What is Ronin Network?
Ronin is an Ethereum-linked sidechain designed exclusively for Axie Infinity.
Why did Sky Mavis create Ronin Network?
Initially, the undertaking regarded as employing Loom Network’s sidechain alternative for the Axie Infinity game. But Loom Network is not optimally built for Axie Infinity. So the undertaking group determined to establish a customized sidechain for Axie Infinity
The Ronin framework
Ronin Network makes use of the PoA consensus protocol with a quantity of validators ordinarily significantly less than 25. To shield the undertaking, Sky Mavis authorizes critical partners in lots of unique fields to be validators this kind of as: Animoca Brand, Binance …
Ronin Network Ecosystem
- Katana DEX: A decentralized exchange on the Ronin network. Katana supports trading tokens: USDC, WETH, SLP, AXS
- Ronin Wallet: A wallet that shops assets on the Ronin network
- Ronin Block Explorer – Find Blockchain Block on Ronin Network
- Bridge: bridge amongst Ronin Network and Ethereum
What is the RON token?
RON is the native token of the Ronin Network. You can now supply liquidity on the Katana DEX exchange for potential RON token rewards.
Highlights of the Ronin Network
Low transaction charges
Fast transaction processing velocity
The bridge amongst the Ronin Network and Ethereum will allow consumers to freely move tokens back and forth amongst the two sides
The likely of the Ronin Network
In addition to Ronin Network, Sky Mavis has created merchandise this kind of as:
- Mavis Hub: game account manager
- Market: NFT trading industry
- Katana DEX: decentralized exchange of tokens in the ecosystem
- Ronin Wallet: an asset storage wallet (token, NFT)
- Bridge: bridge amongst Ronin Network and Ethereum
- Purchase: Allows you to invest in cryptocurrency on Ronin with fiawfiat
- Ronin Explorer: the locator
With present merchandise, we can see Sky Mavis’ vision of setting up a unique blockchain for the GameFi discipline in the potential.