November Development Update

Loong
Loong
Nov 21, 2019 · 3 min read

This month brought with it the launch of RenVM Chaosnet. This marks the completion of our first step in the RenVM Mainnet Release Plan and is a significant milestone for RenVM and the broader DeFi ecosystem. If you missed it, check out the announcement here.

Alongside RenVM Chaosnet, we launched ChaosDEX: the first decentralised exchange (DEX) that supports BTC, ZEC, and BCH. The purpose of ChaosDEX is to demonstrate what is possible with RenVM and to generate real-world incentives for the Darknodes that power RenVM Chaosnet. So far, the launch of RenVM Chaosnet and ChaosDEX has seen:

  • 60+ Darknodes launched by members of the community
  • Over $6,500 of liquidity added to ChaosDEX
  • Over $3,000 traded in ChaosDEX
  • $0 lost
  • 100% up-time
  • No critical bugs

These results are quite encouraging and show that RenVM Chaosnet is an ideal release candidate for RenVM Mainnet SubZero. The Ren dev team has gained significant confidence in the performance and security of RenVM.

Beyond RenVM Chaosnet, a lot of other development work continues:

RenVM

  • Minor memory leaks were found and fixed. These memory leaks were small enough that RenVM Chaosnet would have only been affected after several more weeks of operation.
  • Minor networking bugs were found and fixed. These fixes are currently undergoing testing and review before being deployed to Devnet, Testnet, and then finally Chaosnet.

Darknodes

Dev Tools

Smart contracts

Other

  • ChaosDEX will be transitioning from SAI to DAI in the coming weeks. Please follow us on Twitter and subscribe to our Telegram announcement channel so you don’t miss out on information about this transition.
  • Check out the ChaosDEX stat page if you haven’t already.

This month has been one of the most exciting times for our team, especially with the launch of RenVM Chaosnet. Over the coming weeks, we will continue improving the user experience for ChaosDEX and Darknodes, while working with auditors to gain even more confidence in the security and stability of the software we have built.

RenVM Mainnet is closer than ever, and we are more excited than ever for the next phase.

— Loong Wang, CTO, Ren


About Ren

Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain.

Website | Docs | Telegram | Announcements | Twitter | Reddit | Github

Ren Project

Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain.

Loong

Written by

Loong

Building an open protocol that facilitates the permissionless and private transfer of value between any blockchain | CTO at Ren

Ren Project

Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain.

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