THORChain to Activate v3.12.0 on November 4

THORChain schedules the mainnet upgrade to version v3.12.0 for 4 November at 17:00 UTC at block 23540000. The release is described as one of the most substantial to date, bringing improvements to swaps, overall performance, and UX, along with fixes for order books, vault refund retries, expanded app-layer permissions, a Solana chain client implementation, and other minor corrections. The team notes that the block time may shift by several hours, and a detailed breakdown will be published separately.

RUNE Info

THORChain is a decentralized liquidity protocol that enables users to easily exchange cryptocurrency tokens over the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically establishes prices and provides liquidity for trading.

The key feature of THORChain is its ability to facilitate secure, fast, and reliable cross-chain asset operations. This means that users can directly exchange one cryptocurrency for another, even if they exist on different blockchains.

The RUNE token in THORChain is used as collateral for validators in the network and to ensure liquidity in the liquidity pools.