RenVM’s latest upgrade includes support for Fantom’s blockchain, bringing popular crypto-assets BTC, BCH, DGB, DOGE, FIL, Zcash and LUNA to Fantom’s ultra-fast, low fee DeFi ecosystem.
Fantom users enjoy significantly reduced transaction wait times and greatly decreased transaction fees. But unfortunately, users holding native assets on the other major blockchains don’t have that ability, until now. As Fantom’s RenVM integration comes into play, users from other networks can deposit their assets directly to Fantom using RenBridge and enjoy the low-fee, faster transactions ecosystem of Fantom. Users will also be able to directly deposit and withdraw their crypto assets to Fantom’s blockchain without having to go through multiple exchanges. With the integration of RenBridge, DeFi enthusiasts can now add and exchange almost all their assets across multiple blockchains to Fantom and make whatever trades necessary without having to rely on a centralized exchange.
The integration will support BTC, ZEC, BCH, and DOGE right off the bat. Others will go live