TL;DR
- Ronin launches zkEVM to improve the blockchain gaming experience.
- Developers will be able to create their own Layer 2 chains using zkEVM on the mainnet.
- zkEVM promises greater scalability, security, and faster, cheaper transactions.
Ronin has announced the launch of zkEVM, a new zero-knowledge virtual machine (zkEVM) that will allow developers to create their own Layer 2 chains on top of the Ronin mainnet.
This innovation, developed using a custom version of the Polygon Chain Development Kit (CDK), is set to revolutionize the Web3 gaming space by delivering faster and more accessible gaming experiences.
BREAKING: LAYER 2 BLOCKCHAINS ARE COMING TO RONIN!
Introducing Ronin zkEVM ⚔️
• In the near future, Ronin builders will be able to leverage the @0xPolygon Chain Development Kit (CDK) to create their own zkEVM layer 2 (L2) chains on Ronin and permissionlessly deploy their games… pic.twitter.com/kj1P0kQtD7
— Ronin (@Ronin_Network) June 18, 2024
The Ronin network, known for supporting Sky Mavis flagship game Axie Infinity, has expanded to support a variety of gaming applications, reaching 1.5 million daily active users.
With the introduction of zkEVM, this network is expected to continue its growth, providing game studios with advanced tools to innovate and engage a broader audience.
Trung Nguyen, CEO and co-founder of Sky Mavis, highlighted that the company’s main goal is to build a unified gaming ecosystem that facilitates asset transfers and token exchanges between different layers.
The zkEVM will not only allow developers to launch Layer 2 chains on the protocol network, but will also align incentives between these new chains and the Ronin mainnet.
For example, developers will need to meet the 250K RON requirement to operate a validator before launching their chain, which will encourage economic activity in these Layer 2s and increase staking rewards for delegators.
This security and reward alignment will improve Ronin’s scalability, security, and decentralization.
Benefits of zkEVM for the Ronin Network
A crucial aspect of zkEVM is its ability to process more transactions without revealing the underlying data, thanks to zero-knowledge proofs.
This method allows validators to demonstrate their knowledge of transactions without exposing information, reducing the space required in the block and preserving privacy.
In practical terms, this translates into faster and less expensive transactions, from transfers and swaps to interactions with smart contracts.
Currently, Ronin can handle up to 40 million transactions daily.
With zkEVM, one hopes to scale this number to 400 million, or even 4 billion, imagining an existing Ronin mainnet with an infinite number of overlapping chains.
This increase in capacity is essential to support a greater diversity of games, including fully on-chain games that require high transaction volumes.
The Cross-Chain Relayer being developed will facilitate seamless transactions across multiple zkEVM chains, ensuring efficient and economical operations.
This tool will allow users to seamlessly transfer and exchange tokens while interacting with any chain in the Ronin ecosystem, and buy and sell NFTs through Mavis Market.
In short, the introduction of zkEVM on Ronin marks a pivotal moment in the evolution of blockchain gaming.
By offering faster and more efficient transactions and supporting diverse gaming needs, zkEVM technology prepares the platform to become a leading platform in the Web3 gaming space, attracting billions of players and making it easier to create their first games crypto wallets.
