Sonic blockchain reaches record 720ms finality in testnet phase
During the testnet phase, the Sonic chain achieved a transaction finality of 720 milliseconds (ms), marking a significant milestone in blockchain development.
In blockchain, finality is the assurance that a transaction is irreversible, which happens after it is added to a block on the blockchain ledger.
Sonic claims to be the world’s fastest Ethereum Virtual Machine (EVM) chain, with a “true” 720-ms finality, according to Andre Cronje, the creator of the Fantom Network and the chief technology officer of Sonic Labs.
Cronje wrote in a Sept. 8 X post:
“400ms responsiveness (perfect for synchronous events). 720ms finality (true, not probabilistic - no "please wait 30 blocks").”
Sonic testnet, finality numbers. Source: Andre Cronje
After a transaction is executed, most blockchains require several additional blocks to make the transaction non-reversible, unlike Sonic, which brings this transaction finality in just over 700 milliseconds.
Cronje is considered one of the most notable figures in decentralized finance (DeFi) . Previously, Cronje was the founder of Yearn.finance and the Keep3r Network.
Andre Cronje, Sonic Labs chief technology officer. Source: Sonic Labs
Related: Arthur Hayes predicts Bitcoin rally after closing short position
Sonic could become the fastest chain by finality
Despite being in a testnet environment, which could bolster a blockchain’s performance compared to real-world environments, the Sonic chain’s finality is an impressive feat.
Cronje thinks Sonic could become the fastest blockchain network by transaction finality if it can uphold this number after the mainnet launch.
Currently, the Solana mainnet is the fastest blockchain network, with a 12.8-second transaction finality, according to Chainspect data .
Solana finality and TPS. Source: Chainspect
Despite Solana boasting 400-millisecond block production times, Solana typically requires 31 block confirmations to reach true finality, unlike the Sonic testnet’s 420-millisecond feat.
Related: El Salvador marks 3 years of Bitcoin adoption with $31M profit
90% of Sonic gas fees go to developers
Sonic could become a go-to blockchain for builders and developers.
This is mainly because 90% of the network’s generated transaction fees are paid back to blockchain developers, added Cronje.
The Fantom Foundation is also supporting Sonic’s development. In June, it announced a $120 million Fantom (FTM) token allocation to help developers migrate their projects from Fantom to the Sonic network.
The foundation announced the launch of the Sonic Foundation and the development of the Sonic chain on May 23.
Fantom’s Sonic Foundation will be tasked with overseeing Sonic’s governance, managing the network treasury, orchestrating partnerships, and developing the DApp ecosystem.
Earn Passive Income with Crypto: Top 5 Strategies Revealed. Source: YouTube
Magazine: Arthur Hayes’ ‘sub $50K’ Bitcoin call, Mt. Gox CEO’s new exchange, and more: Hodler’s Digest, Sept. 1 – 7
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Market Idles in Likely Calm Before Election Day, FOMC Storm
Tether’s USDT Sees Increased Popularity in Sanctioned Nations
Could Ethereum Follow Amazon’s Path to Dominance?
Bitcoin Could Become a Global Financial Powergouse, According to Craig Wright’s Latest Plan