RenVM is a distributed network that connects a growing number of blockchains, enabling users to move cryptocurrencies between them. When a new blockchain is added to RenVM, it instantly becomes connected to every other supported blockchain.RenVM is open to all developers to build their own user interfaces, applications or bots, and allow their users to access cross-chain liquidity and move tokens between blockchains.
By combining consensus with secure multi-party computation (MPC) algorithms, RenVM is able to instantiate a decentralised, permission-less, and trust-less custodian capable of locking assets on one chain and minting one-to-one pegged representations of them on other chains.