Review on Ren by Olugbenga Ajayi
Ren project makes cross chain transaction easy
Ren is an ethereum protocol that is open source, transparent and secured make the transfer between block chain easy. The project was born in 2017 by Taking Zhang and his team of experts in crypto affairs.
Ren use Ren virtual machine (darkpool) to build an interoperable transaction and cause easy and convenient transfer of token between block chain. With Ren, crypto assets let me BTC, EOS and others could use defi and dapps easily.
The Ren token known as Ren is an erc-20. The ico took place in 2018, when $34milion was raised.
The project is already very popular in the social media. It is available on Reddit, telegram and Twitter.
Project like this will create boom for the use of dapps and defi and make the use of crypto assets more popularly among the masses.
Pros
- It is bring about to interoperability between blockchain
- It is transparent and secured
- It is backed by reliable team and good partnership
- Other blockchain can access defi and dapps on the ethereum blockchain
- It is very popular on all social media like Reddit, telegram, Twitter and LinkedIn
- It causes easy transfer of token between block chains
- It is open source and non custodial
Cons
- Security architecture in use should be upgraded
