Join our Telegram channel to stay up to date with the latest news
Sonic Labs, a layer 2 blockchain project that is a spinoff from the Fantom network, has announced that its new blockchain will go live “soon” after recently producing its first transaction block.
“Genesis realized. Block zero. Infrastructure deployment. Soon public,” the project said in a December 2 X article.
Sonic Mainnet Tracks “Incredible Performance Improvements” Achieved With Testnet 2.0 Launch
The new Sonic mainnet is the successor to the Ghost Opera Network. This rebranding to Sonic will include improved network performance, reduced latency, and much lower transaction fees.
Genesis realized.
Block zero.
Infrastructure deployment.
Soon public.
– Sonic Labs (prev. Fantom) 💥 (@0xSonicLabs) December 2, 2024
The move toward the public mainnet launch follows shortly after Sonic Labs unveiled its “testnet 2.0” called Blaze on December 1. Blaze comes with compatibility for the Ethereum Virtual Machine (EVM) and has seen “incredible performance improvements,” according to a release. released at the end of November.
Ultimately, Sonic aims to achieve sub-second finality and set a precedent for high performance in the Web3 space with 10,000 transactions per second. Over its first 221,000 blocks, the Blaze testnet posted an average block time of 1.17 seconds and transaction finality of 0.85 seconds.
Sonic Labs says Airdrop snapshot has already been taken
Last Sunday, Sonic Labs announced that it had taken a “snapshot” for its next drop. Once the Sonic Layer 1 mainnet is launched, the network’s native token will use the $S ticker. These new tokens can then also be exchanged at a 1:1 ratio with Fantom’s current FTM tokens.
Alongside the launch of the Sonic mainnet, the project will deploy a Ethereum bridge also called Sonic Gateway. This tool will allow the new platform to take advantage of Ethereum’s significant liquidity while 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 Wanted Crypto Launch – Pepe Unchained
- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $40M Raised in ICO – Ends in December
Join our Telegram channel to stay up to date with the latest news