- This topic has 0 replies, 1 voice, and was last updated 3 months ago by ancasme007.
- Thursday, June 23rd, 2022 at 04:52 #316795ancasme007Participant
Maya Protocol just recently released a new white paper, underlining some of its use cases and benefits compared to THORChain. Maya protocol aims to be a backup for THORChain, following in it’s footsteps and aiming for a decentralized future.
Maya is a CosmosSDK-powered, replicated state machine to overwatch and coordinate the movement of digital assets without the need to peg them, just like THORChain, and they list some good reasons for similarity.
They believe THORChain should not be the only cross-chain dex out there in the wild, and will focus on the idea of collaboration instead of competition, where two minds are much better than one at achieving a similar goal. According to them THORChain cannot possibly grow fast enough to capture the entire market, and it also will eventually hit it’s TPS limit, thats why Maya thinks they should not be dancing by themselves in the ballroom.
those are just some of the reasons they list, but the actual white paper goes in deep into the features and benefits:
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