Summary
TLDR: Fantom is launching Sonic, a platform that can process 2,000 transactions per second with sub-second finality, a major upgrade from its current capabilities. This aims to address congestion issues on the Opera network and improve transaction speed and infrastructure for both Layer 1 and Layer 2 chains. The strategy also includes governance proposals for bridging and security enhancements, as well as support for developers through the Sonic Labs grant program.
Key Points
1. Fantom is set to introduce Sonic, a platform designed to elevate transaction processing capabilities to 2,000 transactions per second (TPS) with sub-second finality.
2. Sonic aims to address the limitations of the current Opera network, which achieves a maximum of 200 TPS, by offering increased transaction speed and improving Fantom’s infrastructure for both Layer 1 and Layer 2 chains.
3. Fantom’s strategy includes governance proposals focusing on bridging and security enhancements, with an emphasis on a trust-minimized bridge with Ethereum, decentralizing and securing transactions while minimizing fees and finality times.