Ren is a decentralized trustless custodian. It can store any blockchain's tokens on it's protocol. The obvious, most notable, token that has been integrated is Bitcoin. But you have to understand the implications of this. Fortune 500 companies will never trust Ethereum with significant amounts of their equity on Ethereum. They will have their own blockchains or use Libra. That means they will impart the risk on the buyer of their equity if the buyer wants to use defi protocols(aave,compound). Decentralized Custodians are the next step in crypto.
>Speed
Ren modified Tendermint, the BFT consensus software Cosmos created to achieve 10,000 transactions per second. This is almost 6 times as fast as VISA. They basically stripped Cosmos down to an exchange level and built it on top Ethereum(a 100k bond of the Ren erc20 token is needed to run a dark node). The Ren team realized Cosmos and Polkadot will never achieve Ethereum's liquidity and network effect, as Ethereum will become the settlement layer of finance. Ren's first implementation with Bitcoin, Zcash, and Bitcoin Cash is a red herring in a way. They will become the scaling solution for Ethereum, as 10,000 TPS is currently 5 times faster than zkrollups, what loopring implemented. Ren will be the offchain solution for ALL ERC20 TOKENS
The reason blockchains want to have wrapped coins on ethereum is to get exposure to it's stablecoin liquidity. Ethereum has billions worth of stablecoins that will not move to another eth killer. Also, aave,compound, and Maker allow for leveraging assets in decentralized, trustless liquidity pools. Maker is begging for more assets to maintain dai's peg to the dollar. They were so desperate they implemented Wrapped Bitcoin which isn't decentralized(Ren team helped them). But AAVE is on the Ren alliance and will be the first defi protocol to implement renBTC and allow to be leveraged.This is confirmed by their integration dev. If you can't afford a dark node, aave is the next best option. There will be a liquidity pool for hundreds of millions of renBTC on aave before Maker gets out of bed.
Why not simply use cosmos? Ren has copied cosmos, so...
Kevin Barnes
Nobody will ever use your eth killer. Give it up.
Hunter Scott
Cosmos will never have the liquidity or network effect of Ethereum. Ethereum has a cultish following of developers. What's brilliant is this is juxtaposed by institutions who trust ethereum with onboarding their stablecoins. Coinbase has put billions worth of usdc on ethereum, and one of their executives executive was chosen as COO of the US Office Comptroller of the Currency. Binance trusts ethereum with their stablecoin. Gemini(Winklevoss) bros trust ethereum with their stablecoin.
Oliver Turner
I can buy 100k ren and 100k aave right fucking now. Will I make it if I do this?
Oliver King
I wish there were less devs trying to compete and kill other projects. There are so many opportunities to build parallel to bitcoin and ethereun, or build on top of bitcoin or ethereum.
Dominic Smith
non hateful. rational free advice to tezos, cosmos, and all "eth killers" you are right. eth has lots of flaws with it. you were smart to realize that. BUT you guys need to accept that the war is over. eth for all its gay flaws and middling project management, achieved network effect dominance. Your best 3 options in order: (a) hop on eth train (b) do as REN has done and come up with cross chain solutions (c) say fuck eth, but push btc solution like rootstock or native simplicity language once released
these are the only 3 paths that will have any long term future moving forward.
Brody Moore
>Zig Forums better wake up to Ren and AAVE and here's why: I'm holding bags.
