![]() In contrast to zero-disclosure and being an open-source, RENVM SubZero facilitates transactions entirely in a decentralized and trustless manner eliminating the possibility of any outsiders or middlemen. Decentralization gets assured through smart contracts, and so is stability guaranteed via RENVM. So primarily, the token REN has two operations to perform: One, to pay the trading fees for orders made on RENVM, and two, to pay bonds to the “Registrar”, a smart contract that manages Darknodes in the Ren ecosystem. This enhances security, especially because RENVM operates on Ethereum and all transactions on processed using ERC-20. The entire ecosystem of these works around a scientific algorithm that distributes the orders in small segments so that the nodes are not made aware of the entire amount of transaction. ![]() The Nodes are empowered by RENVM to calculate, authenticate, and process the cross-chain crypto instructions. All exchanges that happen on Ren across blockchains have a RENVM advantage. The central platform around which Ren operates is called RENVM, i.e., Ren Virtual Machine. Investors can get misled in OTC markets by buying a big amount of assets anonymously. As the name justifies, the pool means the purchase, and the dark means anonymous. To understand REN, it is essential to understand what “Dark Pool” means. Also, having the potential of non-disclosure and complete transparency, REN moved on to become the single open protocol that facilitated movement between blockchains. Knowing Wang’s experience in coding distributed database technologies, including the invention of a coding language for blockchain, Zhang collaborated with him to redress blockchain interoperability issues.Īnd so, in the summer of the year 2017, the Republic Protocol was born, intended to devise a protocol for independent crypto-asset blockchains to communicate effectively. Zhang decided to have the framework of Ethereum, ETH-20, for REN as an obvious choice because it thought it gave the ultimate solution for the OTC problem: the Republic protocol. ![]() Defining REN: Reliability Encased Network
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