Understanding the DPoS Upgrade and Key Updates on the Ronin Network

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 Ronin Network, a sidechain of Axis Infinity, has revealed that it will be undergoing a DPoS (Delegated Proof-of-Stake) upgrade, which will bring forth two vital updates. What does this upgrade mean for the network and its users? Read on to find out.

1. Introduction

– Brief explanation of the Ronin Network and its role in the crypto space.

2. What is DPoS and How Does it Work?

– A detailed explanation of DPoS, including its advantages over other consensus mechanisms.

3. Key Benefits of the DPoS Upgrade on the Ronin Network

– Explanation of the benefits that the network and its users will enjoy as a result of the DPoS upgrade.

4. Key Updates to be Implemented During the DPoS Upgrade

– Detailed explanation of the two updates that the Ronin Network will be implementing during the DPoS upgrade.

4.1 Block Producer Election System Update

– Explanation of the problems with the current block producer election system and how the new update will address them.

4.2 Staking Contract Update

– Explanation of the current staking contract’s issues and how the new update will provide a better experience for users.

5. Potential Impact of the DPoS Upgrade

– Discussion of the potential impact the DPoS upgrade could have on the Ronin Network and its users.

6. Conclusion

– Recap of the key takeaways from the article.

FAQs

1. What is the Ronin Network?
2. What are the benefits of using DPoS over other consensus mechanisms?
3. How will the DPoS upgrade impact the user experience?