TL;DR
- Fantom announces the launch of its Sonic technology in response to the scalability challenges faced by the Opera network.
- Sonic can process up to 2,000 TPS with sub-second finality.
- Fantom plans to create a new shared sequencer for L1 and L2 chains, capable of processing over 180 million daily transactions.
In a strategic move to address scalability challenges and improve the efficiency of its network, Fantom has announced the launch of its innovative Sonic technology. This new technology emerges as a response to the limitations experienced by the Opera network, which despite achieving impressive growth since its launch in 2019, also faced congestion issues during periods of high demand.
The Opera network, based on concepts like Concurrent Common Knowledge (CCK) and Lamport Timestamps, marked a milestone by becoming the first permissionless DAG-based protocol. However, despite its ability to process up to 200 transactions per second (TPS) with sub-600 millisecond finality, the network began to face difficulties as its popularity grew, experiencing congestions that negatively impacted user experience.
Michael Kong Unveils Sonic’s Launch and Beyond
TL;DR
Sonic will be used to create a new best-in-class shared (decentralized) sequencer for L1 and L2 chains, capable of 180M daily transactions at sub-second finality, and serve as the foundation to relaunch Fantom as an entirely… pic.twitter.com/AFEYxddC09— Fantom Foundation (@FantomFDN) March 25, 2024
It is in this context that Sonic emerges as an evolution of Fantom’s technology. With the ability to process up to 2,000 TPS with sub-second finality, Sonic represents a significant advancement compared to the Opera network. This substantial improvement in scalability and network efficiency positions FTM as a more attractive and competitive option.
Fantom Builds the Future of Blockchain
Additionally, Fantom has ambitious plans to maximize the potential of Sonic technology. Among the proposals is the creation of a new world-class shared sequencer for L1 and L2 chains, capable of processing over 180 million daily transactions with sub-second confirmation times. This initiative will not only enhance the user experience but also lay the groundwork for the rebranding of Fantom as a community-focused brand.
To support this transition, FTM plans to implement various measures, including simplifying the participation process and supporting staking liquidity. Furthermore, grant programs will be initiated to encourage the development of applications and public goods, and reward campaigns will be launched to incentivize community participation.
Fantom is rapidly advancing towards scalability and mass adoption. With faster, more secure, and efficient technology, FTM is poised to establish itself as a significant force in the crypto ecosystem and unlock new opportunities for innovation and growth.
