RENGBP
Ren / Pound sterling
crypto

Ren, formerly known as Republic Protocol, is an open protocol that enables the permissionless and private transfer of value between any blockchain. Ren's core product RenVM, brings interoperability to decentralized finance (DeFi). Ren is built on a decentralized virtual machine, RenVM, that leverages zkSNARK and secure multiparty computations to validate proofs and run programs in zero-knowledge. As a general purpose virtual machine, any kind of program can be executed on RenVM while keeping its inputs, outputs, and state, completely secret. Programs on RenVM can also synthesize completely new data, that is not known to anyone, and still be governed by program logic. For example, a program could generate an ECDSA private key that it can use to sign transactions under specific conditions, without the key being known to anyone, including the program itself. This creates opportunities to rebuild existing financial applications, bringing privacy and Byzantine Fault Tolerance to them, but it also brings about entirely new applications that were not previously possible in decentralized environments. RenVM can be used to replace an ideal trusted third-party: providing absolute secrecy and correctness