Review on Ren by Inioluwa Okedeji
Ren: A Decentralized Cryptocurrency Platform That Supports Several Defi Projects
Ren is a decentralized cryptocurrency platform that exchanges popular digital currencies like bitcoin, ethereum and ERC-20 tokens.
It makes use of an advanced cryptography technology designed to protect the confidentiality of its users and their transactions.
It also supports open protocol concept that allows several blockchain network to come together and financially operate. And because of this open protocol, Ren supports decentralized finance projects on its platform.
In terms of exchange, the REN token which is incapable of being mined can be exchanged with any currency in the world, this also means that Ren platform supports fiat currencies exchange.
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Pros
- The Ren platform supports cross-chain transactions and assets
- It is a decentralized platform that supports several Defi projects.
- Transactions take place on the ethereum network
- The platform supports fiat currency transactions
- The platform allows participants to transact in a safe and secure way.
Cons
- Ren is a newly developing project
