![]() The wallet enables ~20K daily active addresses to interact with the network, peaking at 1.1m in November 2021. The wallet allows users to have custody over their Axie related assets and is available on both desktop as a chrome extension and on mobile devices as an app. The team partnered with Ramp to allow users to purchase Axie ecosystem tokens directly using fiat. Instead of leveraging existing wallets, Sky Mavis created their own Ronin wallet. Ronin WalletĪ good crypto wallet is vital in creating a seamless user experience when interacting with a blockchain. Other potential solutions, such as zkSync which uses a ZK-rollup consensus model, were too new and did not have the proper infrastructure to cater for the needs of Axie Infinity. As of February 2023, most ZK-rollup chains are still in their testing phases and have yet to fully roll out. The chain can be fully optimized for the needs of the Axie community, reducing potential future scaling issues that might arise by using existing blockchains. By creating their own blockchain, Sky Mavis is able to design and decide on the characteristics of the chain. Most Layer-2 solutions at that time were built with DeFi and payments in mind, not gaming. Building their own blockchain would prevent a similar situation from occurring in the future. This created a misalignment of goals between the two teams and Sky Mavis decided to end the partnership. After about a year, the Loom team decided to optimize their network for enterprise solutions instead of user-facing applications. Why create their own chain?īefore Ronin was built, the team partnered with Loom network, an alternative Layer-2 scaling solution. This will allow RON token holders, which is the native token of the network, to be validators, increasing the networks decentralization once the migration is complete. The team is working on migrating the consensus model towards a Proof-of-Staked-Authority (PoSA) model which is a combination of PoA and Delegated-Proof-of-Stake (DPoS). Some examples of validators for the Ronin network include Nansen, Google Cloud and Animoca Brands. Validators risk losing their reputation if they become bad actors or negatively affect the network. Validators are handpicked by the team based on their credibility and unlike Proof-of-Stake blockchains, validators are “staking” their reputation instead of tokens. Ronin currently adopts a Proof-of-Authority (PoA) consensus model which is a reputation-based system that allows for fast transactions due to its limited number of validators and relatively centralized nature. Other popular Layer-2 scaling solutions include Optimistic Rollups such as Arbitrum. They are one of the main Layer-2 scaling solutions on Ethereum that allow for more efficient processing of transactions - Polygon network is another example of a sidechain. Sidechains are Ethereum compatible, independent blockchains which have their own consensus model, block parameters and run in parallel to the Ethereum mainnet. Ronin was their answer. The What are sidechains? They needed a scaling solution that put gaming first, was built to withstand the test of time and the ever increasing demands of a fast growing game. Sky Mavis, the team behind Axie Infinity, needed a reliable, fast and cheap network that could cater to the demands of the game. ![]() Ronin is an Ethereum sidechain that was created with Axie Infinity’s community in mind. The team decided to take matters into their own hands and Ronin’s mainnet was launched in February of 2021 to meet that need. Things had to change if Axie Infinity was going to grow and cater to millions of players. ![]() Spikes in gas fees and network congestion would slow the game’s economy to a halt and undo any traction that the game was getting. The downsides of Ethereum were limiting Axie Infinity’s ability to attract new players and retain existing ones in 2021. With transactions costing a few dollars and transaction speeds that are measured in minutes instead of seconds, Ethereum’s Layer-1 blockchain is simply too expensive and too slow. Imagine having to pay a couple of dollars just to make an in game transaction and the transactions not processing instantly. The user experience has to be seamless and enjoyable. Games require fast and cheap transactions in order to scale and facilitate the thousands if not millions of micro-transactions that happen daily. Ethereum’s Layer-1 was not built for gaming. ![]()
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