Ronin (RON)

What is Ronin (RON)?

Ronin (RON) is known as a Sidechain linked to the Ethereum platform. The project is specifically designed for the Axie Infinity gaming community to help scale and enhance the game experience for millions of users. This means that all transactions on the Axie gaming platform are done on the Ronin ecosystem. These transactions are then aggregated and recorded in the Ethereum ledger.

With the advantages of scalability, optimal transaction speed and low cost, Ronin Network quickly received the attention of the community. At the same time, Ronin has contributed to a significant increase in the number of traders for this popular Axie game.

How was Ronin Network founded?

The Ronin ecosystem uses the PoA consensus protocol with the number of Validators usually less than 25. Therefore, for the best network security, the project development team must authorize leading partners in many fields. Various validators such as Animoca, Binance, DApp.com, Unisoft, etc.

When transacting on Ethereum, the platform often experiences network congestion and extremely high gas fees. This has created certain barriers that have significantly reduced the number of users of Axie Infinity.

Initially, the Axie Infinity development team considered using Loom Network as a solution to overcome the limitations of the game platform. However, it seems that Loom Network is not capable of absolute customization for Axie Infinity alone, so there are still many limitations. Therefore, the project development team must actively look for other suitable solutions.

In February 2021, Ronin Network was officially launched to the community by Sky Mavis - Axie Infinity developer. The introduction of Ronin greatly improved Axie's limitations. Currently, the Ronin project is focusing on developing the performance of Blockchain to optimize the user experience.

Highlights of Ronin (RON)

An advantage of Ronin at the moment includes:

• Ronin allows for fast, almost instant transactions.
• Transaction costs on Ronin are extremely low (on Ethereum it can cost several dollars or several tens of dollars per transaction).
• Tokens in Axies (ERC20, NFT) can be transferred freely between Ethereum and Ronin thanks to Ronin Bridge.
• Ronin Tailored for Axie Infinity, it fits Axie's complex customization requirements, thus greatly enhancing the gaming experience for Axies users.

3 outstanding products in the Ronin Network ecosystem

Ronin Wallet

This is a crypto wallet platform that operates on the Ronin Network. Currently, Ronin Wallet is available as an Extension on browsers (such as Chrome, Firefox) and Smartphone applications (in both Android and iOS).

The Ronin wallet platform is designed to be modern, allowing any user to easily interact with the Axie game and create other dApps running on the Ronin Blockchain. At the same time, after owning a Ronin wallet account, players are free to log in to Axie Infinity Marketplace to play games and earn more passive income.

Besides, Ronin Wallet also allows users to use the wallet to store and trade cryptocurrencies, NFT tokens easily with low gas fees.

Ronin Bridge

In fact, Ronin Bridge is considered the optimal solution, helping to quickly connect and transfer assets between the two networks, Ronin and Ethereum. With the rapid development of Axie Infinity, Ronin Bridge quickly entered the top of Ethereum Bridge solutions with the highest TVL.

The Ronin Explorer

The Ronin Explorer is a product similar to Etherscan and developed specifically for the Ronin ecosystem. Here, users can search and look up every transaction that occurs in the Ronin network easily and accurately.

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