Key Takeaways:
- On May 12, Ronin will cross over to Ethereum Layer 2, which will cause the network to be offline for about a 10-hour period.
- During the upgrade, all on-chain activities will pause such as swaps, transfers, NFT trading, and even interactions with games.
- The migration should bring down the inflation level on RON from above 20% to below 1%, and generate more revenue streams for the treasury.
On the 12th of May, the game-centric blockchain will undergo one of its biggest changes ever as it is set to transition to Ethereum Layer 2.
The network confirmed the users can refer to around 10 hours of planned downtime for the migration process. In the duration, all on-chain action within the Ronin ecosystem will be halted, comprising token transfers, smart contract interactions, marketplace activity and blockchain based gaming actions.
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