RENDERUSD
RENDER / US Dollar (BINANCEUS:RENDERUSD)
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RNDR is an ERC-20 compatible utility token used to pay for animation, motion graphics and VFX rendering on the distributed RNDR Network, which is a peer-to-peer GPU compute network that connects creators in need of additional computation power for rendering their scenes, to providers that receive RNDR tokens for their GPU power. It allows complex GPU-based render jobs to be distributed and processed on a P2P network, making the transactional process of rendering and streaming 3D environments, models, and objects simpler for end users. The objective of RNDR is connect graphic creators in need of GPU power to perform render jobs to users with idle resources (Node Operators). The user in need of a render job pays for the service in RNDR, while the network takes care of the transaction and allocates the job among the nodes. A small percentage of the payment is charged as a service fee (0.5 to 5% of the total needed to process the job, depending on supply and demand), and helps to maintain the peer-to-peer network. To participate, users create accounts linked to the Ethereum Blockchain and unique wallets, and then start to interact with the RNDR token and network. The network confirms work using automated and user generated verifications. Creators are encouraged to approve jobs that are correctly processed through the system. Final renders are not released until all watermarked previews are confirmed, which incentivizes the creators to confirm the processed frames. If something goes wrong, a creator has the ability to reject the frame, and the frames will automatically be assigned to another node on the network for re-rendering.‌ It also uses Reputation Scores for both creators and node operators as the main mechanism for resource allocation in the network, in a way that creators with a higher reputation score will have access to more nodes, as well as node operators with better reputation scores will get jobs assigned faster. When a job is requested, the network will enter a transaction with 2 parties - the node operator, who is providing the computing power and the user who requested the render job to be run. The cost of the transactions is calculated in RNDR by the network and finally the smart contract moves the amount from one account to the other. The key players in this process are listed below: The RNDR Network: Coordinates and facilitates the supply and demand for render jobs using smart contracts. It automatically allocates the render jobs across nodes and perform the payments for the services; Node Operators: Provide computing power to perform the render jobs and are paid by the network in RNDR tokens. Node operators can join the network using a desktop client, and then receive unique ID that will be linked to the wallet. Joining the web, the network can determine benchmark information that will be used to better allocate the resources. Creators: The final users of the network. People in need of computing power to perform render jobs, which is achieved by connecting to a web interface, linking a wallet and selecting the job preferences. As soon as the work is processed, the user confirms that the output was generated and pays the fees. Dual Operators: Users who play the role of node operator and creators. Usually sell to the network idle GPU power when not using their hardware to accumulate RNDR that can be used when in need of extra computing power to run a job.