This is a very important step for @THORChain.
More chains integrated means more routes, which leads to more volume. And volume is what matters.
Currently, adding new chains is a very slow and costly process. With this development, it becomes much faster. If at least four nodes think it will be worth adding a chain, they can do it. Only those four will get the rewards from the volume. If these rewards are high enough, more nodes will join in running that chain. This likely results in a situation where, over time, the added value of the chain decides whether it's integrated or not. Much better than the current state.
@jpthor @familiarcow @SliceX0 do I understand this correctly?
Adding new chains to @THORChain soon will become much faster. The root cause has been an overly-defensive posture to security. A very small chain gets the same security as a very large chain.
We will move to making chain clients Opt-in. Nodes simply run the chain clients they want the rewards for. Each churn, the network will sort the Nodes into groups, then do key-gens per separate groups per chain.
Min nodes will be 4 to start a new chain client and vault. And any set of 4 can add a new chain client of their own initiative.
Wanted to do this 3 years ago but we weren't ready.
TC should have 30+ chains
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