Tomorrow Is a Big Day for This Altcoin: It May Receive the Biggest Update in Its History

The blockchain-based gaming network Ronin announced that as of May 12th, it will be transitioning from an independent gaming sidechain structure to an OP Stack-based Ethereum Layer 2 network. This will mark the end of its independent sidechain operational model, which it has maintained since 2021.

The planned network outage will last approximately 10 hours as part of the transition process. During this time, all network operations, including transfers, swap transactions, and smart contract interactions, will be suspended. In blockchain games running on the Ronin network, in-game transactions requiring on-chain interaction will also be temporarily disabled.

In a statement, the Ronin team said that users should complete all necessary transfer and game transactions before the outage begins to avoid being affected by potential disruptions.

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Significant changes will also be made to the network economy following the transition. Ronin plans to reduce the annual RON token inflation rate from over 20% to below 1%. This move aims to strengthen the long-term sustainability of the network by reducing the expansion of the token supply.

The Ronin network previously made headlines in 2022 with a bridge hack worth approximately $625 million. This attack was recorded as one of the largest cross-chain bridge hacks in the history of decentralized finance (DeFi).

*This is not investment advice.

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