RENEC is a decentralized blockchain platform designed to enable creators to build experiences for a billion users in the Web3 era. Founded in 2021, the RENEC blockchain is an open source project currently operated by the RENEC Foundation. RENEC's third-generation blockchain architecture is designed to facilitate the creation of smart contracts and decentralized applications (DApps). RENEC originates on October 14, 2022. The goal of RENEC is to scale throughput to levels typically unattainable by popular blockchains while keeping costs low.