Ren (REN)

$0.064166 (38.42%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
78 $51,301,400.00 $8,826,940.00 799,514,000 REN 44 38.42% 2.02% -$24.65

Exchange Pair Volume (24h) Price

Background

Ren built and released the first decentralized dark pool (RenEx) in 2018 and is now generalizing this technology to create an ecosystem for building, deploying, and running general purpose, privacy-preserving, applications using zkSNARK on a newly developed secure multiparty computation protocol. This makes it possible for any kind of application to run in a decentralized, trustless, and fault tolerant environment similar to blockchains but with the distinguishing feature that all application inputs, outputs, and state, remain a secret even to the participants running the network. Although Ren is capable of powering any kind of application, decentralized finance has emerged as a highly valuable use case and will therefore be an initial focus. Nodes that run the network are referred to as Darknodes. These can be operated by any member of the public that posts a bond of 100,000 Ren tokens (REN). Those who utilize the protocol pay fees to Darknodes for running computations and matching orders. Given the one billion maximum REN token supply, there is a maximum of 10,000 possible Darknodes

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