Cross-chain decentralized exchange (DEX) THORSwap has resumed cross-chain trading on its four networks while the users can now transact on the networks of Bitcoin, Litecoin, Binance Smart Chain, and Bitcoin Cash.
After the THORChain network was brought offline three months after its cautious launch due to serious exploits, the cross-chain decentralized exchange (DEX) THORSwap appears to be on the mend.
The Cosmos-powered network seeks to facilitate decentralized trading across a variety of blockchain networks, including Bitcoin (BTC) and Ethereum (ETH). The team behind the project's decentralized exchange THORSwap has so far restored functionality for four of the five networks it supported prior to being down in July, according to a progress report released on Oct. 12.
THORSwap has resumed swap functionality across the Bitcoin, Bitcoin Cash (BCH), Litecoin (LTC), and Binance Smart Chain networks, according to the update, and the team is also working to restore Ethereum support.
The team behind THORSwap has stated that support for the Terra stablecoin network and Gaia, the Cosmos' decentralized finance hub, is in the works. More connections with other cryptocurrencies are in the works, including Dogecoin (DOGE), Decred, Haven, and Monero (XMR). The team is also working to increase network node performance.