• Contact Us
  • Privacy Policy
Monday, March 1, 2021
FBlockchain
Advertisement
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Altcoin
  • Blockchain
  • Business
  • Regulation
No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Altcoin
  • Blockchain
  • Business
  • Regulation
No Result
View All Result
FBlockchain
No Result
View All Result

Axie Infinity Launches Public Testnet of Ronin Sidechain to ‘Scale Even Faster’

December 23, 2020
in Business
2 min read
Axie Infinity Launches Public Testnet of Ronin Sidechain to ‘Scale Even Faster’
0
SHARES
2
VIEWS
ShareShareShareShareShare

A Pokemon-inspired digital pet universe that has grown to be the most-played game on Ethereum is testing new ways to scale.

Announced Wednesday, Axie Infinity has launched the public testnet of its Ronin sidechain. The new sidechain will “give us room to breathe and scale even faster,” co-founder Jeffrey Zirlin said in an interview. “We’ve shown that we can grow quickly on Ethereum and we think that we can grow even faster on a sidechain.”

The non-fungible token (NFT) game has over 18,000 monthly active users, according to data site DappRadar.

“A Ronin was a samurai without a master in feudal Japan,” the firm wrote in a blog post. “Ronin represents our desire to take the destiny of our product into our own hands.”

CryptoKitties maker Dapper Labs faced a similar inflection point after launching on Ethereum and decided to build their own blockchain, Flow, in 2019.

Paris-based video game giant Ubisoft is Ronin’s inaugural validator.

“Validators are responsible for authoring and validating blocks, updating price oracles, and approving deposits and transfers of assets (ETH, ERC20, and ERC721) to and from Ronin,” Axie Infinity wrote. “Validators also control the addition and removal of other validators.”

Ubisoft has advised other popular blockchain games like fantasy football game Sorare and collectible trading card game Splinterlands.

“Blockchain gaming is like a special type of battery that can power different types of games,” Zirlin said, using electric-car maker Tesla as an analogy. “It’s been really helpful to have veterans [Ubisoft] to pass down their knowledge.”

Along with the testnet release, Axie Infinity is also announcing a bug bounty program. Developers who flag critical issues in Ronin can earn rewards as high as $2,000.

The Ronin public testnet will run until Jan. 18, when Axie Infinity’s new land system and related items will migrate over from its current sidechain, Loom Network. (When CryptoWars left Loom earlier this year, we reported that the sidechain seemed to be pivoting away from gaming altogether.)

Later on, Zirlin said, Axies on the Ethereum mainnet will move to Ronin as well. 

Credit: Source link

ShareTweetSendSharePin
Previous Post

SNX price soars 100% in December — What’s driving the rally for Synthetix?

Next Post

XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

Related Posts

Coinbase Sued for Allowing the Sale of XRP
Business

Coinbase Sued for Allowing the Sale of XRP

December 30, 2020
Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple
Business

Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple

December 23, 2020
Ajit Tripathi: Why I’m Long Crypto, Short DLT
Business

Ajit Tripathi: Why I’m Long Crypto, Short DLT

December 23, 2020
Swiss Crypto Bank SEBA Raises $22.5M to Fuel Growth
Business

Swiss Crypto Bank SEBA Raises $22.5M to Fuel Growth

December 23, 2020
MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple
Business

MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple

December 23, 2020
Next Post
XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Updates

No Content Available
FBlockchain

This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

Coinbase Sued for Allowing the Sale of XRP

Coinbase Sued for Allowing the Sale of XRP

December 30, 2020
SEC Chairman Jay Clayton Resigns

SEC Chairman Jay Clayton Resigns

December 23, 2020

Subscribe Now

  • Contact Us
  • Privacy Policy

© 2020 fblockchain.info - All rights reserved!

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Altcoin
  • Blockchain
  • Business
  • Regulation

© 2020 fblockchain.info - All rights reserved!

  • YAMYAM(YAM)$1.40-98.56%
  • bitcoinBitcoin(BTC)$11,711.13-1.73%
  • ethereumEthereum(ETH)$468.401.38%
  • tetherTether(USDT)$1.00-0.41%
  • rippleXRP(XRP)$0.291866-0.67%
  • The Transfer TokenThe Transfer Token(TTT)$3.696.46%
  • chainlinkChainLink(LINK)$15.73-3.64%
  • PolkadotPolkadot(DOT)$6.17-8.23%
  • bitcoin-cashBitcoin Cash(BCH)$283.910.93%
  • litecoinLitecoin(LTC)$61.97-1.27%