Fantom Foundation
It unveiled its blueprint for Sonic Network, a fresh Layer 1 blockchain set to link with Ethereum through a native cross-chain bridge. In this upgrade, FTM token holders can migrate to Sonic's native token S at a 1:1 ratio during its genesis, subject to governance voting results.
Sonic promises enhanced performance compared to the current Opera network, courtesy of its advanced bridging architecture. While Fantom will continue to support Opera validators, it plans to allocate substantial funds from its treasury to bolster the Sonic ecosystem's development, covering areas such as marketing, business expansion, and migration subsidies.
Governance voting will be pivotal in shaping Sonic's future, marking it as the next iteration of the Fantom network, akin to Fantom 2.0. This overhaul introduces a new client, validator end, virtual machine (FVM), Carmen database, and optimized Lachesis consensus mechanism under Fantom Opera, significantly enhancing the original Fantom's execution efficiency.
