Currently available in the United States; coming soon in 31 countries in Europe.
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REN was developed to be a peer-to-peer private exchange that allows the trade of any coin on any blockchain. It has gained popularity in the world of blockchain technology as a hybrid between blockchain principles and traditional distributed systems. Originally known as the Republic Protocol, REN runs on a network of Darknodes, which allows for complete privacy between exchanges.
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What is REN (REN)?
Launched in 2017, REN is the brainchild of a team of developers well-versed in finance. Their project originally focused on the distribution of darkpools as a way of preventing extortion by traders who might use over-the-counter order books to trade financial information without alerting the market. The REN token allows users to access their distributed darkpools, known interchangeably as darknodes, that work around the world to execute computations. Because they are distributed across various notes, the REM system is nearly impenetrable and fully decentralized.
REN (REN) Market Price Ticker Chart
About REN (REN)
By running a Darknode yourself, you can accumulate transaction fees in nearly any type of cryptocurrency, essentially becoming a proprietor of an intermediary block. But the main advantage of this peer-to-peer system is that it enables cross-blockchain exchanges in a single transaction without the need for a middleman.
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