What is RenVM (REN)?
RenVM is an open protocol for transferring cryptocurrencies between blockchains. The network allows developers to bring cross-chain functionality to their DeFi applications. Ren Token (REN) is the ERC20 token used to bond Darknodes to RenVM.
Darknodes are a network of decentralized virtual machines that contribute their compute power & storage space in exchange for rewards. RenVM allows you to transfer any token between any blockchain. Bring BTC, BCH, ZEC & more to your decentralized application (dApp).
As a plug-in for decentralized finance, any DeFi application can incorporate RenVM’s capabilities into their applications & existing smart contracts. RemVM allows for Multi-collateral lending, Cross-chain asset integration, Cross-chain OTC trading & much more.
WEBSITE: https://renproject.io/
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