Aztec And Ren To Bring More Privacy To Bitcoin
Ren is focusing on its partnership with Aztec yet again, and this time it is to work on the incorporation of renBTC into the Private Rollup portfolio of Aztec, as now is the most favorable period to do so according to Ren price prediction. The flagship app of Aztec, zk.money deploys the Private Rollup of Aztec to allow transactions in complete confidentiality at the Blockchain of Ethereum. Now that zkrenBTC is being made available, the users of Aztec shall be able to store and transfer Bitcoin in complete privacy by making deposits of Bitcoin in RenBridge and securing renBTC at zk.money. The platform of Ren is renowned in the Blockchain community as the open protocol that allows value transfer across multiple Blockchains.
The users of Aztec shall be able to explore the platform and use zkrenBTC. The users will be able to engage in transactions of renBTC at zk.money by following the steps below:
- Make a deposit of Bitcoin at RenBridge.
- Withdraw funds in the form of renBTC that is an ERC-20 token
- Establish a connection between the electronic wallet and zk.money
- Secure the renBTC in zk.money app
Apart from instilling more privacy in Bitcoin, it is also the partnership’s objective to employ RenJS to integrate native RenVM with zk.money. The collaboration is also seeking to add Aztec to Greycore to enable Ren to operate the Aztec Validators. To celebrate the addition of renBTC into the Private Rollup of Aztec, the platform of Aztec is subsidizing the transaction fees of $renBTC up to 9th July 2021.
Aztec and Ren’s solemn vision is to establish technology bridges to enhance the usability and scalability of the Ethereum Blockchain. The collaboration between Aztec and Ren shall help expand their networks and improve the Ren ecosystem’s privacy.
