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Cryptocurrency News Articles

Sonic Labs Unveils Plans to Launch the Sonic Mainnet, Targeting Sub-Second Finality and 10,000 TPS

Dec 03, 2024 at 09:35 pm

This big step comes shortly after Sonic Labs rolled out Blaze, their upgraded “testnet 2.0” built for EVM-compatible applications.

Sonic Labs Unveils Plans to Launch the Sonic Mainnet, Targeting Sub-Second Finality and 10,000 TPS

Sonic Labs, the team behind the high-performance blockchain Sonic, is gearing up for the grand launch of their mainnet. Recently, they've taken a snapshot of the Fantom Opera chain at block 3,432,665 to prepare for an upcoming airdrop.

As part of the launch, Sonic tokens ($S) will be airdropped to Fantom Opera ($FTM) holders at a 1:1 ratio. This means that for every FTM token you hold, you'll receive the equivalent amount of $S tokens on the Sonic mainnet. Notably, the minimum FTM balance required to be eligible for the airdrop is 10,000 FTM.

To further integrate with the broader blockchain ecosystem, Sonic Labs is also launching the Sonic Gateway, a bridge to Ethereum. This bridge will enable users to transfer assets between the Sonic and Ethereum chains quickly and efficiently.

Moreover, Sonic Gateway will play a crucial role in facilitating high-speed transactions and low fees on the Sonic chain while simultaneously providing access to Ethereum's vast liquidity and user base.

As a testament to the team's dedication to pushing the boundaries of blockchain technology, Sonic Labs is also working on a shared sequencer for the Sonic chain. This sequencer will be capable of creating and securing blocks for multiple rollups in parallel.

This capability will significantly enhance the efficiency and scalability of the Sonic chain, allowing it to handle a large volume of transactions swiftly and cost-effectively.

News source:cryptoticker.io

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Other articles published on Dec 05, 2024