Cryptocurrency Knowledge

WHAT IS RENDER?

GET TO KNOW RENDER

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What is Render (RENDER)?

Render (RNDR) is a cryptocurrency token linked to the Render Network.
WHICH IS A DECENTRALIZED PLATFORM DESIGNED TO FACILITATE GPU RENDERING.
Render Network leverages unused GPU resources from users around the world
To provide scalable and cost-effective rendering services for various applications
Includes motion graphics, visual effects, and 3D content creation

The Render Network works on the Ethereum blockchain and aims to make access to rendering capabilities independent.
By allowing users to engage with their own idle GPU power
This decentralized approach not only improves the speed of rendering.
But it also significantly reduces costs compared to traditional rendering solutions.

Founder/Date Founded:

Render Network was founded by Jules Urbach, CEO of OTOY Inc.
The idea for the Render Network first emerged in 2009.
And the first public token sale took place in October 2017.
After the private sales period from January to May 2018
Render Network was officially released to the public on April 27, 2020.

Objective/Use Case:

Render Network is a leading provider of GPU-based decentralized rendering solutions
This changes the digital creation process, linking users who want rendering services with those who offer idle GPU power.
By leveraging decentralized peer-to-peer networks
This platform frees up access to rendering resources, increasing the level of size, speed.
And economic efficiency like never before
In addition to providing a decentralized GPU processing infrastructure
Render Network also provides a platform for artists and developers to create services and applications for the emerging digital economy.

Decentralization:

The main goal is to create a decentralized platform.
That links users who want rendering services with those who offer idle GPU power.
This method frees up access to rendering resources.
Enabling artists and creators around the world to use high-performance processing power without investing heavily in hardware.

3D Rendering:

The platform is mainly used for 3D graphics rendering in various industries, including film, gaming and virtual reality.
Users can submit complex rendering tasks that require a lot of processing power, benefiting from faster processing times.

Artificial Intelligence and Machine Learning:

Render Network supports AI applications, providing the necessary processing resources for training machine learning models.
which facilitates the development of AI research and development.

Total supply/Limit or Unlimited:

Render Token (RNDR) has a total supply of 536.87 million tokens
Which, according to the Whitepaper document, said it would only limit the total supply.

Supply Deflation:

Render Network uses the Burn and Mint Equilibrium (BME) mechanism
which aims to manage the supply of RNDR tokens, which presents aspects of liquidity to Tokenomist.

Source:

Coinmarketcap: RENDER

Know.RenderNetwork

Renderfoundation: Whitepaper

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