Render Token

RenderToken (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain, whose goal is to connect artists and studios in need of GPU computing power with mining partners willing to lease their GPU capabilities.

Problems and solutions

Today rendering requires huge computing power and time. Even on a high-performance installation, visual data visualization can be a huge investment.

Meanwhile, technology is not slowing down. Smartphones, 8K TVs, augmented reality and other innovations mean that the visual world is developing at breakneck speed.

Content creators need to publish high-quality graphic content with these new technologies in mind, but this is a huge task that is becoming more difficult every day.

Here are some of the key issues that Render Token is trying to solve:

Higher Resolution: Virtual screens increase resolution exponentially compared to current display capabilities. Meanwhile, the resolution of modern displays continues to increase.

More interactivity: Multiplayer gaming and media platforms will have billions of interaction points.

Big difficulty: images will grow

For all these reasons, we need more graphics processing power. Instead of relying on individual installations and servers, we need a cloud economy that provides cloud rendering.

Features

The creators of Render Token have found a simple solution to the above problems: visual data is more complex than ever before. However, GPUs are now a standard component of every phone and PC. Most of us have a powerful GPU in our pockets. In most cases, we don't use this GPU.

A single GPU— on most devices—cannot individually handle the intensive image processing requirements. However, if you connect to 100 GPUs, then the collective power can provide meaningful graphics rendering. What if you connected together a million GPUs for smartphones?

That's where Render Token sees an opportunity. 7 years ago, the developers of Render Token filed a patent based on the idea that millions of GPUs around the world connect and work on distributed tasks for complex rendering.

As soon as Ethereum became widespread, Render developers realized that there was an opportunity to realize their vision. Instead of using GPUs only for mining cryptocurrencies, Render uses other built-in GPU functions for rendering and using blockchain functions.

Some of the key features of the platform include:

Network: A decentralized architecture brings together the capabilities of millions of developers and billions of consumers.

Incentives: An equal two-way market motivates everyone to publish and consume, including everyone from artists to metadata authors.

Trust: The undisputed registry allows everyone to safely create, share and transfer creations.

As a rule, rendering tasks are registered in the RNDR blockchain. With smart contracts, users join the network to contribute to the processing power of the GPU. A number of users then expand the network with rendering applications, including artists, scientists, engineers, and retailers.

RNDR is creating a new marketplace from crowdsourcing 3D projects to digital rights management. This marketplace can finance digital ideas, assets and applications that anyone can join.

In general, Render aims to transform the media industry by offering the world affordable GPU computing power. It aims to democratize advanced special effects and graphics. This will not just create a level playing field for entertainment: it will also accelerate the appearance of holographic displays and avatars to "change the narrative forever," the official website explains.

RNDR Token

RNDR is an ERC20 utility token used by artists on the network to exchange GPU computing power from GPU vendors (node operators). RNDR uses a combination of manual and automatic proof-of-work or, in this case, proof-of-rendering systems to ensure that all artwork has been successfully processed before payment is made and artwork is released.

Using the security properties inherent in the Ethereum blockchain, proprietary assets are hashed when loaded and sent to nodes in parts for rendering. All RNDR payments are stored in escrow during rendering and transferred to node operators after manual verification of successful operation by the customer.

To prevent intruders in both user databases, all assets displayed on the network are watermarked until the payment is successfully paid, after which images without watermarks can be uploaded, and all payments are held in escrow until manually verified that they are displayed correctly.

Conclusion

Render aims to use a cloud - based rendering system to solve the most important rendering problems in today 's graphic design communities . The RNDR blockchain collects rendering jobs and then organizes rendering through a network of GPUs around the world. When it comes to graphic design, the company aims to level the playing field by giving small companies the opportunity to compete with larger companies in terms of rendering capabilities.