.
Thor Network is developing a series of decentralized cryptographic exchange platforms to provide solutions for all categories of encryption needs: transactions without a one-off account not with Thor Swap; easy to use tool for web merchants who accept to accept encrypted with Thor CoinPay; fast, secure and transparent trading platform for professional and individual traders with UOBs; and secure non-fungible token auction platform (NFT) with Thor Auction Platform.
Thor Swap combines decentralized atomic exchanges based on ASN technology (Atomic Settlement Network) with a centralized pool to provide a complete swap solution. Thor Swap is aimed at users of the digital wallet that perform one-off, small, cryptographic and cryptographic transactions. Thor Swap connects directly to the wallets and is absolutely safe as there is no need to put any resources in custody. In addition, Thor Swap provides a solution for trading all major cryptos without any need for registration of the account or KYC. Flash Mode processes decentralized atomic exchange transactions between the ERC20 tokens in one minute based on Thor Swap's ASN technology. Transactions with other cryptos are processed in standard mode based on a centralized pool.
The Atomic Settlement Network (ASN) is the engine used by Thor Network to process asset exchange. ASN is one of the most advanced technology solutions for cross-chain cryptographic asset transactions. ASN can support multiple public chains such as BTC / ETH / LTC / EOS / ONT according to the HTLC algorithm. The transaction process of ASN ensures that transactions are completed in full, which means that both parties receive crypto-activities that have requested or completely canceled, which means that any activity already sent from any part will be transferred to the initial holder. In other words, ASN guarantees to any part of the transaction that it can trade securely with any unknown counterpart without taking any risk. Process for Alice buying ETH and selling BTC to Bob is described below.
Thor DEX (UOB: Universal Order Book) is the next Thor Network product on the roadmap. UOB is a community-managed global cryptocurrency offering platform, will provide a single global order book of orders and will support transaction matching at a rate of 100,000 TPS. Its distributed architecture based on T-DPoS Consensus guarantees security and transparency.
UOB will serve a wider range of users, including individual traders and institutional clients. Users will connect to UOBs through their portfolios or via the dedicated API. Thanks to the speed of the UOB matching engine, the user experience will be as good as with traditional exchanges such as stock markets.
Thor Network will soon launch Thor CoinPay to support the acceptance of cryptographic payments by web merchants. Thor CoinPay will be incorporated into websites and Dapps to allow customers to pay with a large variety of encrypted. Merchants will choose to receive one or some specific cryptos and Thor CoinPay will automatically exchange the token used by the customer for the token requested by the merchant.
Thor Network develops secure and transparent solutions for all crypto-asset transactions from the purchase, exchange at auction. Thor Network has already developed API and H5 tools for the integration of Thor Swap into cryptos crates. Thor Swap is now available in Math Wallet, Bepal Wallet and Ledger Live, and will soon be available in MyEtherWallet and many other crypto wallets. Thor Swap has also developed fiat capabilities to encrypt based on the existing partnership with Bit2Me and the partnership with OTC Gate.
Thor Swap has also entered into a strategic partnership with EOS and NEM blockchain and is actively exploring further collaborations with other blockchain communities such as TRON.
Multimedia contact
Company Name: Thorswap | Thor Network Pte. Ltd
contact: Relations with the media
E-mail: Send an email
Nation: Singapore
Website: https://www.thorswap.com/
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