CryptoAdrenAline 💥

Enjoying the Crypto journey | $FTM | $S | $KAS | $ANYONE | $TET | $NETX

[CryptoAdrenAline 💥 @AdrenCrypto]

@amonyx @grok 3436

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@NVIDIAGeForce @Ultra_io GeForce Summer

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@UpperEchelonWW @grok Letsgo 🔥

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@virtualbacon No brainer $S @SonicLabs

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@travladd Letsgoo

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@_lfausto $S

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@NVIDIAGeForce #GeForceRTX50

[Sonic @SonicLabs]

Sonic is live.

🔗 https://t.co/X1QgX0kfQk

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@SheikOmarJr DONE

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@Sonicinsiders $CEKKE 👀

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@DagKnightDog LFG @memdotai @pikaso_me

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@plusdotbet 50 BPS 🤝

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@plusdotbet SONIC SGOAT

[Cointelegraph @Cointelegraph]

Sonic chain achieved a transaction finality of 720ms, marking a significant milestone in blockchain development.

[CryptoAdrenAline 💥 @AdrenCrypto]

@plusdotbet $0.5907

[Sonic @SonicLabs]

Michael Kong Unveils Sonic’s Launch and Beyond

TL;DR
Sonic will be used to create a new best-in-class shared (decentralized) sequencer for L1 and L2 chains, capable of 180M daily transactions at sub-second finality, and serve as the foundation to relaunch Fantom as an entirely new community-centric brand.

On December 27, 2019, the first version of the current Opera network was released based on concepts that Andre Cronje had carefully studied, including Concurrent Common Knowledge (CCK), Lamport Timestamps, and others. It was an amazing achievement by Andre and the technical team — the first permissionless DAG-based protocol that significantly improved scalability and time to finality. Opera achieved a maximum TPS approaching 200 and time to finality of sub 600ms, far more than Ethereum’s 12 TPS and >60-second finality at the time.

The Opera network grew from zero users to become one of the most widely recognized and utilized networks, with over $10 billion in TVL in 2022. There were growing pains, however. At times of enormous demand, the network became congested and the user experience deteriorated.

In response, the Fantom team has been hard at work for the past two years building our new Sonic technology, the most scalable and secure blockchain technology ever. Sonic’s ability to process 2,000 TPS at sub-second finality represents a huge evolution from Opera’s 200 TPS, and the team is very proud of the product.

With Sonic’s tremendous technical capability, it is time for us to further evolve and innovate. ​​Sonic will be used to create a new best-in-class shared sequencer for L1 and L2 chains, capable of processing over 180 million daily transactions with real, sub-second confirmation times, and serve as the foundation to relaunch Fantom as an entirely new community-centric brand. We are working diligently through an array of details and logistics that we look forward to sharing in the coming weeks and anticipate the new chain will launch in the late summer/early fall of this year.

We plan to put forward a governance proposal suggesting the following:

• Bridging and Security: When Opera first launched, the blockchain landscape was nascent, and interoperability and canonical bridges did not exist. With the blockchain’s evolution, Sonic needs a safe, trust-minimized bridge with native Ethereum access. We developed a Sonic rollup implementation, a first-class citizen in our validator set, to fully decentralize the bridge while using our existing network security plus inheriting Ethereum’s economic security. Sonic’s consensus engine is the sequencing layer, providing fast, secure, and convenient use, while substantially minimizing fees and time to finality.

• Simplified Staking and Liquid Staking Support: We plan to simplify our staking such that APR will no longer depend on lock time but rather have a fixed 14-day unbonding period. This will unleash an over $1 billion opportunity for liquid staking tokens (LSTs), significantly increasing DeFi activity and total value locked (TVL). Several LSTs will be supported, ensuring network security is maintained.

• Grant Programs: We will continue to significantly scale and accelerate our Sonic Labs grant program for developers who build unique and valuable applications and public goods in categories including gaming, DeFi, social media, streaming, and now distributed AI.

• Rewards Campaign: There will be an extensive rewards campaign for both the current Opera network to thank existing users for their support, and for the new chain.

• Superset Introduction: When Sonic goes live, supersets will not yet be enabled; they are scheduled for a soft-fork upgrade toward the end of 2024. This will further drastically increase FVM performance.

• Parallel FVM: Chief Research Officer Professor Bernhard Scholz, an expert in virtual machines, and his team believe that adding parallelization to an upgraded Fantom Virtual Machine (FVM) may significantly boost Sonic’s performance. They will continue to explore parallelization in the next evolution of Sonic.

• ZK Execution Scaling: Andre will continue his research in off-chain execution with on-chain verification. Our initial proof of concepts have already shown some success with implementations using zk-SNARKs, but for now, verification cost is still more expensive than execution cost for simple transactions. This will be further expanded by including pre-compiles in the FVM.

• Canonical Stablecoin: For both the current Opera network and the new Sonic stack, a canonical stablecoin is an essential ingredient for the success of DeFi. We expect this to be in place in the very near future.

We look forward to sharing more details in the coming weeks — including an abundance of news around new partners, VC/angel funding, targeted industries and use cases, and audience engagement programs. We remain very excited, and with the backing and encouragement of the largest token holders, stakers, and projects on Fantom, we’re fully committed to this evolution. Stay tuned.

https://t.co/hSgHS9H3sR

[Eli5DeFi @Eli5defi]

Fantom Sonic : The New Dawn for Fantom
-------------------------------------------------

→ Your timeline may be filled with information about @FantomFDN Sonic or $FTM ticker. Fantom is making a remarkable comeback, generating excitement for its Sonic upgrade.

→ So, what exactly is Fantom Sonic?

→ And why is it considered revolutionary in terms of technological achievements?

→ If you're curious, I have some good news for you!

→ Join me as we delve into the latest QuickRecap: Fantom Sonic.

— 🟢 ONE PAGER

— 🔵 What is Fantom Sonic?
---------------------------------------

→ The Fantom Sonic (previously Fantom 2.0) is essentially the next version of the Fantom network technology stack, and it doesn't require a hard fork for the upgrade.

→ The existing smart contracts, services, and tools that are currently used on Fantom Opera should work seamlessly with the mainnet Fantom Sonic.

— 🔵Advanced Technological Stacks
---------------------------------------

→ The launch of Sonic consists of three primary components that take Fantom to new levels.

1⃣Fantom Virtual Machine (FVM)
---------------------------------------

> The FVM smoothly converts EVM bytecode into a new virtual machine format.

> It also includes super instructions, which are optimized bundles of frequently used instruction patterns, to achieve extremely fast processing.

> FVM Increases transaction throughput by a significant margin while maintaining ultra-short finality.

> Superior execution performance compared to the EVM by processing over 65x more transactions per second.

2⃣Carmen Database Storage
---------------------------------------

> The Carmen database storage uses flat storage instead of tree-like structures. This simplifies data retrieval and reduces storage requirements.

> Supports live pruning, which enables validators to remove unnecessary historical data while staying online to avoid disruptions in operations.

> Reduces storage requirements by up to 90%

> Providing greater cost efficiency for validators

> Accelerating the Foundation's ability to deploy archive nodes from weeks to approximately 36 hours.

3⃣Optimized Lachesis Consensus Mechanism
---------------------------------------

> Sonic employs the battle-tested Lachesis consensus mechanism.

> However, it has significantly enhanced the transaction pool to effectively gather user transactions.

— 🔵 Closed Testnet Performance
---------------------------------------

→ The closed testnet for Fantom Sonic demonstrated impressive performance results.

→ This testnet was designed to push the boundaries of Sonic technology to its maximum potential by simulating traffic on a publicly visible network.

→ In contrast, the builders testnet allows users and developers to directly experience Sonic or deploy dApps.

→ Below are the stats of the testnet performance:

🔺Realistic Traffic ~2,000 tps with ~1s ttf

> Mix of synthetic transactions that resemble realistic traffic, such as token transfers, token mints, and complex multi-step swaps.

🔺Token Swaps ~4,000 tps with ~1.3s ttf

> Reconfigured closed testnet to process only ERC-20 swaps, showcasing DEX capabilities with Sonic technology.

> This allowed Fantom Sonic to demonstrate testnet performance for a specific transaction type.

🔺Token Transfer ~10,000 tps with ~1.6s ttf

> Reconfigured the closed testnet to process only ERC-20 transfers.

> The performance of token transfers is essential for advanced wallets, payment providers, and other dApps that use ERC-20 tokens to represent different currencies.

— 🔵 Mainnet Launch
---------------------------------------

→ Fantom Sonic is in its testnet stage at the moment and will roll out as a mainnet to replace Fantom Opera in spring 2024.

— 🔴 Disclaimer
---------------------------------------

The information provided in this post is not intended as professional financial or tax advice, and we strongly recommend conducting your own research and consulting with a qualified advisor before making any financial or tax-related decisions.

Tagged my friend to review Fantom Sonic

> @JiraiyaReal
> @AndreCronjeTech
> @michaelfkong
> @Nick_SR5
> @juanaxyz00
> @wacy_time1
> @Deebs_DeFi
> @Flowslikeosmo
> @CryptoKoryo
> @jake_pahor
> @hooeem
> @zerokn0wledge_
> @alpha_pls
> @rektdiomedes
> @Haylesdefi
> @Hercules_Defi
> @CryptoGideon_
> @thesaint_
> @DeRonin_
> @andrewmoh
> @blocmates
> @Dynamo_Patrick
> @0xSalazar
> @2lambro
> @CryptMoose_
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> @arndxt_xo
> @crypto_linn
> @stacy_muur
> @takegreenpill
> @CryptoShiro_
> @0xFitz
> @ahboyash

[cooltimes🧊 @cooItimes]

$FTM interests me because of how many narratives there are this summer:

Sonic Mainnet in April 🛜

newUSD token in May 🛜

FTM Licensed Protocol in July 🛜

SupersetInst Testnet in August 🛜

[Tectum @tectumsocial]

Bitcoin breaks all time high!

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[Fiction Finance @fiction_finance]

Day 6 of my Xmas giveaway and I still have over $15k to give away to you guys, my awesome community 😘

Today I'm partnering up with @trycarbonio to give away $1,000 USD worth of $CSIX split between four lucky winners.

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To enter follow @trycarbonio, drop me a like and a retweet and leave a comment below telling me what the first browser you EVER used was 👇

P.S. I just wanted to say guys, I love doing these Xmas giveaways. I love my community and I really appreciate you guys following and listening to me 🥰