Ronin RONPrice $ 0.515

Ronin is a L2 EVM blockchain specifically designed for gaming applications, developed by Sky Mavis, the creators of the popular blockchain game Axie Infinity. It functions as an Ethereum sidechain and aims to address the limitations of Ethereum, such as high transaction fees and slow processing times, which hindered the adoption of decentralized gaming platforms.

Key Features of Ronin Blockchain

Gaming-Focused Design

• Ronin was created to support decentralized gaming applications, particularly play-to-earn games like Axie Infinity. It enables players to trade in-game assets, participate in tournaments, and earn rewards seamlessly.

• The blockchain facilitates player-owned economies, allowing users to truly own and freely trade their digital assets.

Scalability and Cost Efficiency

• Ronin employs layer-2 scaling solutions to provide fast and cost-effective transactions. The average transaction fee on Ronin is approximately $0.0013, significantly lower than Ethereum's fees.

• Transactions are confirmed almost instantly, making it ideal for high-volume gaming activities.

Security

• The network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, where token holders select validators to secure the network. This system combines robust security with decentralized governance.

EVM Compatibility

• Ronin is compatible with Ethereum Virtual Machine (EVM), enabling developers to use Ethereum tools and infrastructure for creating games with player-owned economies. This interoperability allows seamless token transfers between Ethereum and Ronin networks.