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Sonic Blockchain Sets Record with 720ms Finality During Testnet Phase

 

The Sonic blockchain has achieved a transaction finality of 720 milliseconds (ms) during its testnet phase, potentially positioning itself as the fastest blockchain network in terms of finality.

Record-Breaking Finality

Transaction finality refers to the point at which a transaction is considered irreversible after being added to the blockchain ledger. Sonic has demonstrated a “true” 720-ms finality, surpassing most blockchains that typically require multiple block confirmations for irreversible transactions.

Technical Insights and Industry Impact

Andre Cronje, the CTO of Sonic Labs and creator of the Fantom Network, highlighted Sonic's impressive 400ms responsiveness and 720ms finality, distinguishing it from other blockchains. If Sonic maintains this performance after its mainnet launch, it could surpass Solana, currently known for its 12.8-second finality.

Developer Incentives and Future Prospects

Sonic aims to attract developers by allocating 90% of the network’s gas fees back to them. The Fantom Foundation has also pledged significant support, including a $120 million allocation to assist developers transitioning from Fantom to Sonic.

Foundation and Governance

The Sonic Foundation, established in May, will oversee governance, manage the network treasury, and support ecosystem development, with a focus on building decentralized applications.