Sonic Blockchain Aims to Become the Fastest Network with Impressive Transaction Finality
- The Sonic blockchain achieves a transaction finality of 720 milliseconds (ms) during its testnet.
- Finality is the assurance that a transaction is irreversible after being added to a block.
- Sonic claims to be the world's fastest Ethereum Virtual Machine (EVM) chain.
- Andre Cronje, creator of Fantom Network, confirms Sonic's 720-ms finality.
- Sonic could become the fastest blockchain network by transaction finality.
- Up to 90% of Sonic's gas fees go to developers, making it attractive for builders.
Summary :
The Sonic blockchain has achieved a transaction finality of 720 milliseconds during its testnet. Finality refers to the assurance that a transaction is irreversible once added to the blockchain ledger. Sonic claims to be the fastest Ethereum Virtual Machine (EVM) chain, with a true finality of 720ms. This is considered impressive, and if maintained after the mainnet launch, Sonic could become the fastest blockchain network by transaction finality. Currently, the Solana mainnet holds the title with a 12.8-second finality, but it requires 31 block confirmations unlike Sonic's testnet. Sonic could attract developers as 90% of the network's transaction fees are paid back to them. The Fantom Foundation also supports Sonic's development and has allocated $120 million in tokens to help developers migrate their projects. The Sonic Foundation will oversee governance, manage the network treasury, and develop the decentralized application ecosystem.
Sources :
- CoinTelegraph