Sonic is a Layer-1 blockchain developed from Fantom, focusing on speed, incentives, and strong infrastructure. Launched on August 1, 2024, it brings a new network architecture, revamped tokenomics model, and many incentives for developers.
MAIN ADVANTAGES:
1. High performance:
- Processing 10,000 transactions/second
- Transaction completion time under 1 second
- Node operating costs reduced by 66%
- Node synchronization 10 times faster
2. Technical features:
- Fully compatible with EVM
- Uses Proof-of-Stake consensus mechanism
- Flexible DAG (Directed Acyclic Graph) structure
- Efficient data storage system with live pruning mechanism
3. Smart tokenomics:
- Token S with an initial total supply of 3.175 billion
- Deflationary mechanism through token burning
- Fee Monetization program returns 90% of fees to developers
- Points and Gems system incentivizing users and developers
CHALLENGES:
- Competition from Ethereum's Layer-2 solutions
- Low number of validators (41 nodes)
- Limited migration of DApps from Fantom
- Need to build a stronger application ecosystem
Overall, Sonic is a promising blockchain with many technical improvements and smart incentive mechanisms. However, future success will depend on its ability to attract a developer community and users in a fiercely competitive market.