Fantom Introduces Sonic Foundation for Sonic Chain Launch

Fantom’s Sonic Chain: A New Era for DeFi

The team at Fantom Foundation, responsible for the Fantom decentralised network, has revealed the establishment of a fresh foundation to support the forthcoming launch of their latest initiative, the Sonic chain.

On the 23rd of May, Fantom Foundation CEO Michael Kong shared the news of this new foundation via the blockchain network’s blog. Kong expressed:

“Our team is steadfast in exploring how the Sonic chain can impact and elevate a number of different DeFi and real-world use cases. Industries and applications such as real-world assets, perpetual DEXs, payments, trading, and high-transaction-based games, can be transformed by the speed and high throughput of Sonic.”

The responsibility of overseeing Sonic’s governance, managing the network treasury, fostering partnerships, and cultivating the DApp ecosystem will fall under the purview of Fantom’s Sonic Foundation.

As per Kong and the Fantom development team, Sonic will comprise a novel layer-1 solution and an integrated layer 2, seamlessly connecting the EVM-compatible network to the Ethereum network.

Utilising the architecture of the Sonic Chain, users of the forthcoming Sonic network are said to gain access to Ethereum’s extensive array of decentralised applications, liquidity providers, and community resources.

How Fantom’s Consensus Model Powers High-Speed Transactions

Introduced in 2019, Fantom presents a distinctive consensus model named Lachesis, which diverges from conventional blockchain networks by employing directed acyclic graphs and asynchronous Byzantine fault tolerance (aBFT).

Validators within the Fantom network operate differently from those in Bitcoin or Ethereum. Instead of focusing on the latest block, they independently validate transactions and blocks, termed “event blocks.” These event blocks are then disseminated to other nodes in a non-linear manner, achieving consensus without relying on sequential ordering and validation.

Once a majority of nodes agree on an event block’s contents, it becomes a root event block on Fantom’s main chain—a genuine blockchain. The consensus mechanism, facilitated by a directed acyclic graph, enables constant asynchronous communication among validator nodes.

According to the Fantom Foundation, this asynchronous messaging enables Fantom to achieve block finality in just 1-2 seconds.

Conclusion:

The launch of Fantom’s Sonic Chain marks a significant milestone in the evolution of decentralised finance and blockchain innovation. With its high-speed consensus mechanism and seamless integration with Ethereum, Sonic opens new doors for DeFi, payments, trading, and high-performance applications.

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