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CoinMarketCap shows that among the top performers on Sunday, Render (RNDR) has achieved a 41% gain over the past week. Cryptocurrency actually dominated the list of leading coins of the day.
Render (RNDR) has been one of the top performing crypto assets over the past few weeks. Render allows owners of the increasingly powerful graphics processing unit (GPU) industry to provide computing power during times of low demand.
Source: CoinMarketCap
Rendering (RNDR) – At a Glance
The Render Network (RNDR) is a decentralized, high-performance distributed computing platform based on the blockchain. It was designed to help film, animation, gaming and architecture companies complete complex rendering projects quickly and inexpensively.
To meet the demand for large-scale rendering projects, the RNDR network offers a scalable and decentralized solution that allows users to use the underutilized GPU resources of other network members to speed up their rendering processes.
RNDR Coin is an online currency that can be exchanged for computer power, wagered against network rewards, and used to elect leaders. Thus, the RNDR network uses blockchain technology and distributed computing to completely redefine the rendering process.
The network draws attention
It’s no surprise that rendering has received a lot of attention lately, due to the spread of the metaverse and the growing need to provide services to a wide range of businesses. So the recent surge in RNDR shouldn’t come as a surprise: there’s a widespread consensus among the rendering community to be prepared for the inevitable increase in demand.
The render debuted in 2017 and spent the first half of 2018 in a private sale. Render uses the built-in security features of Ethereum when uploading and handing over nodes to operators, since the network is based on the Ethereum blockchain.
Source: Koingeko
RNDR is gaining momentum
At the time of writing, RNDR was trading at $2.47, up 41% from last week. The token is up 46% over the two-week period while maintaining a solid 93% gain over the month-to-month period, data from cryptocurrency market tracker Coingecko shows.
Render Network Proposal 002 and Render Network Proposal 003 were recently given the green light by the Render project management team.
RNDR/US Dollar is trading at $2.4550 on the daily TradingView.com chart.
The goal of RNP-002 is to allow more users to participate in the decentralized network infrastructure by adding more layers 1.
Final results:
• RNP-002: 4.8M RNDR to approve and has met minimum quorum for final vote at 99.26% approvalhttps://t.co/czVyrEuS3s
• RNP-003: 4.7M RNDR to approve and has met minimum quorum for final vote at 99.90% approvalhttps://t.co/BT5Y3WnhL3
— Render Network | RNDR (@RenderToken) April 26, 2023
In order to integrate the Solana network into their services, the RNDR owners voted overwhelmingly in favor of the idea.
On the other hand, RNP-003, which was also adopted by the Render Network community with a two-thirds majority, concerns the accumulation and distribution of project funds.
The goal is to provide an organization with the tools and infrastructure it needs to achieve its goals. He can then focus on his mission and expanding the network.
– Featured image by Invezz
