Crypto
Ronin to shift from independent sidechain to Ethereum layer 2
Gaming-focused blockchain Ronin will switch from an independent sidechain to an Ethereum layer 2 after a hard fork. The shift is aimed at improving security, following a $625 million DeFi bridge hack in May 2022 when it operated as an independent sidechain. Ronin will also change its token economy, adopting a “proof-of-distribution” model to reward builders based on network contributions and reduce token inflation.
