Ren: A DeFi Gem? [$REN] | Bringing Bitcoin to Ethereum's Chain

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    tomheavey

    Published on Apr 30, 2020
    About :

    DeFi and Bitcoin. MakerDAO using BTC as collateral. What could be a perfect match hasn't been achieved because of a major hurdle; Bitcoin and Ethereum cannot communicate.

    RenBTC, tBTC, imBTC, wBTC. There are numerous projects trying to achieve Bitcoin-Ethereum interoperability, but Ren have a unique approach. Why? Because building a successful bridge between the two biggest blockchain projects is a big opportunity.

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    🧐 DESCRIPTION (cont'd)
    Like many of these solutions, Ren will create an ERC-20 token on the Ethereum chain which represents Bitcoin; namely RenBTC. There are similar projects already doing this such as Wrapped Bitcoin (wBTC), but the major difference is Ren has placed decentralisation at the forefront.

    With this in mind, Keep Network's tBTC is arguably a more similar competitor in the sector, but the two projects have major design differences.

    In this video, I sit down with Ren's CTO, Loong Wang to discuss Bitcoin and Ethereum interoperability in greater detail. Enjoy!

    🚶 FOLLOW REN
    https://renproject.io/

    DISCLAIMER
    All sponsored content is clearly highlighted. If a disclaimer is not provided in the video, I have NOT received any compensation.

    This is not financial advice. The speaker is not a qualified financial advisor. These videos are intended for entertainment and general information purposes only. Nothing herein shall be construed to be financial, legal or tax advice.

    The content of this video are solely the speaker's own personal opinions, who is not a licensed financial advisor. Purchasing Cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

    This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.

    Tags :

    crypto cryptocurrency blockchain ren bitcoin ethereum

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