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Review of Ren: Hidden Defi Gem



Republic Protocol Overview:
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BTC Tipjar πŸ™πŸ»: 35YDYtYAB999JxiXQXewzLvMGX4ki2d3WL

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⏰ Time Stamps ⏰

1:00 Introduction
1:50 Darkish Pool Overview
3:14 Ren Digital Machine
5:33 Ren Token Overview
7:46 Token sale & Worth Efficiency
8:57 Workforce & Advisors
9:47 Improvement & Roadmap
11:22 Ren Buying and selling & Wallets
12:21 Conclusion

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⛓️ πŸ”— Useful Hyperlinks πŸ”— ⛓️

β–Ί Web site:
β–Ί Authentic Whitepaper:
β–Ί GitHub:
β–Ί Analysis Report:
β–Ί What’s a Dex?:
β–Ί Information to Darkish Swimming pools:
β–Ί ChaosNet Consumer Information:

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πŸ“±οΈ Socials πŸ“±

β–Ί Official Weblog:
β–Ί Twitter:
β–Ί Telegram:

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πŸ“ Mission Overview πŸ“

Ren needs to create a decentralised alternate protocol that’s not solely personal but additionally interoperable.

With their Ren Digital Machine, they need to give customers the flexibility to construct personal and trustless decentralised purposes.

βš™οΈ Know-how βš™οΈ

The Ren Digital Machine or RenVM is the engine the engine that powers the Ren Community. It is mainly a community together with an accompanying SDK that enables builders to construct in multichain performance to their dAppps.

In an effort to facilitate the personal matching of orders on the RenVM, Shamir Secret Sharing schemes are used. With this, orders are damaged up into a number of shares and are distributed by way of the community in a safe approach.

In an effort to run the key scripts the RenVM use Ren’s Safe Multiparty Computations. RenVM is Byzantine Fault Tolerant. Which means even when a number of the nodes go down the community will nonetheless operate successfully.

For Consensus ren makes use of hyperdrive. It is a modified model of the Tendermint consensus mechanism that was developed particularly for the RenVM.

πŸ’°οΈ Token πŸ’°

The REN token is used as a bond for the Darknode operators. That is completed with a purpose to align financial incentives and to dissuade any kind of dishonest behaviour by these node operators.

You have to to position 100,000 REN right into a bond with a purpose to run these Darknodes. The advantages of operating a Darknode is that you can be paid transactions charges for recompiling order items and matching them with opposing orders.

Ren bought their ERC20 primarily based tokens in a crowdsale that came about in January and February of 2018. This was a mixed personal sale and public sale spaced just a few weeks aside.

πŸ‘¨β€πŸ’»οΈ Workforce, Companions & Improvement πŸ‘¨β€πŸ’»

Ren is led by Taiyang Zhang because the CEO. He has beforehand labored as a software program engineer and as a supervisor at a Quantitative funding fund.

The CTO is Loong Wang who has additionally labored as a software program developer. His specialty is in distributed and high-performance computing.

The Ren group has been fairly busy over the previous 12 months and a half. You solely want check out their GitHub exercise to get a way of how a lot work is been completed.

πŸ“ˆ Buying and selling & Wallets πŸ“ˆ

Ren does about $3m of buying and selling quantity in a day. That is about common for a token that’s ranked simply exterior of the highest 100.

There may be restricted alternate assist with the majority of the orders being completed on Binance. This limits liquidity and worth discovery.

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πŸ“œ Disclaimer πŸ“œ

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who is just not a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any explicit final result.

#Ren #darkpool #crypto #Ethereum #Overview #buying and selling #darknode #Binance #blockchain #DEX #buying and selling #cryptocurrency #Defi

Source: Coin Bureau

21 Responses

  1. LOOK INTO POLKADOT BY THE SAME FOUNDER OF ETHEREUM … REN AND SYNTHETIX AS WELL THEY ARE REALLY BUILDING A PRODUCT THAT SOLVES ISSUES IN THE CRYPTO COMMUNITY
    I WAS PRETTY LUCKY. GOT INTO MINING BITCOIN AND LITECOIN BACK IN 2012. BITCOIN WAS AT $50 BUCKS, LITECOIN AT AROUND 2 BUCKS. REGRETTED NOT GOING ALL IN. GOT INTO MINING ETH IN 2016 AT 5 BUCKS. BOUGHT ANTSHARES NEO AT ICO. CHAINLINK BACK IN 2018. XRP RIPPLE BACK AT UNDER 1 CENT. NOT TO SAY IM SOME EXPERT. MADE A LOT OF MISTAKES AS WELL. REALLY FEEL IN MY GUT THIS IS GOING TO BE GOOD.

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