Cryptocurrency Q&A
What network is Ronin Wallet?
What network is Ronin Wallet?
SamsungShineBrightness
Sun Jun 23 2024
|
6 answers
1548
Could you elaborate on the Ronin Wallet and its underlying network? I'm curious to understand the specifics of this wallet and how it differs from others in the cryptocurrency space. Specifically, what blockchain does it operate on? Are there any unique features or functionalities that set it apart? Additionally, how secure is the Ronin Wallet, and what measures have been taken to ensure the safety of users' funds? Any insights you can provide would be greatly appreciated.
6 answers
CoinPrince
Tue Jun 25 2024
The Ronin Network is a unique sidechain established in 2021, stemming from the efforts of Sky Mavis.
Was this helpful?
311
79
Chiara
Tue Jun 25 2024
This network, based on the Ethereum blockchain, was developed primarily for blockchain gaming.
Was this helpful?
57
48
Elena
Tue Jun 25 2024
One of the major challenges it aims to tackle is Ethereum's notoriously high gas fees, which often deter users from frequent transactions.
Was this helpful?
344
52
EnchantedMoon
Tue Jun 25 2024
Additionally, the Ronin Network promises faster transaction speeds, making it a viable alternative for blockchain games that require quick and responsive transactions.
Was this helpful?
346
74
Martino
Tue Jun 25 2024
Specifically designed for blockchain gaming, the Ronin Network ensures compatibility with the Ethereum Virtual Machine (EVM).
Was this helpful?
372
84
Load 5 more related questions
