Altcoin

Sonic Now ‘Golden Standard’ from Layer-2s after scaling transactions up to 16,000+ per second, says Andre Cronje

Published

10 months ago

January 30, 2025

The brand new recurrine Layer-1 Blockchain Sonic (s) is known as the “Golden Commonplace” of Layer-2s (L2S) by Andre Cronje, co-founder of the venture.

Cronje claims On the social media platform X, Sonic, previously referred to as Fantom, is “the one precise decentralized stage 3 L2.”

“No value extraction, all submit 100% in ETH, no ‘centralized worth extraction’. Decentralized sequencing. Decentralized bridges.

Whereas the remainder of the L2s proceed to faux to be ‘decentralize’ (why would they’ve already carried out tens of millions of prices per yr), we’ve already carried out it.

Scaled transactions per second to 16,000+ on the L1. Diminished storage by 98%, even at archive nodes. Scaled L1 and jumped to the ‘gold commonplace’ of L2. Not even point out Feem, Feesub and dynamic prices. “

A South Korean laptop scientist launched Fantom (FTM) in 2018. The venture was meant to function an assist to gather good contracts in decentralized functions (Dapps).

Final yr, the event group behind the blockchain introduced one random Sonic as a means to enhance transaction effectivity.

Buyers can trade Of their FTM tokens with a 1: 1 velocity for S -Tokens, which have a number of capabilities throughout the sonic ecosystem.

S acts at $ 0.453 on the time of writing. The eighty fifth rating crypto belongings per market hood has been a lower within the final 24 hours with nearly 8.5%.

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