Ronin Network is a blockchain created especially for gamers and game developers, but anyone can build and test new projects on the network.
With the success of Play-to-Earn games, initiatives like this are very successful. Consequently, several investors pay attention to the project and invest in it.
Pioneer character
Ronin Network is an EVM (Ethereum Virtual Machine) blockchain, a type of virtual computer that serves to process and execute smart contract transactions.
The network was launched by Sky Mavis, developer of the notorious Web3 game Axie Infinity, which generated revenue of more than 1.3 billion dollars.
It is one of the first blockchains developed especially for blockchain games, battle-tested, with the proven ability to scale and support a huge volume of daily users.
In the beginning, Ronin Network used the Proof-of-Authority (PoA) consensus mechanism, which requires less energy than others, such as Proof-of-Work (PoW), but, on the other hand, is less decentralized.
To increase decentralization, the solution was to launch an update and adopt the so-called Delegated-Proof-of-Stake (DPoS) in the selection of validators, while maintaining the benefits of PoA, such as higher speed and lower transaction fees.
Ronin Network Differentiators
One of Ronin Network's differentiators is its scalability: the network has the capacity to support millions of active users per day. To give you an idea, the blockchain is capable of processing more than 4 billion dollars in NFT volume, second only to Ethereum.
Furthermore, the network enables optimized and instant transactions, with competitive rates. This allows millions of transactions to be carried out smoothly in Web3 games.
By being hyper-optimized for gaming, the platform eliminates redundancy commonly found in other permissionless blockchains. The applications developed have a high level of quality, with as little spam as possible to provide a much better experience.
The platform developer offers all the necessary support, in addition to subsidies, to reduce the risks inherent in launching new projects on the network and increase the games' chances of success.
It is also worth mentioning the issue of security. Due to its pioneering nature, blockchain has faced many obstacles regarding scalability and security threat, but it has overcome them all. The network developer adopts strict protocols and reviews all code to prevent attacks. Therefore, the blockchain is completely secure.
RON: native token of Ronin Network
The RON token is native to the Ronin Network. It functions as a utility (means of payment for transactions in the ecosystem) and governance (permission for holders to validate transactions on the network and participate in decision-making).
The maximum supply of RON is 1,000,000,000 tokens. Thanks to the success of blockchain, many investors choose to add it to their cryptocurrency portfolios.
Invest in the Ronin Network token on NovaDAX
If you are interested in the Ronin Network proposal and want to invest in RON, the native token, know that it is already listed on NovaDAX so you can invest in complete safety.
To help, the platform provides several graphs with the prices of the main cryptocurrencies on the market. This way, you can monitor asset prices in real time, compare the performance of each one and know the ideal time to buy or sell. Create your free account at NovaDAX and enjoy now!
