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Cryptocurrency News Articles
Ronin to Integrate Zero-Knowledge Ethereum Virtual Machine (zkEVM)
Apr 04, 2024 at 09:50 pm
Ronin plans to integrate zero-knowledge Ethereum Virtual Machine (zkEVM) to increase its blockchain scalability. The integration aims to provide ZK rollups as a service to developers, enabling them to launch custom ZK rollups and generate revenue through transaction fees.
Ronin Embraces Zero-Knowledge Ethereum Virtual Machine (zkEVM)
In a significant stride towards enhanced scalability and efficiency, Ronin Network has unveiled its plans to embrace the zero-knowledge Ethereum Virtual Machine (zkEVM). This strategic integration marks a pivotal step in the evolution of the Ronin blockchain, positioning it as a leading platform for gaming applications.
ZK Rollups as a Service
After meticulously assessing various scalability solutions, including optimistic rollups and zero-knowledge aggregation, Phuc Thai, Ronin's Chief Researcher, has identified zkEVM as the optimal choice. The integration plan involves embedding a Zero-Knowledge (ZK) prover within the Ronin protocol, effectively offering ZK rollups as a service to developers. This initiative, aptly named "Enshrined zkEVMs," promises to transform the development landscape on the Ronin platform, particularly in addressing blockspace capacity limitations.
Empowering the Ecosystem
The integration of zkEVM is not merely a technological advancement; it is a catalyst for empowering developers and game studios. By allowing them to establish their validator nodes and launch ZK rollups, Ronin opens up new revenue streams through transaction fees paid by users on their Layer 2 networks. This model fosters a mutually beneficial ecosystem where the interests of delegators, validators, users, builders, and RON token holders are aligned.
Enhanced Decentralized Applications
Beyond scalability, zkEVM integration is expected to significantly enhance Ronin's decentralized applications, including the Katana Decentralized Exchange (DEX) and the Mavis Market. By mitigating high slippage fees and facilitating seamless bridging across rollups, these improvements aim to deliver a more user-friendly and cost-effective experience. Additionally, Ronin is introducing a novel Cross-Chain Relayer Service, which will streamline cross-chain transactions, further bolstering the ecosystem's capabilities.
Conclusion
Ronin's adoption of zkEVM is a testament to the platform's commitment to innovation and its dedication to providing an optimal environment for developers and users alike. As the blockchain gaming industry continues to evolve, Ronin is poised to maintain its position as a leader, offering a scalable, efficient, and empowering platform for the future of interactive entertainment.
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