Welcome to Extreme Investor Network, where we bring you the latest and most exciting updates in the world of blockchain technology. Today, we are thrilled to share with you the unveiling of Sonic, a revolutionary blockchain technology, by Michael Kong, CEO of Fantom Foundation.
At Extreme Investor Network, we pride ourselves on providing unique insights and valuable information to our readers. The launch of Sonic marks a significant milestone in the world of blockchain, promising unparalleled scalability and security. This groundbreaking technology is set to revolutionize the way we think about blockchain.
Building on the success of the Opera network, which debuted in 2019 and laid the foundation for Sonic’s development, Fantom Foundation has been hard at work for the past two years to create a blockchain technology that is both scalable and secure. With a capacity to process 2,000 transactions per second and sub-second finality, Sonic represents a significant leap forward in blockchain technology.
But the innovations don’t stop there. Fantom has ambitious plans for Sonic, including the creation of a shared sequencer for both L1 and L2 chains, enabling the processing of over 180 million daily transactions with real-time confirmation times. This development will serve as the bedrock for relaunching Fantom as a community-centric brand.
At Extreme Investor Network, we understand the importance of governance and adoption in the world of blockchain. That’s why Fantom plans to propose a governance proposal that includes key initiatives like a safe and trust-minimized bridge with native Ethereum access, simplified staking with a fixed 14-day unbonding period, and an expansion of the Sonic Labs grant program to incentivize developers.
Furthermore, Fantom is committed to rewarding existing users on the Opera network and encouraging adoption of the new chain. With upgrades like supersets and parallelization on the horizon, Fantom Virtual Machine (FVM) is set to become even more efficient.
As we look to the future, Fantom also recognizes the importance of a canonical stablecoin for the success of decentralized finance (DeFi) on both the Opera network and the new Sonic stack. Efforts are underway to implement a canonical stablecoin in the near future.
Michael Kong expressed his excitement about the upcoming developments and partnerships, emphasizing Fantom’s commitment to the evolution of the platform with the support of token holders, stakers, and projects on Fantom. Stay tuned for more exciting updates from Extreme Investor Network as we continue to bring you the latest in blockchain technology.
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