### What is Ronin?

Ronin, represented by the ticker RON, is the ecosystem token of the Ronin blockchain. This blockchain is an EVM-based platform designed specifically for play-to-earn games, with the primary aim of supporting Axie Infinity. Ronin is utilised to secure and decentralise the network.

### How does Ronin work?

Ronin operates using a proof-of-authority (PoA) consensus mechanism. In this system, validators are chosen based on their reputation by the Ronin team. These validators include prominent entities such as Binance, Ubisoft, and Animoca Brands. The RON token plays a crucial role in this setup as validators are required to hold and stake RON to participate in validating blocks, which in turn rewards them with newly issued RON.

### What are the potential use cases for Ronin?

Ronin's blockchain is primarily designed for gaming and decentralised finance (DeFi) applications. Notable use cases include:
- **Gaming**: Ronin supports games such as Axie Infinity by enabling fast and cost-effective transactions.
- **NFT Marketplaces**: It provides robust infrastructure for the creation, trading, and ownership of unique digital assets.
- **Decentralised Applications**: Ronin supports a wide range of DeFi applications, including decentralised exchanges and lending platforms.

### What is the history of Ronin?

Ronin was founded in February 2021 by Sky Mavis, known for creating Axie Infinity, with the objective of developing a blockchain optimised for gaming applications. Initially, Ronin used a Proof of Authority (PoA) consensus mechanism. However, it transitioned to a Delegated Proof of Stake (DPoS) system to enhance security and decentralisation. Over time, Ronin has expanded its market presence, achieving significant growth in active users and trading volume. It continuously evolves with updates and partnerships to support its comprehensive gaming and DeFi ecosystem.

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