THORChain cofounder argues protocol is more decentralized than Bitcoin and Ethereum
THORChain cofounder described the protocol’s governance as requiring broad node support for most updates and proposals, while also saying a single node can halt trading for a limited period. He also argued that THORChain is more decentralized than Bitcoin and Ethereum, putting node approval and control mechanisms at the center of the comparison. [34457] [34456]
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THORChain users and node operators are the people most immediately touched by the governance setup described here, because the protocol’s updates and proposals need support from two-thirds of nodes and a single node can pause trading for up to 720 blocks. That means people watching the network today are dealing with a system where control is tied to node approval and a temporary trading halt is possible. (per tokenpost.com)
What changes in practice is the focus of scrutiny: the comparison with Bitcoin and Ethereum is no longer just about labels, but about who can approve updates and who can stop trading for a short period. What stays the same in the description is that the protocol still uses node-based governance, even while the cofounder presents it as more decentralized than those other networks.
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