Sky Mavis, the company behind the Play to Earn game Axie Infinity and its sidechain Ronin Network, has announced that the network now has a total of 17 validators.
The Ronin Network sidechain, where the popular Play to Earn (P2E) game Axie Infinity is developed, is strengthening its infrastructure in order to ensure the stability and security of the network and its users.
Ronin Network adds 3 new network validators
Last March, Ronin Network was the target of one of the largest hacks in cryptocurrency history, losing more than $600 million worth of assets held on the chain.
This hack negatively impacted the price of the gaming ecosystem's tokens, Axie Infinity Shards (AXS) and Smooth Love Potion (SLP), which have lost more than 70% of their value since then. At the time of the attack, the sidechain had only 9 validators. However, all of these were replaced, as reported by Sky Mavis, the company that develops the Axie Infinity gaming ecosystem and its Ronin Network sidechain, on March 31.
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Sky Mavis has been working to restore the security and trust of its users in the network. Although Ronin Network remains a highly centralized sidechain, The company is aiming for a new approach with which he seeks to distribute powerFor this, Sky Mavis has been adding new validators to the network that are elected by voting.
Recently, the company reported that Three new validators have joined the Ronin Network sidechain. In the past four months, it had also reported on the addition of another five validators to the network, so There are currently a total of 17 validators on the sidechain.
Efficient Frontier, Nansen.ai and Community Gaming, Ronin's new validators
Ronin Network validators are nodes whose task is to verify deposits and transactions that occur within the network. They are all operated by highly reputable companies and investors with a significant stake in the ecosystem, such as @Coco__Bear.
Each of the new validators has been selected very carefully, Sky Mavis said. In addition, as part of its commitment to greater security and moving towards decentralization, the company is putting the selection of these validators to a vote.
Now, the three new validator nodes, recently added to the network, will be in the hands of Efficient Frontier, Nansen.ai and Community Gaming.
The first of these companies, Efficient Frontier, is a digital asset algorithmic trading company that enables market making within centralized and decentralized exchanges (DEXs). Efficient Frontier has been working with Sky Mavis since 2020, contributing as a market maker for the Ronin network, ensuring liquidity of tokens within the ecosystem, the company said in a statement. release.
On the other hand, Nansen.ai is a blockchain analytics platform that provides detailed insights into Ronin Network data. While Community Gaming is a global platform focused on gamers, organizers, and game developers, offering different tools for them to create, facilitate, and participate in so-called eSports tournaments.
Sky Mavis will reach 21 network validators, initially
In addition to integrating new validators into the Ronin Network, Sky Mavis has also executed a series of audits to ensure the security of the sidechain. All of this is done in order to ensure that transactions on Ronin are processed correctly and securely.
Sky Mavis has also set an initial goal of reaching 21 independent network validators, who contribute to stability and collectively secure the sidechain.
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