Axis Infinity’s Ronin Network Announces Two Key Updates for Upcoming DPoS Upgrade

On April 11th, according to official Twitter, the Axis Infinity side chain Ronin Network stated that with the upcoming DPoS upgrade, two key updates will be executed to ensure a smooth transition.

Ronin Network: To ensure a smooth transition of DPoS upgrades, two key updates will be executed

The Axis Infinity side chain Ronin Network has officially announced two key updates that will be implemented with its upcoming DPoS upgrade. The updates have been designed to smooth the transition and ensure that users can continue to enjoy seamless functionality. In this article, we’ll explore the updates in greater detail, discussing what they entail and what they mean for users.

Understanding the Ronin Network’s DPoS Upgrade

Before diving into the updates themselves, it’s important to have a basic understanding of the Ronin Network’s DPoS (Delegated Proof of Stake) upgrade. DPoS is a consensus mechanism used by blockchain networks to confirm transactions and maintain the integrity of the network.
With the DPoS upgrade, the Ronin Network will introduce a number of new features and improvements aimed at improving the speed and efficiency of the network. These will include improved bandwidth allocation, faster block production times, and increased scalability.

The Two Key Updates

To ensure a smooth transition to the new DPoS system, the Ronin Network has identified two key updates that will be implemented:

Update 1: Chain ID Update

The first update will involve the implementation of a new Chain ID system. This will involve the creation of a new Chain ID specific to the Ronin Network, which will replace the current Chain ID used by the network.
This update is necessary to ensure that the Ronin Network is fully compatible with the new DPoS system. By creating a new Chain ID, the network will be able to distinguish between old and new nodes, ensuring that transactions can be processed correctly and without any issues.

Update 2: Node Update

The second update will involve the implementation of a new Node system. This will involve the creation of new nodes that are fully compatible with the new DPoS system, replacing the old nodes currently in use.
This update is necessary to ensure that the network’s infrastructure is fully optimized for the new DPoS system. By replacing the old nodes with new ones, the network will be able to process transactions more quickly and efficiently, while also ensuring that the system remains stable and secure.

Implications for Users

For users of the Ronin Network, these updates will have a number of important implications. Firstly, it’s important to note that the updates will be mandatory, meaning that all users will need to update their nodes in order to continue using the network.
However, the updates are also designed to be as seamless and user-friendly as possible. Users will be provided with detailed instructions on how to update their nodes, and the process will be fully automated, making it as simple and straightforward as possible.
Overall, the updates represent a significant step forward for the Ronin Network, enhancing the functionality and efficiency of the network while also ensuring its ongoing stability and security.

Conclusion

The Ronin Network’s upcoming DPoS upgrade represents an important milestone in the development of the platform, and the two key updates announced by the network represent a significant step forward. By implementing a new Chain ID system and introducing new nodes optimized for the new DPoS system, the Ronin Network will be able to continue to deliver fast, secure, and efficient functionality to its users.

FAQs

1. Will the updates require any downtime for the Ronin Network?
The updates will be rolled out in a way that minimizes downtime for the network, ensuring that users can continue to enjoy fast and reliable functionality.
2. How will the updates affect the speed of the Ronin Network?
The updates are designed to increase the speed and efficiency of the network, allowing for faster processing times and improved scalability.
3. Will the updates have any impact on the security of the Ronin Network?
No, the updates are designed to maintain and improve the security of the Ronin Network, ensuring that it remains resistant to attacks and other security threats.