CRYPTO MARKET / ASSET
renBTC (RENBTC)
$23,300.0
▲ 0.00% +$0.0 LOW: $23,300.0 / HIGH: $23,300.0 (24H)
▲ 0.00% +$0.0
LOW: $23,300.0 / HIGH: $23,300.0 (24H)
LOW: $23,300.0 / HIGH: $23,300.0 (24H)
FULL MARKET CAP access_time |
TOTAL VOLUME 24H ($) $1.47 K |
TOTAL CURRENT SUPPLY access_time |
MAXIMUM SUPPLY ∞ |
Overview
RenVM implements universal interoperability using the tokenised representation model. However, it introduces several advances that aim to solve many of the technical and economic problems in existing models. RenVM was created to replace the role of the trusted custodian with a decentralised custodian. This decentralised custodian is implemented using the RZL MPC algorithm, which can generate and manage ECDSA private keys without exposing them (not even to the machines that power RenVM). This improves on WBTC and imBTC by removing the need to trust a centralised custodian. renBTC (RENBTC) is a one for one representation of BTC on Ethereum via RenVM.
- A Framework for Application-Specific Bitcoin Bridges
RENBTC Blog • December 30, 2023 - Introducing the Ren Foundation
RENBTC Blog • September 25, 2023 - Moving on from Alameda
RENBTC Blog • November 18, 2022
- Replying to @renprotocol: Check out the framework below to read more about this optimization problem. https://link.medium.com/nPMPKCGf4Fb
And stay tuned to hear how we'll be addressing it in Ren v2.
@renprotocol • January 3, 2024 - Replying to @renprotocol: Ideally, fees would remain low for productive liquidity and rise exponentially for unproductive liquidity.
@renprotocol • January 3, 2024 - Replying to @renprotocol: E.g., arbitrage becomes less rational as gas prices go up because of an NFT mint bloating the mempool.
Similarly, providing productive liquidity for traders that generate MEV becomes less rational as the continuous fee rises to disincentivize unproductive liquidity elsewhere.
@renprotocol • January 3, 2024
Time Ranges
1 HOUR | 0% |
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24 HOURS | 0% |
7 DAYS | 0% |
30 DAYS | 0% |
24h USD Activity
SPOT MOVING CHANGE | $3,884.76 +4.35% |
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SPOT MOVING QUOTE VOLUME | $5,723.17 |
UPDATED: 21/11/2024 09:31
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