Sonic, previously known as Fantom (FTM), is a Layer-1 blockchain designed to overcome challenges faced by decentralized technology, such as high transaction fees, slow speeds, and limited scalability. It aims to offer a high-performance platform primarily for developers and users, ensuring fast transactions, low costs, and integration capabilities with Ethereum.
Sonic operates using a Directed Acyclic Graph (DAG) structure paired with an Asynchronous Byzantine Fault Tolerance (ABFT) consensus mechanism. This setup allows validators to confirm transactions asynchronously, significantly boosting transaction speed and throughput. The network supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM), facilitating easy migration of projects and creation of new dApps.
Sonic has diverse use cases including:
Sonic's history traces back to Fantom's origins in 2018 in South Korea. After overcoming early challenges such as plagiarism issues, the project was revived with the help of industry leaders like Andre Cronje. Sonic Labs, founded by Michael Kong, launched the Sonic mainnet in December 2024, transitioning from Fantom with an enhanced focus on performance and scalability. It has since grown significantly, establishing a strong presence within the blockchain landscape.