Render RENDER

Render Token is the cryptocurrency used within the Render Network platform. It serves as a means of exchange between users who need rendering services (known as "Creators") and individuals or organizations with idle GPUs (known as "Node Operators") who perform the rendering work. Creators send RNDR Tokens to Node Operators in exchange for their services. Additionally, a small percentage of RNDR Tokens is retained by the Render Network to maintain the platform and facilitate transactions.

thereum Gas refers to the computational cost required to execute operations on the Ethereum blockchain. It is measured in Gwei, a smaller unit of ETH (1 Gwei = 0.000000001 ETH). Gas is used to pay for transactions, smart contract execution, and interactions with decentralized applications (DApps). The gas fee is determined by the complexity of the operation and network congestion, with higher fees often required during peak usage times. Ethereum transitioned to a Proof of Stake (PoS) model with Ethereum 2.0, impacting gas fee dynamics.

DeFi, or Decentralized Finance, is a financial ecosystem built on blockchain technology that provides financial services such as lending, borrowing, trading, and yield farming without relying on traditional intermediaries like banks. DeFi platforms use smart contracts to automate transactions and enable users to interact with financial protocols in a trustless and transparent manner. Popular DeFi applications include Uniswap, Aave, and Compound, which allow users to trade assets, earn interest, and participate in liquidity pools.

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