# Ren Protocol

**Published by:** [Mehmet Ceylan](https://paragraph.com/@mehmet-ceylan/)
**Published on:** 2022-03-13
**URL:** https://paragraph.com/@mehmet-ceylan/ren-protocol

## Content

RenBridge enables the simple wrapping of digital assets on different blockchains. Using RenVM, a universal translator, it converts digital assets to the format needed by its destination chain. For example, RenVM takes BTC, holds it, and then converts it to an ERC-20 with a 1:1 ratio to ensure your renBTC is always backed by the same amount of BTC. RenVM holds on to your assets when they are on other blockchains. RenVM is new technology, and security audits ↗ don't completely eliminate risks.

## Publication Information

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