- Ronin Chain will be pausing its Ronin Bridge for 24 hours prior to its DPoS transition.
- The announcement did not include whether Katana and Binance transfers will be affected.
- Leading Ronin Chain validators include Google, Animoca Brands, DappRadar, Nansen, and YGG.
Ronin Chain, the blockchain used by Web3 game Axie Infinity, will be pausing its Ronin Bridge for 24 hours or less. According to an announcement, this is in preparation for the Ethereum sidechain’s transition into Delegated Proof of Stake (DPoS).
As mentioned in the tweet, Ronin Bridge will pause for around a day to ensure a seamless upgrade to DPoS. As many OG Axie Infinity fans are aware, Ronin Bridge serves as a gateway between Ethereum through MetaMask and Ronin, the wallet developed by Axie Infinity’s creator Sky Mavis.
The transition should not affect transactions made on Katana, Ronin Chain’s decentralized exchange (DEX). In addition, the post did not specify whether Binance transfers will be affected as well.
The Ronin network did not specify which existing Ronin Chain validators are leading contenders to become the first batch of delegates once the chain has upgraded to DPoS. At the moment, some of the top validators include Google, Animoca Brands, DappRadar, Nansen, Yield Guild Games (YGG), NonFungible, Axie DAO, and Sky Mavis.
Read CRYPTONEWSLAND on
google news
Meanwhile, Ronin (RON) made a 2.7% increase in the last 24 hours and is currently trading at $1.14. Axie Infinity (AXS) also recorded a similar surge (2.5%) and is changing hands at $8.65 per piece.
Read Also :
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
