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Fantom making ready to launch Sonic introducing shared sequencer for L1 and L2 chains

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On March twenty fifth, Fantom Basis CEO Michael Kong unveiled plans for the upcoming launch of Sonic, a groundbreaking development set to revolutionize the blockchain panorama.

Sonic, a end result of years of analysis and growth, guarantees to introduce a shared sequencer tailor-made for each Layer 1 (L1) and Layer 2 (L2) chains, an innovation poised to bolster transaction processing capabilities to unprecedented ranges.

Fantom’s evolution from Opera to Sonic

The journey in the direction of Sonic started with the inception of the Opera community on December 27, 2019.

Constructed upon pioneering ideas similar to Concurrent Widespread Data (CCK) and Lamport Timestamps, Opera represented a big leap ahead in blockchain scalability and transaction finality.

Over time, Opera garnered widespread recognition and utilization, boasting over $10 billion in Complete Worth Locked (TVL) by 2022.

Nevertheless, as demand surged, the community encountered congestion points, prompting the Fantom staff to embark on a mission to boost scalability and consumer expertise.

Enter Sonic, the end result of Fantom’s relentless pursuit of innovation.

With its potential to course of over 2,000 transactions per second (TPS) and obtain sub-second finality, Sonic represents a monumental leap ahead from Opera’s capabilities.

In a nutshell, Sonic’s transformative know-how lays the muse for Fantom’s rebranding as a community-centered entity, poised to cater to the evolving wants of the blockchain ecosystem.

The developments launched by Sonic

Past its technical prowess, Sonic is poised to catalyze a broader transformation inside the Fantom ecosystem.

With a renewed deal with community-centric values, Sonic will usher in a brand new period of collaboration and innovation.

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One of many key highlights of Sonic’s launch is the introduction of a shared sequencer for L1 and L2 chains. This decentralized sequencer will play a pivotal position in facilitating seamless interoperability and scalability throughout completely different blockchain networks.

By enabling the processing of over 180 million each day transactions with real-time affirmation, Sonic will lay the groundwork for a extra inclusive and interconnected blockchain ecosystem.

Along with its technical improvements, Sonic can even introduce a number of governance proposals geared toward additional empowering the Fantom neighborhood.

These proposals embrace enhancements to staking mechanisms, assist for liquid staking tokens (LSTs), and the enlargement of grant packages to foster the event of progressive decentralized purposes (dApps) and public items.

Moreover, Sonic will pave the best way for the introduction of parallel Fantom Digital Machine (FVM) and ZK execution scaling, additional enhancing the platform’s efficiency and capabilities.

Fantom (FTM) token worth

At press time, the FTM token, which is the native token of the Fantom blockchain community, was buying and selling at 1.15, up 1.84% in a day.

The Fantom (FTM) token has proven a robust resilience in March rising by 170% from round $0.39 in the direction of the tip of February to its present worth.

FTM/USD chart

Analysts consider the token continues to be exhibiting power and it may transfer in the direction of $1.63$ after which $2 buoyed by elementary catalysts just like the Sonic launch.

The put up Fantom making ready to launch Sonic introducing shared sequencer for L1 and L2 chains appeared first on Invezz

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