REN Ren Prices, Charts and Graphs | Coinread
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RenREN#84

$1.0
-8.18% (-$0.091, 24H)
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  • Market Cap$1,023,638,753
  • Volume (24H)$78,665,830
  • Circulating Supply997,664,051
  • Max Supply1,000,000,000
  • High (24H)$1.16
  • Low (24H)$1.0
  • Change (1H)-0.62%
  • Change (7D)-0.69%
  • Change (1M)5.30%
  • Change (1Y)258.79%

Originally launched as the Republic Protocol in 2017, the Ren Project (REN) arrived in 2019 with both a new name and focus: to allow users to move value freely between any two blockchains, whilst maintaining complete privacy. Its native REN token incentivises node operators and pays bonds to the platform’s Registrar; powered by a decentralised network of nodes to match orders, Ren uses a hidden order book known as a dark pool so that users remain anonymous. By breaking orders into cryptographic fragments and then using nodes to find an order match, a peer-to-peer atomic swap is launched between two traders without the need for any intermediaries. Many other interoperability projects create a protocol standard that allows other blockchains to be brought into it; Ren’s core product, a virtual machine called RenVM, goes the other way, bringing itself to any DApp, protocol or network with which it needs to integrate. RenVM is thus key to providing end-to-end privacy and cross-chain interoperability.

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