### What is Ren?
Ren is a distributed network that enables the movement of value between blockchains. It is designed to facilitate interoperability and cross-chain transactions, enhancing the accessibility of decentralised finance (DeFi).

### How does Ren work?
Ren works by using RenVM, a decentralised virtual machine that employs secure multi-party computation (sMPC) and Byzantine Fault Tolerance (BFT) to enable secure, privacy-preserving transfer of assets between blockchains. It allows digital assets to be converted and moved across different blockchain ecosystems without intermediaries.

### What are the potential use cases for Ren?
Ren enables various use cases, including:
- **Decentralised finance (DeFi) applications:** Allowing for the integration of non-native cryptocurrencies into DeFi platforms by converting them into network-compatible equivalents.
- **Cross-chain liquidity:** Facilitating liquidity between different blockchain networks without requiring an intermediary.
- **Private and trustless exchange:** Providing a platform for private and trustless cross-chain cryptocurrency exchange.
- **Over-the-counter (OTC) trading platforms:** Supporting private transactions and large-scale trades between parties.

### What is the history of Ren?
Ren was initially founded as Republic Protocol in July 2017 by Taiyang Zhang and Loong Wang, headquartered in Singapore. It launched as a decentralised dark pool for cryptocurrency trading in January 2018. The protocol evolved to introduce cross-chain asset transfer capabilities, leading to the launch of RenVM in May 2020 after a $34 million ICO. Over time, Ren has developed towards establishing a DAO and strengthened its technological features to support decentralised interoperability.

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