CJ - Cryptocurrency Enthusiast
Render Token (RNDR) is a cryptocurrency project that has caught the attention of many in the crypto market investment industry. The project is aimed at linking artists and studios with mining partners who can provide GPU compute power in exchange for RNDR tokens. This ERC-20 utility token is used by artists on the network to pay for the services offered by Render Network, a distributed GPU rendering network built on top of the Ethereum (ETH) blockchain. The project aims to solve GPU limitations and improve inefficiencies in the current system by tapping into the unused resources of idle GPUs.
The Render Network provides creators with access to GPU power to render final images at higher speeds and lower costs than previously available. In this network, node operators rent out their spare GPU to creators and receive RNDR tokens for time spent rendering. By utilizing the inherent security properties of the Ethereum blockchain, the network ensures the safety of all transactions. Proprietary assets are hashed upon upload and sent to nodes piecemeal for rendering. RNDR payments are stored in escrow during rendering and are released to node operators upon manual verification by the commissioning artist of successful work.
RNDR tokens are built on the Ethereum network and can be stored in any crypto wallet compatible with Ethereum-based ERC-20 tokens. Popular wallet providers like Ledger, Trezor, MyEtherWallet, Trust Wallet, and MetaMask provide secure and user-friendly options for storing RNDR. RNDR can be bought and sold on the cheapest coin site called BC Bitcoin, where it is trading against major fiat currencies: GBP and EUR. With Render Token (RNDR), artists can access the necessary compute power to create high-quality content and benefit from the security and efficiency of the Ethereum blockchain.