The new Sonic Blockchain (s) of layer 1 is called “Gold Standard” of the Lay-2 (L2S) by Andre Cronje, co-founder of the project.
Cronje claims on the X social media platform that Sonic, formerly known as Fantom, is the “only real stadium 3 decentralized L2”.
“No cost extraction, all is 100% subject to ETH, not” centralized value extraction “. Decentralized sequencing. Decentralized bridges.
While the rest of the L2 continues to pretend to pretend to “decentralize” (why, when they get millions of fees per year?), We have already done so.
Scale transactions per second at 16,000+ on the L1. Decrease in storage of 98% even on archive nodes. Failure L1 and jumped to L2’s “Golden Stone”. I do not even mention the feem, feesub and dynamic costs. »»
A South Korean computer scientist launched Fantom (FTM) in 2018. The project was to serve as a tool to aggregate intelligent contracts in decentralized applications (DAPP).
Last year, the development team behind the blockchain announced its brand change to Sonic as a means of improving the efficiency of transactions.
Investors can exchange their FTM tokens at a rate 1: 1 for tokens S, which will have several functions within the sound ecosystem.
S is negotiated at $ 0.453 at the time of the editorial staff. The classified cryptographic asset of the 85th by market capitalization is down almost 8.5% in the last 24 hours.
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