ShapeShift Founder Erik Voorhees Swaps $4.81M in ETH for BCH via THORChain

Lookonchain data reveals Voorhees deposited 1,635 ETH into THORChain before exchanging for Bitcoin Cash.

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Terms & Concepts
  • THORChain: A decentralized liquidity protocol enabling cross-chain cryptocurrency swaps without centralized intermediaries.
  • ETH (Ethereum): A cryptocurrency powering the Ethereum blockchain used for transactions, smart contracts, and decentralized applications.
  • BCH (Bitcoin Cash): A cryptocurrency that is a fork of Bitcoin, designed to allow faster and cheaper transactions.