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updated $0Market cap$2.76M
Volume 24h$8.47K
Circulating supply588.26M59% of max 1B
All-time high$1.8-100% from peak · 2021-02-19
Ren (REN) is a decentralized protocol enabling private and interoperable liquidity across different blockchains. The REN token powers the RenVM, a virtual machine facilitating cross-chain transactions without centralized intermediaries. Think of it as a 'dark pool' for crypto assets, allowing seamless swaps between chains like Bitcoin and Ethereum.
Frequently asked questions
What is Ren and how is it different from other cross-chain solutions?
Unlike wrapped assets (e.g., WBTC), Ren uses secure multiparty computation (sMPC) to mint 1:1 pegged tokens without relying on a single custodian. It’s trust-minimized and focuses on privacy-preserving liquidity.
How does Ren's technology work under the hood?
RenVM combines sMPC with a BFT consensus algorithm. Darknodes (network operators) collaboratively manage private keys to lock/unlock assets across chains, ensuring no single party controls funds.
How is REN's token supply structured?
REN has a fixed hard cap of 1 billion tokens. No further minting is possible; it’s used for bonding by Darknodes (who must stake 100K REN) and pays for cross-chain transaction fees.
How can I store and use REN tokens?
As an ERC-20 token, REN works with wallets like MetaMask. To interact with RenVM (e.g., minting renBTC), you’ll need to connect to dApps built on the protocol.
