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Ronin is an EVM blockchain crafted for developers building games with player-owned economies. The blockchain is home to all Axie Infinity assets like Axie, Land, SLP, and AXS. It is the blockchain built specially for games.
Consensus mechanism-
Ronin originally used Proof of Authority (PoA) consensus, where selected validators maintain the network and verify transactions. To improve decentralization Ronin uses DPoS.
DPOS - Delegated Proof-Of-Stake
Ronin uses DPoS to allow the token holders to participate in selecting 22 validators.DPOS is the fastest, most efficient, and decentralized POS mechanism. It uses a reputation system and real-time voting to achieve consensus. A set of master nodes validates the blockchain. The powers in the network have been delegated and no single party will be able to control the entire process. Every member of the network has more power and rights.
In Ronin, a set of validators is selected using DPoS. The blocks are produced using a PoA manner. The validators consist of 22 slots, of which 12 are reserved for governing validators selected based on PoA manner and 10 Standard Validators chosen among the Validator Candidates with the highest votes.
Ronin Bridge is an app for transferring tokens between the Ethereum chain and Ronin
Best Games on Ronin
Axie Infinity
Pixels
The machine Arena
Battle Bears Heroes
Main features
Transaction per second - Up to 10000
Block time - 3 seconds
RONUSD pared some of its gains after surging more than 50%. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $2.53 and is currently trading around $2.35.
The bullish invalidation can happen if the pair closes below $1.60. On the lower side, the near-term support is $2.18. Any break below targets $1.96/$1.60. Significant downtrend if it breaks $1.60.
The pair’s near-term resistance is around $2.60. Any breach above confirms minor bullishness. A jump to $3.25/$3.60/$4 is possible. A surge past $4 will take it to $5.
It is good to buy on dips around $2 with SL around $1.60 for TP of $4.
