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bullish
Turning a $623M Exploit into a Lesson in Crypto Building Blocks
SUMMARY
- The Ronin Network was Axie’s response to Ethereum’s low speed and high transaction fees
- Ethereum’s scalability issues came in the way, so Axie built their own blockchain: the Ronin Network was created as an Ethereum’s sidechain to help speed up transactions
- Ronin was one of the main improvements responsible for the subsequent boom that led Axie to onboard hundreds of thousands of players and become a milestone in crypto history
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