Bitcoin

Sonic Labs Says Mainnet Will Go Live Soon

1 Mins read

Join Our Telegram channel to stay up to date on breaking news coverage

Sonic Labs, a layer-2 blockchain project that is a split off of the Fantom network, announced that its new blockchain will go live “soon” after it recently produced its first block of transactions.

“Genesis achieved. Block zero. Infrastructure deploying. Public soon,” the project said in a Dec. 2 X post.

Sonic (S) là gì? Mạng blockchain được đổi tên từ Fantom

Sonic Mainnet Follows “Incredible Performance Enhancements” Achieved Through Testnet 2.0 Launch

The new Sonic mainnet is a successor to the Fantom Opera network. This rebranding to Sonic will include enhanced network performance, reduced latency and much lower transaction fees.

The move toward the public mainnet launch follows shortly after Sonic Labs unveiled its “testnet 2.0” called Blaze on Dec. 1. Blaze comes with compatibility for the Ethereum Virtual Machine (EVM), and saw “incredible performance enhancements,” according to a statement released in late November.

Ultimately, Sonic aims to achieve sub-second finality as well as set a precedent for high-performance in the Web3 space with 10,000 transactions per second. During its first 221,000 blocks, the Blaze testnet posted an average block time of 1.17 seconds and a transaction finality of 0.85 seconds. 

Sonic Labs Says Airdrop Snapshot Already Taken

This past Sunday, Sonic Labs shared that it has taken the “snapshot’ for its upcoming airdrop. Once the Sonic layer-1 mainnet has launched, the network’s native token will use the ticker $S. These new tokens can then also be traded on a 1:1 ratio with Fantom’s current FTM tokens.

Along with the launch of the Sonic mainnet, the project will deploy an Ethereum bridge called the Sonic Gateway as well. This tool will enable the new platform to leverage Ethereum’s deep liquidity while simultaneously maintaining its high speeds and low transaction costs.

There will also be a shared sequencer within the Sonic ecosystem, which will allow the network to produce and secure blocks from multiple rollups.

Related Articles:

Most Searched Crypto Launch – Pepe Unchained

Pepe UnchainedPepe Unchained
  • Layer 2 Meme Coin Ecosystem
  • Featured in Cointelegraph
  • SolidProof & Coinsult Audited
  • Staking Rewards – pepeunchained.com
  • $40+ Million Raised at ICO – Ends December

Pepe UnchainedPepe Unchained


Join Our Telegram channel to stay up to date on breaking news coverage



Source link

Related posts
Bitcoin

Top 5 Cryptocurrencies for Beginners and How to Get Started

7 Mins read
Getting started with cryptocurrency can feel overwhelming, especially for beginners navigating a sea of complex jargon and thousands of tokens. But it…
Bitcoin

Crypto All-Stars Set for DEX Launch Monday 23rd December After $26M Presale

5 Mins read
Bitcoin’s sudden drop below the $100,000 mark on December 19th marked the start of a market-wide downturn that saw the broader crypto…
Bitcoin

Next Cryptocurrency to Explode, 22 December — DeXe, UXLINK, Livepeer, IDEX

5 Mins read
Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency market experiences changes and developments that shape…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *