The upgrade seeks to bolster the infrastructure of THORChain. The infrastructure is designed to swap cross-chain and provide liquidity in a trustless and permissionless environment. The entire procedure of the hard fork is still a secret, hence its pending processing will remain classified for now. Predictably, the update will smooth the transactions and boost the network’s stability. However, RUNE will not be affected and can be traded leading to uninterupted engagement with the market.
Inevitably, every upgrade comes with a set of risks that must be meticulously managed. For this reason, while the network is being upgraded, all deposits and withdrawals will be temporarily turned off. Platform operators will take the appropriate measures to enhance the system’s reliability. They will ensure that all deposits and withdrawals will be available once the network is stable post-upgrade. For more information regarding the upgrade, users should check the updates coming from the THORChain project.
For any and all cross-chain liquidity, THORChain integrates billions within the Decentralized Finance (DeFi) ecosystem. This upgrade certainly demonstrates supporting innovation’s user first approach and how the system will scale. With this, it has proven the network's focus and THORChain's reason for being is to constantly improve. Given the current demand for borderless cross-chain solutions, THORChain is in a prime position because of its sustained approach to market evolution.
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