Ronin set to transition to Ethereum layer 2 from independent sidechain
CoinDesk·
60-second summary
Ronin is transitioning to Ethereum layer 2 from its independent sidechain, aiming to boost security, tokenomics, and scalability. This move comes after the largest DeFi bridge exploit on record in 2022. The shift will allow Ronin to leverage Ethereum's security and scalability, potentially increasing user trust and adoption in the decentralized gaming and NFT market.
The purpose behind the migration is to enhance security, tokenomics and scalability, said Ronin, which suffered the largest DeFi bridge exploit on record in 2022.