Fantom Foundation, spearheaded by CEO Michael Kong, has unveiled its latest venture, Sonic, in a groundbreaking move that will reshape blockchain technology.
Fantom Announces Ambitious Plan to Revolutionize Blockchain Transaction Speeds
This project aims to deliver a revolutionary 'shared sequencer' that can significantly increase transaction processing speeds across multiple blockchains.
Scheduled to be released in late summer or early fall of this year, Sonic has an impressive efficiency of 2,000 transactions per second (TPS) with sub-second accuracy.
This marks a significant jump from Fantom's current version of Opera, which supports 200 TPS.
Kong expressed optimism about Sonic's potential to redefine the DeFi (Decentralized Finance) landscape on Fantom, noting that it is facilitating liquid stake tokens and expanding grant programs to support development initiatives.
However, Sonic's scope extends beyond Phantom's ecosystem. Kong explained that he plans to use Sonic as a “shared sequencer” for both Layer 1 and Layer 2 chains, positioning it as a foundational element for multiple blockchain networks.
This shared sequencer concept, similar to a pool of sequencers serving several rollups simultaneously, aims to streamline transaction processing and increase scalability.
Notable examples being developed alongside Sonic include Espresso, Astria, and FairBlock. Additionally, Fantom had explored integrating optimistic recoveries to bridge connections with Ethereum the previous year.
*This is not investment advice.