Ren

Ren REN

$0.1977
Market Cap $ 175.036 MM (#84)
24h Volume $ 57.002 MM
Chg. 24h: 16.37%
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Ren project purpose and description

Ren clarity of purpose

Ren purpose and aspects

Transfer tokens in zero-knowledge, trustlessly swap between blockchains, trade on a dark pool, build any privacy preserving application. Never reveal anything.

Ren categories

Privacy

Short description

Ren is an ecosystem for building, deploying, and running general purpose, privacy preserving, applications using zkSNARK and our own newly developed secure multiparty computation protocol. It makes it possible for any kind of application to run in a decentralized, trustless, and fault tolerant environment similar to blockchains but with the distinguishing feature that all application inputs, outputs, and state, remain a secret even to the participants running the network.

Abstract

Blockchain technology has proven itself as a viable platform for financial applications. It has promised a future where users control their own data, and developers can build application logic on a trustless distributed computer. However, before decentralized technology can realize its full potential we must first solve the problem of privacy. Without privacy, it is impossible to build more advanced financial applications, or to build general purpose decentralized applications that truly respect the privacy and sovereignty of users and their data. Ren is an ecosystem for building, deploying, and running general purpose, privacy preserving, applications using zkSNARK and our own newly developed secure multiparty computation protocol. It makes it possible for any kind of application to run in a decentralized, trustless, and fault tolerant environment similar to blockchains but with the distinguishing feature that all application inputs, outputs, and state, remain a secret even to the participants running the network.

Link to Roadmap: https://medium.com/renproject/renex-roadmap-update-1-b99c8369d42a
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