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Author Topic: Republic Protocol [REN] - first decentralized dark pool  (Read 17654 times)
x3one
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August 13, 2019, 02:33:29 PM
Last edit: August 13, 2019, 02:54:34 PM by x3one
 #61

When people will be able to create own DEX on your protocol? 3 blockchains is very few. ZEC is not so popular and ETH is not using a lot nowdays.
You can start doing it right now, you need to apply, to access Testnet:
https://renprotocol.typeform.com/to/kARAnf

We very much encourage dev teams to do this now via MVPs and start experimenting!
With these docs:
1) RenVM Overview Documentation: https://docs.renproject.io/ren
2) RenVM Developer Documentation: https://docs.renproject.io/developers
3) RenVM SDK: https://www.npmjs.com/package/@renproject/ren
4) Example for Devs: https://github.com/renproject/uniswap

ZEC - may not be as popular, but this is your subjective opinion.
It is important to understand that efficiency is not measured by the number of connected blockchains.
Why do? Because if you have built your own Dapps based on RenVM - you can connect any blockchain to your DApps yourself. At the same time, you can configure the exchange of liquidity with other Dapps, according to pre-established rules. To do this, you do not need to contact the development REN team. Just as you do not need to contact the developers of a third-party blockchain that you want to connect. You ask such questions (about the number of supported blockchains) because you are used to thinking about interoperability as a standard to be adopted. But other blockchains should not take REN in as standard, so REN could work with them.

Going back to Zcash -  it's a delightful project with very hard cryptography. To establish the interoperability between ZCash and Ethereum, preserving the built-in propertis privacy of transactions, which have zcash - is difficult, but really.


*Perhaps your next question will be about the speed and performance of REN Smiley you can safely ask, I'm happy to answer you in detail.  But I will say in advance that speed is important, but the answer will be similar to the answer "about the number of supported blockchains":
It does not matter how many transactions per second - it's important to have enough Tps to keep up with the speed of a compatible blockchain

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telegram group REN Russia (Unofficial) https://t.me/renrussia
beachbummer
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August 13, 2019, 03:25:03 PM
 #62

Just a quick question on blockchain interoperability that REN attests to be able to handle.

If person A wants to use a smart contract on REN such that person B is only paid when a condition is achieved, which address does he send the BTC in order for REN to convert them into a BTC-equivalent on the ETH chain, and who controls that wallet? Is it to a special BTC multi-sig wallet where only a set of darknodes must collaborate to decipher the private key?
x3one
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August 13, 2019, 05:21:45 PM
 #63

Just a quick question on blockchain interoperability that REN attests to be able to handle.

If person A wants to use a smart contract on REN such that person B is only paid when a condition is achieved, which address does he send the BTC in order for REN to convert them into a BTC-equivalent on the ETH chain, and who controls that wallet? Is it to a special BTC multi-sig wallet where only a set of darknodes must collaborate to decipher the private key?

The reality of interop with Bitcoin is that the most custody you can model for some BTC is 20 signatures in a multi-sig; it’s a fundamental restriction of the protocol.
To go further than this, you need something like sMPC. RenVM is the only solution I’m aware of that takes this approach with an sMPC algorithm that is fault tolerant (Dev team did a lot of R&D into this space to make this possible).
If you think about porting Bitcoin to another blockchain, the best you can do is a X-out-of-20 multisig. This isn’t decentralized. So while cosmos blockchains are interoperable with other cosmos chains (or, similarly, polkadot to other polkadot chains), they cannot easily interop with other blockchains that don’t implement their protocol. The best you can do is bridges or “pegged zones” and there’s a lot of trust there (pegged zones for BTC would cap out at 20 custodians, not even as much as EOS which is widely criticised for not being decentralised).

Im just referring to the underlying way in which many chains “bridge” BTC. Users send the BTC to a multisig, and then the custodians of that multisig mint a representation of BTC into the other chain. When the user burns the representation on the other chain, the custodians of the multisig send them the BTC back. Problem is: Bitcoin only supports up to 20 parties in a multisig and even these are rarely mined.

RenVM takes a different approach by letting 1000s of nodes take custody of a key (essentially creating up to an X-out-of-10000 multisig). All blockchains use private keys, and therefore all blockchains are compatible with RenVMs model without having to change. RenVM could even port polkadot chains to cosmos chains!
Instead of a using a multisig, RenVM uses just one private key to hold the BTC while it’s on the other chain. That private key is secret shared amongst its nodes, allowing a high degree of decentralised control. In effect, it is a massive 192 party multisig (it’s not actually though, and you wouldn’t use it in the same places you would use a multisig, it’s just a convenient way to think about how RenVM works under the hood).

more:
https://docs.renproject.io/ren/renvm/introduction#interoperability
and
https://renproject.zendesk.com/hc/en-us/articles/360020553254-Privacy-and-Interoperability-Questions-March-2019

I'm REN Ambassador and creator
telegram group REN Russia (Unofficial) https://t.me/renrussia
zoata87
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February 24, 2020, 08:16:07 PM
 #64

RenVM February Development Update

  • Launched RenLab
  • MakerDAO BTC Vault at ETHDenver
  • Further performance and testing improvements to RenVM

"...It’s been another busy month for the dev team, and we are already beginning to set our sights on the many tasks to come after the first production release of RenVM...."

Complete Article:
https://medium.com/renproject/february-development-update-fb34e7339f86

RenVM + MakerDAO BTC Vault Demo @ ETHDenver 2020:
https://www.youtube.com/watch?v=7nqTpNt4BD0
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May 05, 2020, 10:17:00 AM
 #65

50 new members join the Decentralized Financial Alliance Ren, a post was written about it on bravenewcoin
https://bravenewcoin.com/insights/50-members-join-the-ren-defi-alliance
mich
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May 27, 2020, 12:32:08 PM
 #66

Ren Launches Tokenization Engine to Bolster Cross-Chain Liquidity

Ren has launched the RenVM, facilitating tokenized Bitcoin, Bitcoin Cash, and Zcash for use on the Ethereum ecosystem.

https://cointelegraph.com/news/ren-launches-tokenization-engine-to-bolster-cross-chain-liquidity

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SunnyOrbit
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June 29, 2020, 03:24:52 PM
 #67

RenVM DarkNode is up and running…
6$ reward after 4h registered!

https://aws1.discourse-cdn.com/business7/uploads/toshitimes/original/2X/0/0b1ede887f76b643e96695e1130d9bb296364265.png

Im running the node on a !free! AWS EC2 Micro Instance.
Its completely free for one year and I hoped the resources are enough…
Up to now it seems to work as you see in the pic.
https://aws.amazon.com/free/?all-free-tier.sort-by=item.additionalFields.SortRank&all-free-tier.sort-order=asc

I just followed the tutorial and it was quite seamless even when I had my first contact with AWS.
https://docs.renproject.io/darknodes/getting-started/how-to-setup-a-darknode-with-amazon-web-service-aws
cheers!
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July 14, 2020, 12:07:50 PM
 #68

Since the release of RenVM to phase sub-zero mainnet last month, I have been astonished at the rate of adoption. Yesterday, the network passed $41M USD volume and 4.1M blocks, a happy coincidence.

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Mankov (OP)
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August 14, 2020, 04:30:23 PM
 #69

Yes seems to be a good longterm investment.
Mankov (OP)
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September 01, 2020, 08:32:11 PM
 #70

Is there a swap planned or so?
Or can we just keep the coins in our wallet?
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October 22, 2020, 06:20:38 PM
 #71

Ren Ecosystem Update (October 2020)

- RenVM Reaches One Billion in Total Volume
- For users in the United States, REN has been listed on Coinbase
- RenVM Fee Increase | Minting 0.2% (20 BPS)
- Ren in DeFi
- Ren Ecosystem Advocation
- New Ren Alliance Members
- New Ren Employees
- Ren Team Interviews
- RenVM Statistics | Track Growth
- Current RenVM Network Stats
- Ren in the News & Miscellaneous Mentions
- Community Member of the Month


Learn more: https://medium.com/renproject/ren-ecosystem-update-a43dc70a12fc.
BitMaver
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December 04, 2020, 08:26:00 PM
 #72

The DeFi Bridge Integrates RenVM


The DeFi Bridge has integrated RenVM via RenJS. The DeFi Bridge is a simple dApp (similar to RenBridge) that is built by Codefi, an arm of ConsenSys. The dApp allows individuals to mint and burn assets to and from Ethereum.

https://medium.com/renproject/the-defi-bridge-integrates-renvm-d3ada4903914
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December 28, 2020, 04:55:42 PM
 #73

OpenDAO Integrates RenVM

Over the last few months, OpenDAO has been working closely with the Ren and UMA teams to build a new interface for the Yield Dollar (yDollar) which will eventually transition to the USDO stablecoin minter.
As part of this build, the team at OpenDAO has integrated RenVM, allowing BTC to be used as collateral in a seamless manner for the minting of the yield dollar. By implementing RenVM, Bitcoin holders can now use their BTC as collateral for minting the yield dollar, and eventually USDO.

You can go to ydollar.opendao.io now to mint Yield Dollars with your BTC!

Read more: https://medium.com/renproject/opendao-integrates-renvm-75d9a51fca9b.
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February 01, 2021, 08:59:12 PM
Last edit: February 01, 2021, 09:09:45 PM by BitMaver
 #74

OpenDAO & RenVM Bring Dogecoin to Ethereum

Dogecoin ($DOGE) is now available on Ethereum as $renDOGE!

Users can now mint $renDOGE with $DOGE on OpenDAO’s dApp and use it within DeFi, as with any other ERC20.
With this simple dApp the public can mint and burn Dogecoin to Ethereum in a few easy steps.


Read more here
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July 16, 2021, 05:17:40 PM
 #75

Ren's News Feed Integrated with Crypto.com

Through Crypto.com's Ren (REN) Page, you can now directly access Ren's RSS feed. This feature will enable Crypto.com users to obtain the latest news and updates on Ren. Crypto.com users can stay on top of the latest updates for Ren's products and services in addition to accessing the latest REN news, trading volume, live charts, and market capitalization data.

https://medium.com/renproject/rens-news-feed-integrated-with-crypto-com-72360ef8fc6d
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July 23, 2021, 07:04:19 PM
 #76

Hippodrome Integrates RenVM


Hippodrome has integrated RenVM via RenJS and released the first native integration for Polygon. This marks one of the first DEX aggregators using RenVM to allow native asset trading along with a native deposit and earn functionality into liquidity pools on Polygon!
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