The History of the Mainnet at Sonic Labs
An up-and-coming blockchain pioneer, Sonic Labs, has announced its intention to introduce a public Layer-1 blockchain. This news comes after the successful completion of its first block, which was appropriately dubbed “Genesis.” The development of this first block lays a strong basis for the platform’s mainnet and is a significant step towards wider accessibility.
In an X post on Monday, the Sonic Labs team expressed their excitement, stating that they were prepared to “summon” the Sonic mainnet and extending an invitation to users to become part of their groundbreaking blockchain adventure.
Presenting Blaze: The Updated Testnet Compatible with EVM
The news coincides with the launch of Blaze, Sonic Labs’ updated testnet. Blaze, which is optimized for Ethereum Virtual Machine (EVM) compatibility, exhibits notable performance improvements. With a finality time of 0.85 seconds for the first 221,000 blocks and an average block time of just 1.17 seconds, Blaze demonstrates Sonic Labs’ dedication to providing blazingly quick blockchain solutions.
Sonic Labs: An ambitious spin-off
Sonic Labs, which originated from the Fantom network, capitalizes on the expertise and creativity of Fantom’s Opera blockchain, which made its debut in 2019. Aiming for sub-second finality and a transaction processing capability of 10,000 transactions per second, the project has high standards.
Renowned investors Tarun Chitra and Stani Kulechov have contributed $10 million to Sonic Labs to support these developments. Andre Cronje, a leading authority on blockchain technology, is leading the effort as its chief technology officer.
What Users Should Know About Token Airdrops and Snapshots
Sonic Labs carried out a token snapshot for its impending airdrop on Sunday in advance of its public launch. Fantom’s current FTM tokens and the new ones, which are trading under the ticker $S, will continue to have a 1:1 exchange ratio. The goal of this action is to encourage community involvement in the emerging blockchain environment while rewarding early adopters.
Sonic Gateway: Connecting Sonic Labs and Ethereum
The Sonic Gateway, an Ethereum bridge that improves interoperability, will also make its debut during the public launch. The Sonic Gateway offers low transaction fees and great throughput by using Ethereum’s liquidity. To further increase scalability and efficiency, the platform will also have a shared sequencer to guarantee safe block manufacturing for numerous rollups.
Blockchain Performance’s Future
Sonic Labs has the potential to revolutionize blockchain performance by combining low-cost transactions, scalability, and speed. The company’s impending Layer-1 blockchain launch portends a time when decentralized networks will be able to attain previously unheard-of levels of accessibility and efficiency. With blockchain technology, the Genesis block is just the start of what seems to be a revolutionary journey.
