Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Saturday, July 5
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » RenVM Brings Cross-Chain Functionality to Fantom
News

RenVM Brings Cross-Chain Functionality to Fantom

AB News DeskBy AB News DeskMay 30, 2021No Comments2 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
RenVM Brings Cross-Chain Functionality to Fantom - AlexaBlockchain
RenVM Brings Cross-Chain Functionality to Fantom
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

With the integration of RenVM bridge, Fantom’s already popular DeFi ecosystem can carry out instant exchange between many more major inter-chain crypto currencies.

Singapore, May 30, 2021 /AlexaBlockchain/ – RenVM, an open protocol supporting cross-chain functionality, has integrated with Fantom providing a direct bridge for Bitcoin, Zcash, Bitcoin Cash and Dogecoin on Fantom.

This marks a massively significant advancement in Fantom’s infrastructure, which allows currencies from other blockchains to be exchanged on their blockchain as well. Integrating these new currencies allows Fantom to use them as well and brings a stable, secure trading platform to their technology.

Why does it matter? CryptoCurrency exchanges exist primarily on their own blockchain networks and they are not as easily exchanged between tokens that exist in another blockchain.

With the integration of RenVM bridge, Fantom’s already popular DeFi ecosystem can carry out instant exchange between many more major inter-chain crypto currencies. By utilizing the expanding space of Fantom’s blockchain network they can support thousands of transactions occurring simultaneously between tokens from different blockchains, between users. This will open up Fantom not just as a developer platform that gives excellent speed and fees but as a global trade broker between investors and spenders as well.

Direct usage of Bitcoin, Bitcoin Cash, etc. avoids the lengthy process and transaction fees for having crypto exchanged using multiple platforms. Fantom streamlines the process and the exchange will be nearly instant. This has also opened the door for Fantom to look forward to new projects and assets to assist in this development.

The inegration of RenBridge enables Bitcoin, Zcash, Bitcoin Cash and Dogecoin to be supported on Fantom, with additional integration of more tokens to follow as RenVM adds support for them.

Fantom’s open-source, decentralized network is highly inviting for these new digital currencies and allows users to keep their assets in their own wallets and not in centralised exchanges.

This venture also links Fantom to other established blockchain applications centered around distribution and ease of control over digital assets. More RenVM integrated platforms will be able to connect with Fantom’s expanding blockchain network to allow faster communication and more secure peer-to-peer sales and connections.

RenVM inegration places Fantom into the same suite of applications and established programs which handle high volume blockchain activity, allowing its network to become more versatile while also integrating cryptocurrencies from other blockchains to its list of beneficial assets.

Fantom Fantom (FTM) RenVM Singapore
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
AB News Desk
  • Website

AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

More AlexaBlockchain

Anchorage Digital Adds Full Support for JitoSOL

July 1, 2025

Shardeum Launches India’s First PayFi Mini Hackathon in Partnership with WeCraft Studio

June 30, 2025

Billions Network Launches Its Digital ID App

June 26, 2025

Bitget Leads Altcoin Liquidity Among Major Crypto Exchanges, According to CoinGecko Report

June 26, 2025

Shardeum Collaborates with MEXC to Launch “SHM Party” Trading Campaign with 300,000 SHM Prize Pool

June 26, 2025

Bitget Launches On-Ground Blockchain Awareness Drive in Hyderabad, Ahmedabad and Mumbai

June 25, 2025
Add A Comment

Comments are closed.

Don't Miss

Moku Appoints Web3 Veteran Kathleen Osgood as Chief Business Officer

VeChain Launches StarGate Staking Program

Anchorage Digital Adds Full Support for JitoSOL

Maple Finance Adds weETH as Collateral

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.