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.
Market share
0.01%
Proof type
—
24h Open
$21,201.44
24h Low
$20,759.34
24h High
$21,332.30
Price in BTC
0.99784684826113 BTC
Current Supply
4,616 RENBTC
Total Supply
8,295 RENBTC
Market cap
$95,949,768
24h Volume (coin)
0 RENBTC
24h Volume (currency)
$8,227
24h Total volume (coin)
0 RENBTC
24h Total volume (currency)
$8.25K
Last updated
2022-11-07 07:10:55 +00:00 GMT
Date
Price
Volume
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