(RNDR Coin) is a distributed GPU rendering network built on the Ethereum blockchain, which aims to connect artists and studios in need of GPU computing power with mining partners willing to rent out their GPU capabilities.
During the private sale period, early adopters were entered into the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, until its public launch on April 27, 2020.
How RNDR Works
RNDR is an ERC-20 utility crypto token used by artists on the network to exchange GPU computing power from GPU providers (node operators).
RNDR Coin uses a combination of manual and automated proof-of-work systems, or in this case proof of render, to verify all art has been successfully rendered prior to disbursement of payments and art release.
Utilizing the inherent security properties of the Ethereum blockchain, proprietary assets are hashed as they are uploaded and sent to nodes piecemeal for rendering.
All RNDR payments are held in escrow during rendering, and released to node operators upon manual verification by the commissioning artist of a successful job.
To deter malicious actors in both user bases, all assets rendered on the network are watermarked until the payment is successfully disbursed, when renderings without watermarks can be downloaded, and all payments are held in escrow until manually verified as successful.#rndr #btc #bitcoin #future #fyi