Original title: Sonic blockchain reaches record 720ms finality in testnet phase
Original author: Zoltan Vardai
Original source: https://cointelegraph.com
Translated by: Mars Finance, Eason
Sonic is expected to be the fastest blockchain, provided it maintains its current performance on mainnet. The Sonic blockchain achieved 720 milliseconds (ms) transaction finality on testnet.
In blockchain, finality refers to the guarantee of irreversibility of transactions, which is when they are added to the blockchain ledger.
Sonic claims to be the world’s fastest Ethereum Virtual Machine (EVM) chain, with “true” 720 millisecond finality, according to Andre Cronje, creator of the Fantom Network and CTO of Sonic Labs.
Cronje wrote in a post on September 8:
“400ms response time (great for synchronous events). 720ms finality (real, not probabilistic — no ‘please wait 30 blocks’).”
Sonic testnet finality data. Source: Andre Cronje
After executing a transaction, most blockchains require additional multiple block confirmations to make the transaction irreversible, while Sonic reduces this finality to around 700 milliseconds.
Cronje is considered one of the most prominent figures in the decentralized finance (DeFi) space. Previously, Cronje founded Yearn.finance and Keep3r Network.
Andre Cronje, CTO of Sonic Labs. Source: Sonic Labs
Sonic is expected to be the fastest blockchain
Despite being in a testnet environment, which may be more conducive to blockchain performance than a live environment, the finality of the Sonic Chain is still impressive.
Cronje believes that if Sonic can maintain this data after the mainnet is launched, it has the potential to become the blockchain network with the fastest finality.
According to Chainspect, Solana Mainnet is currently the fastest blockchain network with 12.8-second transaction finality.
Solana’s finality and TPS. Source: Chainspect
Although Solana has a 400 millisecond block production time, it usually takes 31 block confirmations to reach true finality, while the Sonic testnet only takes 420 milliseconds.
Up to 90% of Sonic gas fees go to developers
Sonic is poised to become the blockchain of choice for builders and developers.
Cronje added that this is mainly because 90% of the transaction fees generated by the network are returned to blockchain developers.
The Fantom Foundation also supports the development of Sonic. In June, it announced the allocation of $120 million in Fantom tokens to help developers migrate their projects from Fantom to the Sonic network.
The foundation announced the establishment of the Sonic Foundation and the development of the Sonic Chain on May 23.
Fantom’s Sonic Foundation will be responsible for overseeing Sonic’s governance, managing the network treasury, coordinating partnerships, and developing an ecosystem of decentralized applications.
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