Fantom CEO says Sonic is a next generation blockchain with capacity fo process 2,000 TPS
Michael Kong, CEO of Fantom Foundation, has announced the launch of Sonic, a state-of-the-art blockchain technology designed for scalability and security. This new technology is set to revolutionize blockchain with its capacity to process 2,000 transactions per second and introduce a shared sequencer for L1 and L2 chains.
Is this a new era for blockchain transactions and will it enhance DeFi on Fantom?
The foundation has lost $112M that it seeks to recover through legal avenues