SNEAK PEEK
- The Ronin Bridge and Axie Infinity teams will support Ethereum Proof of Stake (ETHPoS).
- Axie Infinity will halt the Ronin bridge twenty-four hours before the Merge as well as reopen it once we have verified support for the Merge in order to protect its integrity.
- In order to gain exposure to ETHPoW, customers are advised to convert their Ronin WETH to Ethereum before the Ronin bridge is suspended.
The Axie Infinity team tweeted on Tuesday, September 6, 2022, that after the Ethereum Merge, Axie Infinity, as well as Ronin Bridge, would support Ethereum Proof of Stake (ETHPoS).
The Merge is the union between Ethereum’s new Beacon Chain proof-of-stake consensus layer with its current execution layer. Instead of using energy-intensive mining, it uses staked ETH to safeguard the network.
1/ 🛠️ETH 2 Transition🛠️
— Axie Infinity🦇🔊 #AxieCon (@AxieInfinity) September 6, 2022
The Ronin Network and Axie Infinity will support Ethereum Proof of Stake (ETHPoS) after the Ethereum Merge. To ensure the integrity of the Ronin bridge, we will pause it 24 hours before the Merge and open it once we have validated support for the Merge.
An incredibly exciting step toward achieving the scalability, security, as well as sustainability goals of Ethereum.
Initially, the Beacon Chain shipped apart from Mainnet, and this is a crucial fact to keep in mind. Even if the Beacon Chain uses proof-of-stake in parallel, the Ethereum Mainnet, with all of its accounts, balances, smart contracts, and blockchain data, is still protected by proof-of-work.
The impending Merge is the point at which these two systems ultimately converge, and proof-of-stake completely replaces proof-of-work.
But, Axie Infinity will halt the Ronin bridge twenty-four hours before the Merge and reopen it when we have confirmed support for the Merge in order to protect their integrity.
Additionally, ETHPoW (Ethereum Proof of Work) will not be supported. In order to gain exposure to ETHPoW, customers are advised to convert their Ronin WETH to Ethereum before the Ronin bridge is suspended.
On the Ethereum blockchain, there is a virtual pet universe called Axie Infinity, where anyone may gain token rewards for playing skillfully and contributing to the ecosystem. It is inspired by the Pokémon franchise.
The Axie Infinity ecosystem’s native token, AXS, is up 8 percent today and is trading at $13.07.
