Review on Ren by Digital Convict
REN, a short rev.
In short, The RenBridge is to bring BTC, BCH & ZEC to Ethereum apps and The RenVM is the virtual machine where computers bring interoperability for DApps, providing liquidity.
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The ecosystem incorporate capabilities to smart contracts. The protocol run in Darknodes, integrated with BFT; sMPC to run secret scripts; Hyperdrive a modified version of Tendermint consensus algorithm and SSS.
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Darknodes are a network of machines, they earn rewards for contributing with power and storage. The SSS is Shamir's Secret Sharing
, The foundation to how RenVM keeps data secret
.
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REN is ERC-20 T. Now in 47 place by market cap. Available on many exchanges, pairable with BTC, ETH, USD, USDT, DAI.
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Pros
- Constantly updated
- Darknodes
Cons
- Rare kind of exchange
- Says DeFi but looks centralized
