- According to Sonic Labs, the network will shortly go public after its mainnet blockchain generated its first block.
- The announcement follows Sonic Labs’ release of Blaze, an enhanced default “testnet 2.0” for the EVM-compatible blockchain, a few days prior.
The Layer 1 blockchain project Sonic Labs, which is a division of the Fantom network, declared that its new blockchain had generated its first transaction block. The network is anticipated to go “public soon” now that “Genesis” has been accomplished, the business stated in an X post on Monday.
The team announced earlier in the day that they were summoning the Sonic mainnet.
The announcement follows Sonic Labs’ release of Blaze, an enhanced default “testnet 2.0” for the EVM-compatible blockchain, a few days prior. Amazing speed improvements were observed on the Sonic testnet, according to a statement released in late November.
With 10,000 transactions per second and one-second confirmation times, Sonic eventually hopes to attain sub-second finality and establish a new benchmark for high-performance chains.
The project is an extension of the late 2019 launch of Fantom’s Opera blockchain. Andre Cronje is its chief technology officer, and it has raised $10 million from well-known investors like Michael Egorov, Robert Leshner, Tarun Chitra, and Stani Kulechov.
The team is on schedule to meet its target of mainneting in late November or early December, as previously stated.
Sonic Labs announced on Sunday that it had taken a snapshot for the token distribution in the airdrop. Following launch, tokens on the Sonic network will trade 1:1 with Fantom’s current FTM tokens and utilize the ticker $S.
The Sonic Gateway, an Ethereum bridge built within the new chain, will enable the platform to take advantage of Ethereum’s user base and liquidity while preserving its own high throughput and cheap transaction fees. Additionally, it will share a sequencer, which will enable it to encrypt and generate blocks for several rollups at once.
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