Odaily Planet Daily News According to official news, THORChain V3 has been released, and this version introduces the following new features: - Upgrade to Cosmos SDK v0.50 This update keeps THORChain aligned with the latest developments in the Cosmos ecosystem. The addition of smart contract functionality (including support for the CosmWasm module) allows developers to deploy smart contracts directly on THORChain. This enables innovation within smart contracts while isolating risks. This shift also paves the way for Inter-Blockchain Communication (IBC) protocol compatibility, allowing THORChain to monitor IBC-supported chains from Bifrost, thereby reducing the costs of addition. - Switching from Tendermint to CometBFT As part of the Cosmos SDK v0.50 update, THORChain has transitioned its consensus layer from Tendermint to CometBFT. This upgrade enhances the consensus mechanism, offering better performance, security, and scalability. - Cosmos ecosystem compatibility The inclusion of Cosmos' default MsgSend functionality ensures that THORChain can more easily integrate with the broader Cosmos ecosystem. - Rujira application layer The Rujira application layer is a key feature of THORChain v3, resulting from the merger of DeFi projects (Kujira, Levana, Fuzion, Unstake, and Wink) into the Rujira alliance. This collaboration unifies decentralized DeFi tools into a seamless experience, enabling developers to build DApps directly on THORChain's liquidity pools. The Rujira application layer will share 50% of the generated fees with THORChain, supplementing THORChain's overall revenue. Additionally, as the Rujira layer will utilize the underlying layer pool, it will increase the exchange volume of THORChain's base pool.