Ren unleashes RenBridge 2.1, focuses on decentralizing UI By BTC Peers

0
14

Ren unleashes RenBridge 2.1, focuses on decentralizing UI

Blockchain project Ren announced the launch of its RenBridge 2.1 on Thursday. The new upgrade features some improvements to RenBridge and its codebase.

One of the key improvements introduced by RenBridge 2.1 is the transition to a more decentralized UI. Moving forward, the UI will no longer rely on a centralized system for order storage. This is made possible through the removal of Firebase for “transaction persistence.” In the place of Firebase, RenBridge will now rely directly on storage by RenVM. Ren explained:

This essentially works by the gateway address generating a nonce. The nonce is calculated from a 24-hour window and user wallet address, so the “storage” is achieved by scanning gateway addresses, one address for one day. Overall, this results in a more decentralized dApp as it doesn’t rely on an external single entry API like Firebase.

In addition to the improvement to the UI introduced by RenBridge 2.1, the removal of Firebase makes the new codebase easier to fork.

As of press time, the team was yet to disclose a fixed date for the deployment of RenBridge 2.1. However, it is expected to go live before the end of April.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.