| General information | |
|---|---|
| Global rank: | 861 |
| Name: |
renBTC |
| Symbol: | RENBTC |
| Current coin price (KRW): | 94 269 235.32 ₩ |
| Last hour: | arrow_downward-0.760 % |
| Last 24 hours: | arrow_downward-5.02 % |
| Last 7 days: | -7.25 %trending_down |
| Capitalisation (KRW): | 31 101 379 740.39 ₩ |
| Volume 24h (KRW): | 218 038.68 ₩ |
| Available supply: | 330.00 RENBTC |
| Total coin supply: | 8 295.68 RENBTC |
| Algorithm: | ETH Token |
| Start date: | 24/08/2020 |
renBTC/South Korean Won (RENBTC/KRW) price chart
renBTC/South Korean Won (RENBTC/KRW) capitalisation and volume charts
RenVM implements universal interoperability using the tokenised representation model. However, it introduces several advances that aim to solve many of the technical and economic problems in existing models.
RenVM was created to replace the role of the trusted custodian with a decentralised custodian. This decentralised custodian is implemented using the RZL MPC algorithm, which can generate and manage ECDSA private keys without exposing them (not even to the machines that power RenVM). This improves on WBTC and imBTC by removing the need to trust a centralised custodian.
renBTC (RENBTC) is a one for one representation of BTC on Ethereum via RenVM.