Ren x RAILGUN: Bringing Privacy and Interoperability to DeFi
RAILGUN and Ren Bring Privacy and Interoperability to DeFi
RAILGUN Privacy is excited to announce a partnership with Ren.
Ren is one of those rare crypto projects that brings immense value to the crypto-economy. As the crypto ecosystem grows, so do issues with cross-chain interoperability and Ren tackles these challenges head-on.
It is difficult to exaggerate the value of transferring assets across chains in a discrete manner without a centralized third party. Being able to directly transfer those assets into RAILGUN, enabling users to continue operating privately on-chain in the token of their choice, only serves to enhance that deep value proposition.
Ren-wrapped tokens such as renBTC and renZEC will be fully supported by RAILGUN, meaning users can take advantage of RAILGUN’s unparalleled privacy system in combination with the interoperability Ren offers. This marks an important milestone for the blockchain ecosystem — truly private interoperability.
Native RenVM integration via RenJS
This collaboration with RAILGUN will continue to be fruitful for both organizations into the future, facilitating mutual network expansion and bringing interoperability and privacy features to both ecosystems.
Separate announcements for each feature set above are coming soon, so stay tuned for more.
RAILGUN is a smart contract system providing privacy to cryptocurrency and DeFi users via Zero Knowledge Proof (ZK-SNARK) technology, implemented directly on the layer-one ETH chain.
When using RAILGUN, wallet addresses and all other identifiers are removed from transactions, where that information was previously available for anyone inclined to snoop. RAILGUN users enjoy privacy when trading, when using leverage platforms, when adding liquidity and even when interacting with Decentralized Applications (dApps).
Furthermore, not only is the RAILGUN technology ground-breaking, it is also easily portable — and is coming soon to numerous other smart contract-capable blockchains.