The blockchain-based gaming community Ronin introduced that as of Might twelfth, it is going to be transitioning from an impartial gaming sidechain construction to an OP Stack-based Ethereum Layer 2 community. This may mark the tip of its impartial sidechain operational mannequin, which it has maintained since 2021.
The deliberate community outage will final roughly 10 hours as a part of the transition course of. Throughout this time, all community operations, together with transfers, swap transactions, and good contract interactions, might be suspended. In blockchain video games working on the Ronin community, in-game transactions requiring on-chain interplay may also be briefly disabled.
In an announcement, the Ronin group mentioned that customers ought to full all crucial switch and sport transactions earlier than the outage begins to keep away from being affected by potential disruptions.
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Important modifications may also be made to the community economic system following the transition. Ronin plans to scale back the annual RON token inflation fee from over 20% to under 1%. This transfer goals to strengthen the long-term sustainability of the community by decreasing the enlargement of the token provide.
The Ronin community beforehand made headlines in 2022 with a bridge hack price roughly $625 million. This assault was recorded as one of many largest cross-chain bridge hacks within the historical past of decentralized finance (DeFi).
*This isn’t funding recommendation.
