RenBridge - Transfer Assets Between Blockchains - YouTube

RenBridge - Transfer Assets Between Blockchains Description: An easy way to bridge cross-chain assets between blockchains. RenBridge is a decentralized application (dApp) that allows individuals to mint real BTC, ZEC, and BCH on Ethereum as an ERC20 (renBTC, renZEC, renBCH). It also allows users to convert these ERC20s (renBTC, renZEC, renBCH) back to real BTC, BCH, and ZEC. RenBridge enables the simple wrapping of digital assets on different blockchains. For example, RenBridge allows users to take BTC and put it on Ethereum, as an ERC-20 called renBTC. Using RenVM, a universal translator, it converts digital assets to the format needed by its destination chain. For example, RenVM takes BTC, holds it, and then converts it to an ERC-20 with a 1:1 ratio to ensure your renBTC is always backed by the same amount of BTC.