Technology
By Dan Saada
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Ren is an open protocol which makes it possible to move value between blockchains. This means they are making it possible for users to have access to inter-blockchain liquidity…
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They are unchaining liquidity with RenVM Protocol. Integrating RenVM to decentralized applications makes it possible for users to transfer any token between any blockchain.
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They claim that it is 10x faster than atomic swaps, integrates easily in to existing infrastructure, and it is composable with DeFi.
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There are tutorials which detail more about DEXs, Dapps, and DeFi integrations to see how it all works.
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There is RenJs which is a low-level library for more customized integrations and built for tools and bots.
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Ren Bridge 2 is a very easy to use DApp, which bridges cross-chain assets between blockchains.
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For instance, if have Dogecoin – they need to click the Submit to Ethereum button; if they have Bitcoin they can submit it to Ethereum – and similarly if they have BCH they can…
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They are looking to extend similar support of more blockchains and the ultimate aim is to keep the entire blockchain ecosystem connected.
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Those who are interested in understanding the Network Statistics can explore RenVMs Command Center to get a better understanding of how the network is getting utilized.
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For clarity, RenVM makes use of Shamir’s Secret Sharing to keep the data secret, makes use of secure multiparty computation (sMPC) to efficiently run secret scripts, Byzantine…
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RenVm calims to be the only engine which powers the decentralized interoperability solution.
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