Following the multi-million dollar exploit suffered on the Ronin network, the company has taken decisive steps to upgrade the crypto wallet. In an advanced report, the team behind the Ronin network Sky Mavis confirmed the completion of an upgrade on the crypto wallet.
The Sky Mavis team stated that the developers integrated advanced multichain models to boost the efficiency of the Ronin wallet. Currently, the Ronin crypto wallet is available on IOS and Android devices, allowing customers to buy and sell crypto assets effortlessly.
Ronin Integrates Multichain Support
A review of the recent report demonstrated that the primary objective of the upgrade is to improve the transaction speed. The desire to boost the customer experience compelled the Sky Mavis team to integrate Ethereum, Polygon and Binance BNB chain on the Ronin wallet.
Besides integrating additional networks, the Ronin developers introduced an in-app web browser allowing users to trace the performance of certain crypto assets. Notably, the developers designed the in-app browser with visual features that display token activities and critical information concerning a specific nonfungible token (NFT).
On the visual in-app browser, the developers added additional security features on the multi-party computation (MPC) to strengthen the privacy and security of the crypto wallet.
Ronin Invests in Upgrades
The development of the MPC will enable crypto investors to store their confidential information, including wallet logins, on the backend. Unlike other digital wallets that require single private keys to log in, Ronin users must have multiple logins to access the wallet.
The report demonstrated that the Ronin upgrades would eliminate the use of multiple wallets to access Axie Infinity and Pixel. Since last year, the Ronin developers have worked on improving the performance of the network.
The development allowed Pixel to migrate from the Ethereum sidechain Polygon to the Ronin network to optimize its activities. Besides launching the Pixel game on Ronin, the developers introduced the Binance Pay feature to support users in making crypto payments seamlessly.
Following the upgrades on the Ronin wallet, the price of its native token gained a strong bullish momentum, with the token trading at $2.26 in a day.