RENEC is a decentralized blockchain platform designed to enable creators to build experiences that provide to the billion users in the Web3 era. Founded in 2021, RENEC blockchain is an open-source project currently run by the RENEC foundation. RENEC’s third-generation blockchain architecture is designed to facilitate smart contracts and decentralized application (DApp) creation. The RENEC genesis occurred on October 14, 2022. RENEC aims to scale throughput beyond what is typically achieved by popular blockchains while keeping costs low.