Ren, an open protocol that allows the motion of worth between blockchains, has introduced the Avalanche blockchain platform has been built-in into RenVM. With Avalanche now supported on the RenVM Bridge, anybody can mint and burn the under property on Avalanche.
Native Ren Belongings Supported on Avalanche
$renBTC | Bitcoin (BTC) on Avalanche
$renBCH | Bitcoin Money (BCH) on Avalanche
$renDGB | DigiByte (DGB) on Avalanche
$renDOGE | Dogecoin (DOGE) on Avalanche
$renFIL| Filecoin (FIL) on Avalanche
$renLUNA | Terra (LUNA) on Avalanche
$renZEC | Zcash (ZEC) on Avalanche
This can be a direct bridge there is no such thing as a have to undergo Ethereum; thus permitting direct deposits and withdrawals to and from Avalanche with minimal fuel charges.
Now that the mixing is dwell, customers can bridge property by way of RenBridge or MetaMask. Initially, BTC, ZEC, BCH, and DOGE are supported with the others going dwell shortly.
Constructing Cross-Chain dApps on Avalanche with RenJS
Third-party builders can now construct cross-chain dApps on Avalanche with the RenJS SDK. This will likely be up to date over the approaching weeks with Avalanche-specific tutorials to make the method as clean as doable for builders. Extra info to get began is out there on GitHub.
“With the addition of Avalanche x RenVM assist, each protocols will profit considerably. Avalanche will achieve extra utility and RenVM will see much more velocity circulate by way of the ecosystem. We couldn’t be extra excited for this to go dwell, so unfold the phrase and keep tuned for extra to come back.”
– The Ren Group
Avalanche is an open-source platform for launching decentralized purposes and enterprise blockchain deployments in a single interoperable, extremely scalable ecosystem. Avalanche is a decentralized sensible contracts platform constructed for the dimensions, with near-instant transaction finality. Ethereum builders can rapidly construct on Avalanche as Solidity works out-of-the-box.
“Interoperability is vital in compounding the expansion of decentralized finance. An increasing number of sensible contract-enabled blockchains will launch, and it will likely be as much as the customers to resolve, which platform works greatest for them. RenVM’s seamless, trustless bridge will make this choice considerably simpler. I’m excited to see what property DeFi customers select to convey over to Avalanche.”
– Jay Kurahashi-Sofue, VP of Advertising at Ava Labs