What is REN?
The REN token is native to the Ren protocol, which has a focus to solve interoperability issues in the blockchain ecosystem. REN was founded by two Australian software developers Taiyang Zhang and Loong Wang in late 2017. It aims to make the transfer of cryptocurrencies between different blockchains easy and in a trustless manner. The REN mainnet launched in May 2020, making it possible to use Bitcoin, Bitcoin Cash and Zcash on the Ethereum blockchain. This is achieved by REN’s unique cryptocurrency wrapping protocol called the Ren Virtual Machine. More recently, it has added support for DigiByte, Dogecoin, Filecoin and Terra on Ethereum and the Binance Smart Chain.