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    Home»Markets»Sonic Now ‘Golden Customary’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje – The Day by day Hodl
    Sonic Now ‘Golden Customary’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje – The Day by day Hodl
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    Sonic Now ‘Golden Customary’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje – The Day by day Hodl

    By Crypto EditorJanuary 30, 2025No Comments2 Mins Read
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    The newly rebranded layer-1 blockchain Sonic (S) is being referred to as the “golden commonplace” of layer-2s (L2s) by Andre Cronje, the mission’s co-founder.

    Cronje claims on the social media platform X that Sonic, previously referred to as Fantom, is the “solely precise decentralized stage 3 L2.”

    “No payment extraction, all submits 100% to ETH, no ‘centralized worth extraction’. Decentralized sequencing. Decentralized bridges.

    Whereas the remainder of the L2s proceed to pretend faux to ‘decentralize’ (why would they once they get hundreds of thousands of charges per yr?), we already did it.

    Scaled transactions per second to 16,000+ on the L1. Decreased storage by 98% even on archival nodes. Scaled L1 and jumped to the ‘golden commonplace’ of L2. Not even mentioning FeeM, FeeSub, and Dynamic Charges.”

    A South Korean pc scientist launched Fantom (FTM) in 2018. The mission aimed to function a software to combination sensible contracts into decentralized purposes (dApps).

    Final yr, the event crew behind the blockchain introduced a rebrand to Sonic as a approach to enhance transaction effectivity.

    Buyers can commerce of their FTM tokens at a 1:1 charge for S tokens, which can have a number of capabilities inside the Sonic ecosystem.

    S is buying and selling at $0.453 at time of writing. The Eighty fifth-ranked crypto asset by market cap is down almost 8.5% prior to now 24 hours.

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    Sonic Now ‘Golden Customary’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje – The Day by day Hodl

    Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in internet online affiliate marketing.





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