The newly rebranded layer-1 blockchain Sonic (S) is being known as the “golden normal” of layer-2s (L2s) by Andre Cronje, the mission’s co-founder.
Cronje claims on the social media platform X that Sonic, previously referred to as Fantom, is the “solely precise decentralized stage 3 L2.”
“No charge extraction, all submits 100% to ETH, no ‘centralized worth extraction’. Decentralized sequencing. Decentralized bridges.
Whereas the remainder of the L2s proceed to faux fake to ‘decentralize’ (why would they after they get thousands and thousands of charges per yr?), we already did it.
Scaled transactions per second to 16,000+ on the L1. Decreased storage by 98% even on archival nodes. Scaled L1 and jumped to the ‘golden normal’ of L2. Not even mentioning FeeM, FeeSub, and Dynamic Charges.”
A South Korean laptop scientist launched Fantom (FTM) in 2018. The mission aimed to function a device to combination good contracts into decentralized functions (dApps).
Final yr, the event workforce behind the blockchain introduced a rebrand to Sonic as a approach to enhance transaction effectivity.
Buyers can trade of their FTM tokens at a 1:1 fee for S tokens, which may have a number of capabilities throughout the Sonic ecosystem.
S is buying and selling at $0.453 at time of writing. The Eighty fifth-ranked crypto asset by market cap is down practically 8.5% up to now 24 hours.
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