Originally published on: September 08, 2024
The Sonic blockchain has made history by reaching a transaction finality of just 720 milliseconds (ms) during its testnet phase. Finality in blockchain refers to the irreversible nature of a transaction once it has been added to a block on the blockchain ledger.
Billed as the world’s fastest Ethereum Virtual Machine (EVM) chain, Sonic boasts a true 720-ms finality, as confirmed by creator Andre Cronje, who is also known for his work on the Fantom Network and as the chief technology officer of Sonic Labs.
Unlike traditional blockchains that require multiple blocks to confirm a transaction, Sonic is pioneering real-time finality with its impressive 720ms completion rate after a transaction is executed.
Andre Cronje, a prominent figure in decentralized finance (DeFi), sees Sonic as a potential frontrunner in blockchain speed if it can maintain this remarkable finality number beyond the testnet phase and into the mainnet launch.
While the current titleholder for the fastest blockchain network is Solana, with a 12.8-second finality time, Sonic stands out for its swift 720ms finality even during the testnet phase, indicating promising performance in real-world scenarios.
Sonic’s commitment to supporting developers and builders is evident in its structure, with 90% of generated transaction fees being reinvested back into the ecosystem. Furthermore, the backing of the Fantom Foundation and a substantial $120 million token allocation for developers migrating to the Sonic network emphasize the community’s dedication to growth and innovation.
As the Sonic Foundation takes charge of governance, network management, partnerships, and ecosystem development, it is poised to become a key player in the blockchain space offering unparalleled speed and efficiency to users worldwide.
Experience the future of blockchain technology with Sonic’s groundbreaking achievements in transaction finality, setting the stage for a new era of fast and secure transactions in the digital age.