The crypto marketplace is in a continuous state of evolution, innovation, and development, which includes the introduction of new cryptocurrencies, as well as the discovery of some that have been around for a while but didn’t draw a lot of attention upon their initial release. One such example is Render Token, which was founded in 2016, with the whitepaper published a year later. The public launch occurred on October 5th, 2017, and followed a successful token sale that had taken place earlier that month. And while all crypto coins offer something a little different, Render is perhaps the most unique of the bunch.
However, just as with all other cryptocurrencies, you must do your research before buying, selling, or trading. Look for the latest Render price before commencing a venture so that you can be certain that the time is right for the transaction you have in mind. Having a plan and sticking with it will allow you to increase your likelihood of success and ensure that your gains always surpass the potential losses.
What does rendering mean?
Rendering is a procedure that generates either photorealistic or non-photorealistic images based on input data like 3D models. In the beginning, the concept referred to the task performed by an artist when creating an image, and, in fact, a finished artwork is still referred to as a “rendering” in some cases. Nowadays, to “render” typically means to generate a video or image based on an exact description with the help of a computer program or software. This component is known as a rendering engine or system but can also be referred to as a graphics engine.
There’s a difference between real-time rendering, which means that the generated images are displayed immediately, and offline rendering, in which the frames are created for later viewing. Rendering has the ability to produce images using coordinates in 3D space when seen from a particular viewpoint, with the process using ideas from optics, mathematics, software engineering, and visual perception, with the applications ranging from simulators, visual effects, and video games to design visualizations and medical diagnosis.
Realistic rendering requires approximate solutions to the rendering equation (an integral equation in which the equilibrium radiance leaving a point is given as the total of reflected plus emitted radiance) that describe how light spreads in a certain environment. The real-time process uses rasterization algorithms that can operate based on an extensive list of shapes and ascertain which pixels should be covered by which shape. Rasterization can also be used when it comes to 2D images like text and polygons, with the applications including graphic design, desktop publishing, user interfaces, and 2D animation.
When more realism is needed, slower algorithms that operate on a pixel-by-pixel basis are used instead. One of them is ray tracing, a technique that models light transport theory over a large variety of algorithms in order to generate digital pictures.
What is Render Token?
The Render Network is entirely decentralized and blockchain-based, having been specifically designed with the 3D rendering industry in mind. It works by using decentralized computing power to complete the processing of highly complex animations and 3D graphics. It leverages a distributed network of computers, with the aim being to boost the efficiency and affordability of all rendering tasks. The network can complete the procedures much faster than the centralized rendering farms, which is why an ever-growing number of artists and content creators keep gravitating towards it.
Render incorporated a new type of tokenomics model known as BME, Burn Mint Equilibrium. The launch of the non-profit Render Network Foundation pushed the marketplace even further, since the organization’s mission is to maintain the core of the Render Network and keep the growth and development of the ecosystem and community from stagnating. The platform operates on the Ethereum blockchain and uses smart contract functionality in order to ensure transactions are completely transparent.
The blockchain is the foundation of the ecosystem, the thing that enables the users to hold their assets in a wallet that is ERC-20-compliant. Any other exchange that supports this format allows the coins to be traded.
How does it work?
Utilizing Render is a fairly straightforward complex, although it can seem exceedingly complex in the beginning. Users submit tasks on the network, and the required amount is automatically calculated within the platform. The information is provided as an attachment that contains the specifications of smart contracts, with the data being transmitted through the same network. The GPU owners use the OctaneRender feature (the fastest renderer in the world that is readily available online) in order to complete the tasks, with the entire procedure having no need for an intermediary.
The RNDR itself is an ERC-20 utility token that utilizes a combination of automatic and manual proof-of-work systems so that it can verify all the art pieces that had been rendered earlier and are awaiting payment and release. The Render Network Foundation facilitates the Render Network Proposal, processes through which the community can complete changes on the network. One of the most well-known users of the network is senior designer Raoul Marks, an Emmy Award winner, and Bafta-nominated professional who has used the Render Network in the creation of shows such as Westworld.
The future
When working with any type of digital asset, it is essential to have a strong strategy and avoid making any impulsive choices. Right now, most investors are optimistic about Render’s future prospects because greater adoption is expected in the future. Institutional funding might be in the making as well, contributing to elevated market valuation overall. Some traders and analysts estimate that by 2027, Render will have breached the $20 mark and that it could continue to grow until the end of the decade, so by 2030, the price could be around $40. The more optimistic predictions believe that the average could be as much as $53.
If you’ve been thinking about investing in cryptocurrencies, make sure to do your research first so that you can be sure that you’re making the best choices and that you don’t neglect your financial well-being out of anxiety and because you don’t want to experience FOMO.
