Sonic Labs, the company behind the Sonic blockchain network, has announced the launch of the genesis block or block zero of its new smart contract platform.
The launch of the Sonic Network genesis block marks the official start of this platform (formerly known as Fantom).
Sonic Network is a platform designed to offer a scalable and high-performance solution in the cryptocurrency ecosystem. The creation of the genesis block is a crucial step in the launch of the network, as it establishes the immutable foundation upon which all future transactions and smart contracts will be built. Sonic Network is expected to launch on mainnet soon, allowing developers, businesses, and users to leverage its capabilities in a production environment.
Sonic Network: The Smart Contract Network of the Future
Sonic Network is a smart contract platform designed to address the scalability and performance challenges that have limited the growth of other blockchains. The Sonic Network is built on the consensus technology Lachesis, which is known for its high speed and low latency. This technology allows Sonic to process thousands of transactions per second, making it one of the most efficient blockchains on the market. In addition, Sonic Network offers a modular architecture which allows developers to create and deploy smart contracts quickly and efficiently.
Sonic Network's scalability is one of its strong points, and the network is also compatible with the Ethereum Virtual Machine (EVM), making it easy to migrate existing projects and create new decentralized applications (dApps) on the platform.
Another highlight of Sonic Network is its focus on security. The network uses a set of advanced security mechanisms to ensure that validators act honestly and maintain the integrity of the network. In addition, Sonic Network has implemented a decentralized governance system that allows holders of S tokens, which will be its native token, to participate in decision-making regarding the future of the network, ensuring that the platform evolves in a transparent and democratic manner.
Progress in building Sonic Network
Sonic Labs developers have made significant progress in building the new blockchain in recent months. One of the main initiatives has been the launch of Sonic Blaze, a testnet that allows developers and users to test the network before its official launch on mainnet.
Sonic Blaze has been designed to simulate mainnet conditions, allowing for technical issues to be identified and resolved before the network is made available to the general public. The testnet has received extensive participation from the community, which has contributed to the improvement and optimization of the platform.
In terms of security, Sonic Labs has also conducted several security audits to ensure that the network is resilient to attacks and vulnerabilities. These audits have been conducted by reputable security firms, and the reports generated have been publicly shared to make the process transparent. The results of the audits have been positive, and the developers have implemented all recommendations to improve the security of the network.
A platform with Bitcoin integration
One of the most innovative aspects of Sonic Network is the integration of Bitcoin into its ecosystem through the Solv protocol. This protocol allows Bitcoin users to interact with the Sonic network without the need to convert their BTC into another cryptocurrency. The integration of Bitcoin significantly expands the reach of the Sonic network, attracting a larger and more diverse user base. Furthermore, the Solv protocol offers a secure and efficient solution to connect Bitcoin to the broader DeFi ecosystem and improve the interoperability of the main blockchain on the market, which is crucial for the development of the blockchain ecosystem in general.
In preparation for the mainnet launch, Sonic Labs developers have also announced an airdrop of approximately 200 million tokens. SThis airdrop is designed to distribute the token equitably across the community, incentivizing participation and use of the network. Recipients of the airdrop will include Sonic Blaze testnet users, FTM (Fantom’s previous token) holders, and other community members who have contributed to the development of the network.
