Render Network is a protocol based on the Ethereum blockchain that provides distributed GPU processing power. In this article, as Kriptokoin.com, “What is Render?” We will answer the question. In addition, we will touch on other questions about the project.
What is render? What does it do?
Render Network is a blockchain and crypto-enabled project that allows individuals to contribute unused GPU power to help projects create motion graphics and visual effects. In return, users receive Render (RNDR), the network’s native utility token. Render greatly simplifies the standard processes for rendering and streaming 3D environments and other visual effects by creating a peer-to-peer (P2P) network where people and businesses can cheaply and efficiently take advantage of underutilized computing power. As a result, the project is a fundamental building block for next-generation digital products and services in the metaverse.
Render also relies on smart contracts to ensure secure token exchange, mintage and protection of rights. The software that powers the entire platform is OctaneRender® and the power unit is OctaneBench®. OctaneRender now supports both NVIDIA and AMD GPUs. Additionally, both Windows and macOS users can use the software to share their computing power with the network.
OctaneBench® determines the power of graphics cards and uses metrics to classify the pricing tiers of services on the platform. It considers node reputation, security, speed, and cost to place the node in a particular pricing tier.
On top of that, the system network also offers, through its partnership with Sia, a practical, decentralized storage solution that helps creators keep all their valuable renders in one place.
What is RNDR coin?
RNDR coin is the native token of Render. It is an ERC20 token specific to Render Network. It is the utility token that allows holders to pay for services on a network. The entire network runs on Ethereum, which hosts numerous DeFi and DApp projects.
How does rendering work?
The Render Token ecosystem is built on the Ethereum blockchain. The network inherits the security and interoperability of that network. For example, RNDR token holders can store their tokens in any ERC-20 compatible wallet. Additionally, these tokens can be traded on any ERC-20 compliant exchange.
In the Render Token ecosystem, users submit their work to the community. The platform automatically calculates the amount of RNDR needed to perform the job. This data is then sent as an attachment detailing the features of a smart contract. The information is then broadcast over the Render Network. GPU owners in particular use OctaneRender to render the desired job.
What is render? How to get RNDR coins?
Render is currently traded on numerous cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. Exchanges where Render is traded are listed as follows: Binance, Bybit, Bitget, FTX. Users who want to invest in the project should open an account on one of these exchanges.
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