The ring gave Gollum longer life. It transformed him physically. Gollum had been a hobbit but he became a creature who ate fish and lived in caves and dark places. It also transformed him mentally so that he could not live without the ring.
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For one, he provides sure entertainment. Also, he makes it more difficult for Bilbo to just walk away with the Ring. And it is because of Gollum that Bilbo realizes it is a magic Ring he has stumbled across.
It makes him invisible. In addition to allowing him to avoid detection, he was able to use it to rescue the dwarves on at least two occasions. The ring also gave him long live, allowing him to live longer than any other hobbit.
He didn't find the Ring. His cousin Déagol found it. Sméagol (Gollum) murdered Déagol and took it.
Gollum's ring has many powers that we find out about throughout the book, but the earliest one we learn about is the power to turn the wearer invisible.
The loss of the ring was driving Gollum mad. He could always feel its presence, and he was compelled to get it back.
The most noticeable thing was that it made the wearer invisible. It also made the bearer live longer.
Frodo Baggins is the main hobbit character, due to the fact that the greatest burden is placed on him. There is a lot of discussion about who the hero is in The Lord of the Rings. Many believe that Sam is the hero, the one who represents every man. In The Fellowship of the Ring, Frodo is definitely the main hobbit, as we hear mostly his thoughts and feelings. The same goes in the Two Towers. However, Sam is the main hobbit in the Return of the King, as he is the only one left to continue the quest and he saves Frodo and things are seen from his point of view.
The original hobbit was named Bilbo Baggins. He makes a brief appearance in The Lord of the Rings. The book is titled The Hobbit, or There and Back Again by Bilbo Baggins.
Bilbo Baggins, Frodo Baggins and Samwise Gamgee.
He uses the ring many times in The Hobbit. He uses it to escape from Gollum and exit the mountain, he uses it when spying on the giant spiders in Mirkwood, he uses it when the Dwarves are captured by the wood elves, and he uses it when in Smaug's lair.
Bilbo told Smaug a riddle to keep him distracted.