THORChain Sudden Breakdown Shutdown! The team said there were potential risks, and the community ridiculed: Decentralization?

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The decentralized Cross-chain transaction protocol THORChain tweeted today that the development team received a report on the potential risks of the protocol, and the global THORChain network has been shut down, and the community is also insinuating that this move is "decentralization"?

THORChain shut down due to potential vulnerabilities

THORChain officially released a tweet today saying that there is news that there is a potential loophole that may affect THORChain. Out of prudent considerations, THORChain has suspended all transactions while conducting investigations. The team is also currently evaluating the authenticity of the statement and verify.

The community feels absurd about the direct shutdown of THORChain, losing the open, decentralized, and consensus nature of the blockchain.

THORChain Ecological Status

THORChain is a Cross-chain transaction protocol supported by Tendermint blockchain technology, dedicated to realizing the seamless Cross-chain exchange between cryptocurrencies. According to viewblock's data , the current TVL is 340 million, but the number of address growth has dropped sharply today due to downtime.

THORChain's native token is RUNE. The currency price reached its highest point of $20 in May 2021. The current currency price is $1.319, a drop of more than 90% from the highest point.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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