Introducing Ronin: A Gaming-Centric Ethereum Sidechain
Ronin is a blockchain specifically designed for gaming, offering low transaction fees and scalability. It was one of the first gaming chains to launch and operates as an Ethereum sidechain.
In its initial launch, Ronin used a “proof of authority” blockchain, where trusted individuals confirmed transactions. However, this method was criticized for being less decentralized. In 2023, Ronin switched to a delegated proof-of-stake mechanism, allowing token holders to select validators for the network.
The Ronin Token (RON)
RON is the gas token used for transactions on the Ronin blockchain. It can also be staked for participation in the blockchain’s DPoS mechanism or for other DeFi purposes.
The Ronin Wallet
The Ronin Wallet is a crypto wallet that supports the Ronin blockchain ecosystem. It can be accessed through a web browser extension or a mobile app and offers features such as support for other blockchains and Binance Pay integration.
About Sky Mavis
Sky Mavis is the crypto tech startup behind Ronin and Axie Infinity. It was founded in 2018 by Trung Nguyen, Aleksander Larsen, and Jeffrey Zirlin. The company has raised significant funding and has institutional investors like Animoca Brands and Andreessen Horowitz.
Axie Infinity on Ronin
Axie Infinity is a popular play-to-earn game on the Ronin blockchain. Players battle with NFT creatures called “Axies.” The game recently introduced upgrades for certain Axies.
Tokens and Games on Ronin
RON, AXS (Axie Infinity’s governance token), and SLP (Axie Infinity’s in-game currency) are some of the tokens on Ronin. Other games on the platform include Pixels, Zoids Wild Arena, The Machines Arena, Tribesters: Island of Solas, and Civitas.
Hot Take: Ronin’s Impact on Gaming and Blockchain
Ronin has made significant strides in the gaming industry by providing a blockchain specifically tailored for gaming needs. Its low transaction fees and scalability have attracted developers and players alike. With games like Axie Infinity and Pixels driving interest in the platform, Ronin has become a hub for innovative gaming experiences. As Ronin continues to expand its ecosystem and attract more developers, it has the potential to revolutionize the gaming industry and further integrate blockchain technology into mainstream gaming.