renBTC links Bitcoin to Ethereum via RenVM.
renBTC is a decentralized token representing Bitcoin on Ethereum, enabling cross-chain transfer with privacy, security, and pegged value, supported by RenVM's Darknodes network.
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What is renBTC (RENBTC)?
RenBTC is an ERC-20 token within the Ren project, enabling cross-chain exchange without needing permission. It uses RenVM, an sMPC network, to represent tokens like Bitcoin on Ethereum, with renBTC being a 1:1 representation of BTC. Ren, founded in 2017 by Taiyang Zhang and Loong Wang (formerly Republic Protocol), aims to bridge Bitcoin and other tokens to Ethereum, supporting DeFi interoperability. RenBTC can be minted by sending BTC to a RenVM address, which locks the BTC in a smart contract and mints renBTC. Reverting to BTC involves sending renBTC back to RenVM, where it's burned, and the BTC is released. This process doesn't require KYC. The 1:1 supply ensures renBTC's price is pegged to Bitcoin, redeemable at BTC's current price. A key benefit is enabling BTC users to engage in Ether...
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renBTC price live information
As of now, renBTC is trading at 16 250.712462 USD, with a 24-hour trading volume of approximately 0 USD. The RENBTC to USD price is updated in real time. Over the past 24 hours, renBTC has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 5.36M USD. Currently, there are 329.894751 RENBTC in circulation out of a maximum supply of 329.894751 RENBTC.
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