News

Ronin Wallet 2024 Update: Enhanced Security and Multi-Chain Support

Upgrade your Ronin Wallet now for heightened security, multi-chain capabilities, and a fresh design. Explore the latest features and advancements in gaming technology.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

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In the dynamic realm of web3 gaming, Ronin Network emerges as a game-changer, providing an innovative solution to longstanding challenges in the blockchain gaming space. Developed by Sky Mavis, the visionary mind behind Axie Infinity, Ronin is a blockchain designed to enhance the gaming experience, tackling issues such as high gas fees and sluggish transaction speeds on Ethereum. Ronin's capability to process 100,000 transactions per second and its transition to Delegated Proof of Stake (DPoS) underlines its commitment to efficiency. The move from Proof of Authority (PoA) to DPoS enhances decentralization, ensuring both speed and security, essential for a seamless gaming experience.

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The Ronin Wallet has undergone a significant upgrade, promising enhanced security, multi-chain support, and a sleeker, more intuitive design. This comprehensive update is set to redefine the gaming experience for users, offering a glimpse into the future of gaming technology.

The rollout of the release is planned in phases over the next 14 days, allowing users to update their Ronin Wallet at their convenience. While some users may gain immediate access to the update, others may need to patiently await its availability in their preferred app store over the coming weeks. Notably, existing wallets remain accessible during this upgrade release, ensuring uninterrupted access to funds.

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How to Install the New Ronin Wallet

For users who haven't enabled auto-updates, the process is straightforward. Head to the Apple App Store or Google Play Store, search for the Ronin Wallet update, and follow the prompts. It's a simple, yet crucial step to stay on the cutting edge of gaming technology.

Before updating, a pro tip recommends reviewing your seedphrase or recovery password in the existing Ronin wallet. For seedphrase users, a quick check in settings is all that's needed. Social login users should navigate to the Recovery Kit in settings.

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Plug and Play Onboarding with MPC Technology

A major highlight of this update is the integration of Multi-Party Computation (MPC) technology, enhancing the security of the Ronin Wallet. MPC technology divides the wallet into separate shares, requiring multiple shares to access the wallet. This innovative feature streamlines the onboarding process, offering a plug-and-play experience for users.

MPC opens doors for simplified logins across multiple Ronin games and dapps. A hypothetical scenario illustrates the convenience, emphasizing the potential for a seamless, unified gaming experience through social login and MPC technology.

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Introducing Multi-Chain Support – including Ethereum

With over 500K daily active users, Ronin aims to expand its reach by introducing multi-chain support. Ethereum users can seamlessly join the Ronin ecosystem using their existing seed phrase. The Ronin Wallet becomes a versatile hub, connecting to various chains, enabling interactions with dapps, managing NFTs, and handling ERC-20 tokens.

The update encourages users to explore the possibilities of multi-chain support and serves as an excellent opportunity to introduce Ronin to friends interested in the future of web3 gaming.

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New Year, New Look

In a nod to continual improvement, the latest Ronin Wallet design receives functional and aesthetic upgrades. Users are encouraged to update promptly to experience enhanced features such as detailed NFT views, individual token activity history, an in-app Ronin Wallet browser, and access to news from Ronin, Axie, and Sky Mavis.

Address prefixes in the new Ronin Wallet adopt a simplified aesthetic change, starting with 0x instead of ronin:. Importantly, assets remain stored at the same addresses, ensuring a seamless transition for users.

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As Ronin continues to help shape the future of web3 gaming, the 2024 update serves as a foundation for broader adoption. With MPC security, multi-chain support, and a refreshed design, users are encouraged to update their Ronin Wallets promptly, unlocking the full potential of this innovative gaming platform.


News

updated:

January 21st 2024

posted:

January 21st 2024

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