Join Our Mailing List
Monday September 25, 2023
Bitcoin (BTC) $26,339.06   Ethereum (ETH) $1,592.00
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Networks & Protocols

Cross-chain liquidity protocol Ren launches developer portal; first 3rd-party dApp built

Published by CryptoNinjas.net
12/06/2019
Cross-chain liquidity protocol Ren launches developer portal; first 3rd-party dApp built

Ren, a protocol that can bring assets from various blockchain networks into decentralized applications, announced the release of their developer center today.

This new feature will help developers integrate RenVM into their projects. Additionally, their team presented Roundabout, the first 3rd-party dApp ever built using their virtual machine.

Using privacy-preserving computation, RenVM provides an interoperability solution that can scale. The testnet currently supports Ethereum, Bitcoin, Bitcoin Cash, and ZCash. RenVM is also a network (with accompanying SDK) that allows developers to bring multi-chain functionality to their applications.

Why RenVM needs a Developer Center

RenVM isn’t a consumer product. Their goal is to allow developers of decentralized applications to link up with various blockchains. That capability is in demand because liquidity is a huge roadblock to the mass adoption of decentralized exchanges.

Access to other blockchain networks means access to more funds. Traders currently experience large slippage when trying to place average orders in Ethereum’s various decentralized exchanges and could use some of the stagnant value in other networks.

The RenVM Developer Center features two segments and is intended to help developers of decentralized projects integrate into the Ren ecosystem with ease.

First, a new “Developer Chat” feature will offer live support from the Ren team, and the “Developer Resources” section provides self-service tutorials, documentation, and 3rd-party resources.

Loong Wang, the CTO of Ren believes a crucial component in bringing interoperability to DeFi is ensuring there is support for developers who want to integrate.

Roundabout

Roundabout, the first dApp built using RenVM

Roundabout is a simple app with one use-case, converting BTC into ERC-20 compatible, ZBTC. Once bitcoin is sent to Roundabout, it is converted into ZBTC and can be swapped for other Ethereum based tokens on Uniswap, thanks to their new ZBTC pool. This allows users to keep their BTC position while accessing Ethereum’s DeFi ecosystem.

The app may not have many features, but it’s a good example of what their protocol intends to do, which is to allow more people to provide liquidity into DeFi. Protocols like Uniswap have the potential to allow various decentralized exchanges to access their pooled funds and increase the capability of matching orders for traders.

261
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin
Via: renproject.io/developers

Related News

First Ren blockchain app Catalog raises $7.5M to develop cross-chain asset metaversal exchange 

02/23/2022
First Ren blockchain app Catalog raises $7.5M to develop cross-chain asset metaversal exchange 

Ren Labs, creator of a protocol for cross-blockchain value exchange, today announced that Catalog, the first consumer application built on the Ren blockchain, has raised $7.5 million in a seed funding round. Devised by Ren...

Read more

Newly live feature of Ren can support and bridge almost any asset on any blockchain

12/01/2021
Newly live feature of Ren can support and bridge almost any asset on any blockchain

Ren, a protocol enabling movement of value between blockchains, has announced its Host 2 Host feature is now live on mainnet. With Host 2 Host, RenVM can support and bridge almost any asset on...

Read more

ICHI supports cross-chain platform Ren in making stablecoins for BTC and other tokens available

08/10/2021
ICHI supports cross-chain platform Ren in making stablecoins for BTC and other tokens available

Ren, an inter-blockchain liquidity protocol, and ICHI, a platform that allows cryptocurrency communities to create and govern their own non-custodial stablecoin, have announced a new partnership to make decentralized stablecoins available to Bitcoin, Dogecoin,...

Read more

Privacy preserving crypto protocol Railgun now supports Ren assets (renBTC & renZEC)

08/06/2021
Privacy preserving crypto protocol Railgun now supports Ren assets (renBTC & renZEC)

Ren, a network for cross-chain exchange, announced that Railgun, a smart contract system providing privacy to crypto users via zero-knowledge proofs (zk-SNARKs), now supports renBTC and renZEC. Integration of Ren with Railgun allows users...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 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
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy