In a shock transfer, Sky Mavis has introduced that it’s going to be migrating its Ronin blockchain to change into an Ethereum-backed L2.
At the moment describing Ronin as a “gaming-centric Ethereum sidechain” – successfully it’s personal Ethereum-compatible L1 – the transfer to be a “fully-fledged L2” that it hopes will change into the “gamification engine of Ethereum” combines each the more and more maturity of the Ethereum L1 itself, in addition to the failure of blockchain video games to onboard a mass market viewers.
On this method, Sky Mavis hopes to enhance a few of Ronin’s options together with safety, whereas additionally attracting extra non-gaming apps, each of which may enhance speculative sentiment across the RON token.
Certainly, Sky Mavis factors to the brand new dynamism of the Ethereum Basis and ETH’s value rise because it’s gained adoption from monetary establishments and severe infrastructure builders.
By way of the affect on the Ronin chain itself, the method of turning into a L2 would speed up transactions 12-fold. It can additionally change the RON staking protocol to a Proof of Distribution mannequin, which is able to higher reward initiatives actively constructing on Ronin, fairly than rewarding passive validation nodes.
After all, this announcement is simply the beginning of a protracted course of that’s at the moment being mentioned with Ronin’s governing validators and which is able to lead to a proper whitepaper previous to the execution of the hardfork of the blockchain that can be required, maybe in Q2 2026.
Sky Mavis can be speaking to main know-how companions together with Optimism, Arbitrum, zySync and Polygon about its plans. It can seemingly additionally discuss to firms by way of choices for offering knowledge availability.
Lastly, this modification of technique signifies that the plans to launch a zkEVM model of Ronin have now been scrapped.
