The native assets for Darwinia Network is RING, RING can be used as gas for transactions. Gas include transaction fees, contract execution fees, network bandwidth charges, storage fees, and more.
RingCoin (ticker: RING) is a decentralized digital currency that runs on a hybrid Proof-of-Work and Proof-of-Stake consensus — in plain terms, the network is secured by both miners crunching computations and holders locking up their coins. Like other cryptocurrencies, it lets you send value directly to anyone, anywhere, without a bank or payment processor in the middle. RING is the native coin of the network: it's what you use for transactions and what participants earn for keeping the system running.
RingCoin is a decentralized cryptocurrency with the ticker RING, used to send and receive value over its own blockchain. The main difference from Bitcoin is the consensus model: instead of relying purely on mining (Proof-of-Work), RingCoin combines PoW with Proof-of-Stake, so both miners and coin holders take part in securing the network.
On the Proof-of-Work side, miners compete to solve cryptographic puzzles and produce new blocks. On the Proof-of-Stake side, holders lock up (stake) their RING to validate blocks and earn a share of the rewards. Running both at once is designed to make the network harder to attack, since an attacker would need to overpower the mining power and acquire a large stake at the same time.
New RING enters circulation as block rewards — coins generated by the protocol each time a new block is added to the chain. In a hybrid system like this, those rewards are shared between miners and stakers, with the exact split and schedule set by the network's rules. There is no central issuer: supply grows only through this block-by-block process.
RING is stored in a wallet that supports the coin — typically the project's official wallet or a compatible third-party one — and hardware wallets are the safest option for larger amounts, since your keys never touch the internet. From your wallet you can send and receive RING, pay network transaction fees, and if you hold coins, you can stake them to earn rewards while helping secure the network. Always double-check wallet compatibility before sending funds anywhere.