The newly branded layer -1 block chain SONIC (s) is called “Golden Standard” of Layer -2 (L2S) by Andre Cronje, the co -founder of the project.
Cronje claims that SONIC, formerly known as FANTOM, for social media platform XX, is “actually distributed three -stage L2.”
“There is no fee extraction, and all submit 100%to ETH, and there is no ‘central value extraction’. Distributed sequencing. Distributed legs.
While the rest of the L2 continued to pretend to be distributed (why do they do when they receive millions of dollars every year?), We have already done so.
Scaled transactions of more than 16,000+ per second in L1. Storage has been reduced by 98% in the storage node. I scaled L1 and jumped into L2’s Golden Standards. It is not mentioned by FeEem, Peesub and Dynamic Dees. ”
The Korean computer scientist started the FTM in 2018, which aimed to act as a tool for compiling smart contracts as a distributed application (DAPP).
Last year, the development team behind the blockchain announced Sonic’s brand as a way to improve transaction efficiency.
Investors can trade with FTM tokens at a 1: 1 speed of S tokens that have multiple functions in the Sonic ecosystem.
S is trading $ 0.453 at the time of writing. The 85th password asset has declined almost 8.5% over the last 24 hours.
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