David Edwards
Sonic Labs is a first-layer blockchain created as a rebranding of Fantom. Sonic is a layer-1 platform that offers a secure bridge to Ethereum and delivers lightning-fast transaction settlements with over 10,000 TPS and one-second confirmation times. The platform will also be backed by a large incentive program to fuel its ecosystem.
The Sonic chain’s native token, S, will bring several exciting updates compared to the FTM token on the existing Opera chain. These include a major airdrop, easier staking, new incentive programs, and more.
Investments in the project: $91.6M
Step-by-Step Guide:
- Go to website
- Connect your wallet
- Now we need to add Sonic network. Click “Add testnet to wallet”
- Request a Test tokens. Click “Request Sonic” and “Request Coral”
- Now we need to make swaps. Swap Coral to all available tokens. Make as much swaps as you can
Costs: $0
Optional Tasks:
- Complete Galxe campaign here
- Deploy Contract -> Detailed Guide
A few words about a project:
The Sonic testnet allows you to submit transactions, deploy smart contracts, and experience Sonic’s exceptional performance firsthand. Users can head to the Sonic testnet dashboard to claim an initial allocation of S and ERC-20 tokens through our faucet, then see Sonic’s impressive speed by swapping tokens. Developers can explore the resources in this section to deploy their contracts on the testnet.
Fantom operates in a modular way, giving the network exceptional flexibility. This modularity is made possible by Lachesis, Fantom’s core consensus layer. Lachesis is designed to be completely decoupled, so it can easily integrate with any distributed ledger.
Lachesis uses an aBFT (asynchronous Byzantine Fault Tolerance) consensus mechanism, which is considered one of the most robust consensus algorithms. It can scale across many globally distributed nodes in a permissionless and open environment, ensuring high decentralization.
Lachesis is highly efficient due to its asynchronous, leaderless nature and its ability to provide finality while maintaining Byzantine Fault Tolerance. This means transactions can be processed at different times, no single participant has more control than others, and confirmations are achieved in 1-2 seconds. The Byzantine Fault Tolerance feature ensures the system can handle up to a third of faulty or malicious nodes. Validators are required to stake at least 1,000,000 FTM to participate.
Another advantage of Lachesis is its compatibility with applications written in any programming language. This allows developers to easily deploy their Ethereum-based dApps on Fantom’s Opera mainnet, benefiting from improved performance and reduced costs.
The Fantom Opera Mainnet is a fast, secure platform for building decentralized applications. It’s fully open-source, permissionless, and powered by the aBFT consensus algorithm. The Opera mainnet is compatible with the Ethereum Virtual Machine (EVM) and supports smart contracts through Solidity, making it easy for Ethereum-based dApps like Curve (a liquidity pool) and yearn.finance (a lending and trading platform) to operate on Fantom.
