Render (RNDR)
Render (RNDR)
RNDR is a utility token based on the ERC-20 standard. It serves as a medium of exchange within its network. Artists use RNDR tokens to acquire GPU computing power from node operators who provide this service. The network employs a hybrid system that combines manual and automated proof of work termed 'proof of render' to ensure that artwork is fully rendered before the artist's payment is released and the final artwork is delivered.
Moreover, This system capitalizes on the Ethereum blockchain's robust security features; it hashes proprietary assets at the time of upload and distributes them in segments to the nodes for the rendering process. This method ensures the integrity and security of the assets throughout the rendering cycle.
As per the coinmarketcap.com, the most recent price of Render is 40.35% lower than its all-time high which was recorded three months ago. Still, the render crypto boasts 76% gain in the last two quarters and 332% rise in the last 12 months.
At the time of writing, the RNDR token was hovering close to $7.8 with a live market capitalization of 3.03 Billion USD. It has 388.64 Million tokens in circulation out of a total 532.07 Million RNDR tokens
RNDR is a utility token based on the ERC-20 standard. It serves as a medium of exchange within its network. Artists use RNDR tokens to acquire GPU computing power from node operators who provide this service. The network employs a hybrid system that combines manual and automated proof of work termed 'proof of render' to ensure that artwork is fully rendered before the artist's payment is released and the final artwork is delivered.
Moreover, This system capitalizes on the Ethereum blockchain's robust security features; it hashes proprietary assets at the time of upload and distributes them in segments to the nodes for the rendering process. This method ensures the integrity and security of the assets throughout the rendering cycle.
As per the coinmarketcap.com, the most recent price of Render is 40.35% lower than its all-time high which was recorded three months ago. Still, the render crypto boasts 76% gain in the last two quarters and 332% rise in the last 12 months.
At the time of writing, the RNDR token was hovering close to $7.8 with a live market capitalization of 3.03 Billion USD. It has 388.64 Million tokens in circulation out of a total 532.07 Million RNDR tokens
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