I'm curious about the workings of RenBridge. Could someone explain how it functions and what role it plays in the blockchain ecosystem?
5 answers
TaekwondoMasterStrengthHonorGlory
Wed Oct 30 2024
RenBridge stands as a decentralized application, offering unique functionality within the crypto sphere.
Lucia
Tue Oct 29 2024
Through RenBridge, individuals have the ability to mint real BTC, ZEC, and BCH on the Ethereum network.
GwanghwamunGuardian
Tue Oct 29 2024
These cryptocurrencies are converted into ERC20 tokens, specifically known as renBTC, renZEC, and renBCH.
SsangyongSpiritedStrengthCourageBravery
Tue Oct 29 2024
The dApp doesn't just stop at minting. It also provides users with the option to reverse the process.
GinsengBoost
Tue Oct 29 2024
Users can convert their renBTC, renZEC, and renBCH back to their original forms of BTC, BCH, and ZEC.