RenVM Mainnet Launches, Bringing External Assets To Ethereum
RenVM the cross chain assets project in the decentralized finance (DeFi) category launched its mainnet on May 27. The commercial users, developers and institutions can now bring multiple external assets to the Ethereum blockchain, to be used as ERC-20 standard […]
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
RenVM the cross chain assets project in the decentralized finance (DeFi) category launched its mainnet on May 27. The commercial users, developers and institutions can now bring multiple external assets to the Ethereum blockchain, to be used as ERC-20 standard tokens.
The RenVM can currently be used on RenBridge – the official service for minting and releasing BTC, BCH and ZEC as ERC-20. On Uniswap and 1inch, for trading renBTC and other Ren assets. The cross-chain asset interoperability pioneered by RenVM can be integrated to DApps using the RenJS, GatewayJS and RenVM ERC 20.
The RenVM mainnet is powered by nodes network called Darknodes. The nodes earn fees in BTC, BCH and ZEC, for powering RenVM. The minimum requirement to run a darknode is 100K Ren and some technical knowledge.
RenVM Impact On Decentralized Finance (DeFi)
The RenVM mainnet launch will bring the much needed cross-chain assets interoperability and integrations. It will securely and safely connect different blockchains. With the implementation, different external blockchain assets such as BTC, BCH and ZEC can be brought over to the Ethereum blockchain. These external blockchain assets can be used and traded as ERC 20 token, expanding the Ethereum asset classes and DeFi potential. It will also improve the collaboration between different crypto-assets and enhance their value proposition.
About RenVM
Ren is an open protocol that enables the cross-chain permissionless and private transfer of value between blockchains. It aims to transfer liquidity and functionality across the Decentralized Finance (DeFi) landscape. Ren Virtual Machine (RenVM) focuses on interoperability, scaling, integration with existing infrastructure, speed and security for large volume trades.
Related articles
- Breaking News: Blast TVL Hits $2B, Blast Mainnet Launch On Feb. 29
- Chainlink Collaborates with ANZ Bank: A Glimpse into Cross-Chain Tech’s Future
- Breaking Down Barriers: Top 5 Interoperability Tokens to Invest In
- Future Blockchain Summit returns to reunite global Blockchain ecosystem as part of only major in-person tech event of 2020
- Crypto Assets Conference – How to Join for Free!
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
February 20, 2021 11:14 PM
Binance Smart Chain Topped Up Ethereum’s Transaction – But Did It?
Binance Chief Changpeng Zhao surprised the crypto world on Feb 10, when he announced that the Binance Smart Chain has flipped the Ethereum daily transactions count or transactions volume. It was met with both enthusiasm and astonishment from the community. Then recently, it was claimed again that the BSC now does 3 times the transactions carried out on the Ethereum blockchain. Though, this isn’t apparent on charts detailing the value moving across networks. According to Money Movers website, the Binance’s blockchain doesn’t register in the top 5 blockchains by settled value.
October 20, 2020 6:56 PM
Crypto Assets Conference 2020B | Free online Ticket for our readers!
www.crypto-assets-conference.de As a CryptoTicker reader you can attend the conference for free! Just click here. Or use the coupon code “REMOTE100” on Eventbrite. On October 29-31, 2020, the Frankfurt School Blockchain Center is organizing the Crypto Assets Conference (CAC) for […]
August 30, 2020 8:16 AM
What is Binance Smart Chain?
In April 2020, Binance announced its new Binance Smart Chain. This new blockchain will work in parallel with the exchange’s primary blockchain, the Binance Chain. Both chains are being improved at exceptional speed. This post will take you through a […]
March 21, 2019 2:36 PM
Countdown to the C³ Crypto Conference 2019
The C³ Crypto Conference, one of the largest conferences on cryptocurrencies will take place in Berlin, Germany. It is the highlight of Berlin Blockchain Week, which will take place between 25 and 29 March 2019, and will be used by […]
October 30, 2018 9:57 AM
Blockchain Brunch: The Place to Meet Berlin’s Blockchain Ecosystem of Entrepreneurs
Blockchain Brunch provides a space for open-minded innovators to discuss the limitations and potential of technology and business within the industry.
March 24, 2023 6:07 AM
Ethereum Price Forecast 2023: 5 Reasons ETH Could Hit $3000 in 2023
In this Ethereum Price Forecast 2023 article, we'll explore five potential scenarios for Ethereum's price performance in 2023.
November 17, 2022 12:01 AM
Binance Coin News Ticker – CryptoTicker
Binance Coin is the native coin of the world’s leading cryptocurrency exchange Binance. The coin is native on the Binance Chain, a centralized blockchain. The coin is also supported on the Binance Smart Chain, a new blockchain by Binance that […]
October 17, 2022 11:00 PM
OKX Review 2022: Is OKX a Good Exchange?
This article is all about the OKX review and whether OKX is a good exchange. Let's take a look at it in more detail.
March 14, 2022 3:03 PM
The Top 5 NFT Marketplaces
Non Fungible Tokens are the next big trend after the DeFi craze. They have been growing in popularity. Here are the top 5 NFT marketplaces.
October 26, 2021 12:42 PM
Huobi HECO Chain: What You Should Know About It
The network's growth brought exchange chains like Binance Smart Chain (BSC) and Huobi ECO Chain (HECO). Let's talk about HECO.
October 2, 2021 3:50 PM
Crypto Basics – Don’t know What Ethereum crypto is? Here’s a Complete Guide
In this article, we’re going back to the basics, and introduce Ethereum crypto in a very simple and straightforward way. What is Ethereum crypto?
February 9, 2024 7:27 AM
Ethereum ERC-404 Token PANDORA Grew by Massive 1000% – What is “ERC-404”? Everything You Need To Know
There's a hot new thing in the crypto world called the ERC-404 token standard. Let's take a look at What is ERC-404 standard in more detail.
December 3, 2023 4:36 PM
Top 5 Altcoins to BUY in December 2023 – Best Crypto Investment
BTC is almost at $40,000 while the altcoin market is awaiting further highs. Here are our picks of the top 5 altcoins to buy in December 2023.
September 22, 2023 4:52 AM
Record Breaking Success Cements TOKEN2049 as the World’s Largest Crypto and Web3 Industry Event
TOKEN2049 Singapore establishes itself as the world's most significant crypto and Web3 event. Over 10,000 attendees, prominent partnerships, and a gala to remember. Dive in to discover the future of crypto.
September 1, 2023 7:09 PM
Is There a Future for Cryptos? Will we ALL Use Cryptocurrencies One Day?
25 out of the world's 45 largest economies have either partially or completely banned crypto. Is there a future for cryptos?
August 5, 2023 2:10 PM
Will X have Crypto? Elon Musk Clarifies…
Will X have crypto: Following the storm of conjectures sparked by Elon Musk, the Tesla CEO has now come forward to clear the air.
July 7, 2023 9:14 AM
Breaking News: Multichain Potentially Compromised in a Major Exploit Exceeding $126 Million
Multichain Potentially Compromised in a Major Exploit Exceeding $126 Million. Let's take a look at this breaking news in more detail.
July 2, 2023 11:00 PM
Blockchance Review: A Successful Conference Despite the Bear Market?
Blockchance 23 occurred in the scenic city of Hamburg from the 28th to 30th June 2023. Let's dive deeper into this Blockchance review article.
June 28, 2023 1:54 PM
Top 10 Trending Cryptocurrencies
As we head deeper into 2023, here's a look at the top 10 trending cryptocurrencies for June 28, based on trading volumes.
June 9, 2023 3:50 PM
BLOCKCHANCE 2023: Get your Discounted Tickets TODAY! Here’s How…
BLOCKCHANCE, Europe's premier blockchain conference, is all set to take the stage once again, scheduled from July 7th to July 9th, 2023 in Germany.
May 31, 2023 8:07 AM
Top 10 BRC-20 Tokens on Bitcoin
These tokens are gaining popularity in the crypto world due to their unique features and benefits. Here are the top 10 BRC-20 tokens
May 9, 2023 7:43 AM
Meme Your Way to Riches: The Top 5 AI-Based Meme Coins for 2023 Investments
This article is all about the top 5 AI-based Meme coins for 2023 investments. Let's take a look at it in more detail.
May 4, 2023 7:31 AM
BRC-20 Tokens: The New Playground for Meme coin Madness
This article is all about what BRC-20 tokens are, the rise of meme coins on BRC-20, and the potential risks and flaws of this new trend.
April 22, 2023 12:32 PM
Non Fungible Conference: RADICAL lineup in June 7-9 2023 Lisbon
Non Fungible Conference returns to the iconic Pavilhao Carlos Lopes, Lisbon 7 and 8 of June 2023. Here's how to attend.
March 11, 2023 8:27 PM
Top 3 Stablecoins to Buy instead of USDC
It is a good idea to look for other stablecoin alternatives now that USDC crashed. Here are our top 3 stablecoins to buy instead of USDC.
More from CryptoTicker