Sunday January 24, 2021
Bitcoin (BTC) $31,922.00   Ether (ETH) $1,248.81
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Vendor Technology

Ren’s private crypto virtual machine and dark pool achieves interoperability

Published by CryptoNinjas.net
05/20/2019

Ren, a privacy-preserving virtual machine featuring a cryptocurrency dark pool, during this past month achieved some notable milestones in its development, the primary among them was interoperability. To showcase this, the Ren team used RenVM to successfully trade DAI/BTC on an Ethereum DEX.

To make this possible, RenVM was used as a trustless and decentralized bridge to connect the Ethereum and Bitcoin blockchains. On top of this trustless bridge, the Ren team built a simple Ethereum DEX that can instantly swap DAI with real BTC without needing to wrap/unwrap BTC; a true cross-chain trading experience. Ren is now extending this demo to support USDT and ZEC, and preparing to make it available to the public on Ethereum Mainnet.

Development Achievements:

RenVM

  • Interoperability was the biggest achievement during the past month. The team successfully exchanged DAI/BTC using an Ethereum DEX.
  • Hyperdrive has been integrated into RenVM and has successfully been deployed to an internal Devnet. It will continue to undergo testing and optimization.
  • JSON-RPC 2.0 support has been deployed to an internal Devnet. This will make it easier for developers to work with RenVM.

Darknodes

  • The new Darknode payment subprotocol has been deployed. This will ensure more frequent and evenly distributed payments to new and existing Darknodes. It also improves some of the underlying incentives to keep Darknodes stable and online.
  • Darknodes are now able to run on cheaper hardware, with tests showing that T3. Micro Instances are now sufficient. The Darknode CLI has been updated to reflect this, along with the ability to resize Darknodes without having to deregister them.

Lightnodes

  • Lightnodes were deployed to an internal Devnet. Lightnodes are a lightweight gateway that mimics the RenVM JSON-RPC 2.0 interface. This allows developers to build web apps that can interact with HTTPS endpoints.

“This month has been very productive and we have been able to build and demonstrate some cutting edge technology. For the dev team, our next step is to get this technology into the hands of other developers so they can begin building their applications. This will involve stability improvements, testing, and documentation.”

Loong Wang, CTO, Ren

7
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

NUTS Finance integrates RenVM to streamline BTC cross-chain exchange

12/23/2020

RenVM’s first smart wallet integration with Pillar is now live

12/22/2020

Cross-blockchain exchange protocol Ren steps away from mainnet rollout

03/26/2020
Delta Exchange lists REN perpetual contract with10x leverage

Delta Exchange lists REN perpetual contract with up to 10x leverage

03/11/2020
Cross blockchain decentralized finance protocol Ren introduces new consortium

Cross blockchain decentralized finance protocol Ren introduces new consortium

03/02/2020
Cross-chain private exchange protocol Ren inches closer to mainnet

Cross-chain private exchange protocol Ren inches closer to mainnet

01/23/2020
Load More

Discussion about this post

Recent Updates

Blockchain supply chain solution SUKU releases social impact DeFi protocol

Crypto wallet Cobo adds support for Binance Smart Chain

Prediction market platform Omen to integrate crypto data oracles from API3

Mirror Protocol brings synthetic stock asset exposure to Binance Smart Chain

Crypto exchange Upbit shows over 100% user fund capitalization in audit report

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

GateHub launches Wallet Protect to cover up to $100K for XRP ledger wallets

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version