| General information | |
|---|---|
| Global rank: | 3120 |
| Name: |
OneRing |
| Symbol: | RING |
| Current coin price (IMP): | 0.001 IMP |
| Last hour: | arrow_upward0.400 % |
| Last 24 hours: | arrow_downward-1.16 % |
| Last 7 days: | -2.67 %trending_down |
| Capitalisation (IMP): | 0.000000 IMP |
| Volume 24h (IMP): | 233 185.28 IMP |
| Available supply: | 0.000000 RING |
| Total coin supply: | -1 RING |
| Start date: | 2018-09-03 |
OneRing/Manx pound (RING/IMP) price chart
OneRing/Manx pound (RING/IMP) capitalisation and volume charts
Darwinia Network ($RING) is a blockchain technology platform that stands out for its advanced cross-chain capabilities. Developed by the Singapore-based company Itering, it focuses on creating a seamless multi-chain environment. The network is especially recognized for its reliable bridges connecting Ethereum to Substrate and Substrate to Substrate, demonstrating substantial adoption across various groups. Darwinia's offerings include the Darwinia Chain, a smart contract platform compatible with Ethereum that offers improved performance, faster transaction speeds, and reduced gas fees. Additionally, the Darwinia Msgport, a unique cross-chain messaging architecture, facilitates uninterrupted communication between different blockchains, thus promoting interoperability and collaboration within the blockchain ecosystem.
The native token of Darwinia Network, RING, serves multiple functions within the network. It incentivizes block authors, covers transaction fees, and facilitates community governance. The token model incorporates Native Tokens (RING) and Staked Tokens (KTON), each playing specific roles. RING enables users to pay for cross-chain message transactions, engage in on-chain governance, and lock tokens to operate collator nodes. The RING token is also employed as a gas payment for transactions, contract executions, network bandwidth, storage, etc., across the Darwinia system. The KTON token, a derivative of RING, is generated when users stake their RING tokens for periods ranging from 3 to 36 months, rewarding their long-term commitment to the network's security.
Darwinia Network's chains are built on the Substrate framework, underpinning Polkadot, and include an Ethereum-compatible layer called Frontier. This compatibility extends to accounts, crypto primitives, RPC interfaces, and development tools, simplifying the migration process for Ethereum developers and applications into the Darwinia ecosystem.
The Darwinia Network was established by a team of Chinese blockchain and technology experts, including prominent figures like Alex Chien and Bree Yin. This team has dedicated over five years to evolving cross-chain messaging solutions, contributing significantly to the development and advancement of blockchain infrastructure, with a particular emphasis on NFTs and gaming applications.