cross-chain-liquidity-network-ren-goes-live-with-version-2-of-renbridge

Cross-chain liquidity network Ren goes live with version 2 of RenBridge

Ren, an open protocol providing entry to inter-blockchain liquidity for all decentralized applications, has announced model 2.0 of RenBridge is now live.

RenBridge permits the easy wrapping of digital property on varied blockchains. To illustrate, RenBridge enables users to desire BTC and fasten it on Ethereum, as an ERC-20 called renBTC.

How does it work?

The usage of RenVM, a universal translator, RenBridge converts digital property to the layout wished by its trip predicament chain. To illustrate, RenVM takes BTC, holds it, and then converts it to an ERC-20 with a 1:1 ratio to verify renBTC is continually backed by an identical quantity of BTC.

adPlace

With RenBridge 2, the Ren ecosystem now has entry to the below property:

$renBTC | Bitcoin (BTC) on Ethereum & Binance Dapper Chain


$renBCH | Bitcoin Money (BCH) on Ethereum & Binance Dapper Chain


$renZEC | Zcash (ZEC) on Ethereum & Binance Dapper Chain


$renDOGE | Dogecoin (DOGE) on Ethereum & Binance Dapper Chain

Coming Quickly:

$renLUNA | Terra (LUNA) on Ethereum & Binance Dapper Chain


$renDGB | DigiByte (DGB) on Ethereum & Binance Dapper Chain

Moreover to contemporary blockchains, considered one of many core enhancements with RenBridge 2 is an improved user journey.

Leave a comment