Sonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje

The newly rebranded layer-1 blockchain Sonic (S) is being referred to as the “golden normal” of layer-2s (L2s) by Andre Cronje, the challenge’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 pretend faux to ‘decentralize’ (why would they once they get thousands and thousands of charges per 12 months?), 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 pc scientist launched Fantom (FTM) in 2018. The challenge aimed to function a software to mixture good contracts into decentralized purposes (dApps).

Final 12 months, 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 charge for S tokens, which could have a number of features inside 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 almost 8.5% prior to now 24 hours.

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