RenBTC is an ERC-20 token on the Ethereum network, pegged to Bitcoin. This implies that each RENBTC can always be redeemed for one Bitcoin, thus generally maintaining a value close to the Bitcoin market rate.
RenBTC is created on the Ren platform, an open protocol facilitating inter-blockchain liquidity. It enables the transfer of assets from various blockchains to decentralized applications (DApps) on Ethereum. Key supported cryptocurrencies include Bitcoin (BTC), Bitcoin Cash (BCH), and Zcash (ZEC).
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