What Is Ronin?
Ronin blockchain is a specialized blockchain designed primarily to support the world of gaming, particularly for Axie Infinity, a popular blockchain-based game. Developed by Sky Mavis, Ronin operates as a sidechain to Ethereum, allowing for faster transactions and reduced gas fees, which enhances the gaming experience by making it more accessible and cost-effective. It provides a platform for developers to build decentralized applications (DApps) that can operate with higher efficiency and lower costs compared to traditional Ethereum transactions. The Ronin network uses a unique consensus mechanism and features its own wallet, the Ronin Wallet, which is tailored for seamless integration with games and other applications on its network.
What Is Token RON?
RON is the ecosystem token of the Ronin blockchain, used to pay transaction fees and participate in community governance through staking. Validators on Ronin must stake RON to validate blocks and earn newly issued RON as rewards, which are distributed based on the amount staked.
Ronin Wallet Benefits
When you choose Ronin Wallet, you’re getting more than just a wallet to store your RON tokens. You gain a modern terminal for interacting with the world of blockchain and Web3 technologies. Let’s take a look at the main features:
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Open Source: Open source code ensures transparency for users. Every investor wants to be sure that all the advertised features in the wallet function as stated, which is why Ronin Wallet is an open-source wallet.
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Self-Custody: The keys to your crypto assets are in your hands alone. It is up to you how to manage these keys, but you also bear the responsibility in case of loss or theft of the key.
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Privacy and Security: Ronin Wallet is built on cutting-edge technology that provides the highest level of security. User’s private data is not stored, making the wallet secure in terms of both safety and privacy.
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Universality: Ronin Wallet is available on both Android and iOS. Your wallet will always be accessible, no matter your platform choice.
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Convenience: The quick and user-friendly interface of Ronin Wallet will make your experience comfortable and enjoyable. All necessary functions are at your fingertips and intuitively understandable.
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Multitool: In addition to managing the Ronin blockchain and the ability to purchase RON tokens using a credit card, Ronin Wallet supports all other popular blockchains such as Bitcoin, Ethereum, Sui, Solana, etc., as well as popular features like NFTs or WalletConnect. There are truly many functions – it’s best for you to check them all out in practice.
