Ren Bridge announces open source community led Ren 2.0 in response to Alameda fallout
The Ren Bridge project announced in its ‘Ren Community’ Medium blog on Nov. 18 the ways in which it plans to move forward with Alameda Research. the update on Ren Community explained that Ren’s development team has only enough funding to manage until the end of the year.
Ren explained that this shift towards ‘sunsetting’ Ren 1.0 has been issued to protect users, the integrity of the protocol, and to ensure a fully community-controlled network is established in Ren 2.0. Upon launch, Ren claims this network upgrade to 2.0 aims will provide a fully decentralized and community-owned cross-chain network.
Source
https://t.me/CryptoMarketUpdates
