30s Summary

Sonic has launched its mainnet, offering a layer-1, Ethereum Virtual Machine-compatible blockchain to solve complexities and security issues for users and developers of decentralized apps (DApps). The tech firm introduced the Fee Monetization program to give up to 90% of network fees to developers, a fully decentralized bridge connecting Ethereum and Sonic, and the capacity to handle more than 10,000 transactions per second. Sonic’s token, S, is exchangeable with FTM 1:1, facilitating governance, validator operations, and transactions.

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Sonic, a tech company with a knack for fixing industry-wide snags, has officially rolled out its mainnet. In the present age, blockchain is typically a tough nut to crack for developers and users alike. People creating decentralized apps, or DApps, often find it hard to properly profit from their innovations, and tend to pass on the cost to users, potentially putting them off.

Security is another major concern – we often see bridges overseen by central bodies, which makes them easy targets for hackers. Plus, transactions are generally spread out across different blockchain ecosystems, causing delays and complexities. This calls for a new way.

Sonic has stepped up to the plate with an Ethereum Virtual Machine (EVM)-compatible layer-1 blockchain, designed to do away with these issues. The launch of its mainnet signals a fresh chapter where both builders and users can flourish.

Sonic has come up with the idea of a Fee Monetization program, which gives developers a better deal. In contrast to traditional models that favor validators at the expense of developers, this program funnels up to 90% of network fees straight to developers, providing a fairer eco-system.

Sonic has also created a fully decentralized bridge known as the Sonic Gateway, which connects Ethereum and Sonic securely. This means the chances of system crashes are less possible, and if the network was to go down for up to two weeks, users would still be able to recover their money.

And what’s more, Sonic’s chain is built for speed, capable of handling over 10,000 transactions a second, which is much faster than your average blockchain.

Sources: Sonic

This system allows a range of DApps, such as quick trading platforms, real-time games, and financial tools that work super quickly. For users, this creates a smoother interaction with decentralized systems, making it feel like using regular apps.

With the mainnet in action, developers can implement their DApps without a hitch, backed by EVM compatibility and support for Solidity/Vyper. The ecosystem has a user-friendly portal, MySonic, which allows users to engage with the chain, try out DApps, stake tokens and take part in governance.

Sonic’s native token, S, is core to the ecosystem, powering governance, validator operations, and all sorts of transactions. This token is interchangeable with FTM on a 1:1 basis.

With the launch of the new mainnet, developers can deliver a superior user experience whilst making it simpler for users to use DeFi (decentralised finance).

As always, be sure to do your own research before diving in.

Learn more about Sonic at their website.