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Home » A Deep Dive Into Render: What Makes It Stand Out From The Myriad of Other Crypto Projects?

A Deep Dive Into Render: What Makes It Stand Out From The Myriad of Other Crypto Projects?

Render is one of the names you will come across when exploring crypto projects. This token is based on the ERC-20 token standard created on the Ethereum blockchain and was launched by Jules Urbach. It is backed by the Render Network, which is at the heart of what makes the token unique in the cryptocurrency landscape, and offers exciting benefits and numerous use cases.

Like any other cryptocurrency, the Render price has experienced significant price fluctuations, reaching a high of $13.53 and a low of $0.04, and has received some criticism due to market volatility, regulatory concerns, and technical challenges. Still, it’s an exciting crypto project that differs in many ways from other cryptocurrencies you may be familiar with. Below, we delve deeper into how Render works, its real-world applications, benefits, and more. Keep reading to discover more about it.

History of the Render Crypto Project

The concept of the Render Network was introduced by Jules Ubach, the project’s founder, in August 2017, with the aim of improving the accessibility of rendering services. The project was first built on top of the Ethereum blockchain, and its native token was called RNDR.

Before the introduction of the Render Network mainnet in 2019, RNDR tokens were sent to a new contract, with the aim of reducing the token supply to 536 million and ensuring escrow smart contract functionality. Next year, in April, Render was finally made accessible to the public.

In 2021, Render Network migrated its native token from Ethereum to Polygon because the former was facing network congestion issues and high gas fees, and in November that year, it finally announced that it would entirely switch to Solana, because of its notable features, like high network throughput, highly programmable infrastructure, and low latency.

The Render infrastructure’s migration was completed in 2023, with the new tokens issued on Solana changing their name to RENDER.