Name: Ren
Brand: Binance
Price: 0.01 KZT
Availability: InStock

Price of Ren Today

The live price of Ren is $0.00602 per (REN / USD) with a current market cap of $5.98M USD. 24-hour trading volume is $237,304.48 USD. REN to USD price is updated in real-time. Ren is +0.34% in the last 24 hours with a circulating supply of 992.88M.

REN Price History USD

Date Comparison	Amount Change	% Change
Today	$0.000021	+0.34%
30 Days	$0.00011	+1.86%
60 Days	$-0.000185	-2.98%
90 Days	$0.000154	+2.63%

Ren Chart Performance

24h Low & High

Low:

High:

The highest and lowest price paid for this asset in 24 hours.

All Time High

$NaN

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+1.7%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

+0.34%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

+4.03%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low:

High:

All Time High

$NaN

Price Change (1h)

+1.7%

Price Change (24h)

+0.34%

Price Change (7d)

+4.03%

About REN

Ren is a decentralized finance ecosystem and protocol launched on the underlying Ethereum mainnet in January 2018. While its native cryptocurrency REN is an ERC-20 token, the Ren DeFi protocol operates on its own independent blockchain network.

According to the project’s white paper, originally published in 2017, Ren seeks to create seamless interoperability among popular decentralized networks such as Ethereum, Bitcoin and ZCash.

Ren gives Bitcoin holders access to Ethereum’s DeFi protocols, including borrowing and lending, without needing to transfer their Bitcoin assets onto the Ethereum blockchain. As REN is an ERC-20 token, it is now validated using proof-of-stake (PoS) consensus, following the Ethereum Merge.

REN facilitates connectivity between Bitcoin’s and Ethereum’s digital assets as an intermediary that maintains the value of BTC assets without the need for any transfer. The coin is also used in all independent blockchain communication through the interoperable Ren platform.

Ren accomplishes this by locking the original assets until individuals unlock them by paying a small fee to remove the assets from the platform protocol. REN price is updated and available in real-time on Binance.

People Also Ask: Other Questions About Ren

What is REN Used For?

REN’s main purpose is to enable interaction among blockchains that would otherwise be unable to interoperate. Using REN, individuals who hold assets on any independent blockchain (such as Bitcoin and Ethereum) are able to participate in DeFi protocols and opportunities on other blockchains without selling or transferring their original assets.

How Do Network Consensus and Validation Work on Ren?

The RenVM blockchain network operates on multiple underlying algorithms, including Byzantine Fault Tolerance (BFT), which allows the network to continue to operate even in the presence of defective nodes. Additionally, its security is enhanced by the underlying Shamir’s Secret Sharing algorithm that secures secret data like private keys held by different participants.

Secret Multi-party Computation (sMPC) is an algorithm that allows developers’ codes to be run without disclosing inputs or outputs. Ren’s other important feature is Hyperdrive, the blockchain consensus mechanism responsible for high-speed transaction processing.

Who is the Ren Founder?

The Ren blockchain network was founded in 2017 by software developer Taiyang Zhang and partner Loong Wang. The project is based in Singapore.

What is the Maximum Token Supply of REN?

REN has a total maximum supply of 1,000,000,000 tokens, of which 999,037,500.362 are currently in active circulation.

What Makes REN Different From WBTC and Others?

The fundamental difference between REN and WBTC is that the latter is backed by a centralized custodial entity, BitGo. This comes with potential issues since WBTC holders don’t actually hold the keys to their BTC assets once they are converted into WBTC.

The Ren network, on the other hand, locks original assets in wallets that owners can unlock and liquidate for a small fee at any time, as ownership is never transferred.

How To Buy REN?

REN can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live REN price is updated in real-time on Binance. Further REN price and purchase information can be accessed in Binance’s How to buy Ren (REN) Guide.