Sonic Blockchain Achieves Record 720ms Finality
The Sonic blockchain has reached a new milestone by achieving a transaction finality of 720 milliseconds (ms) during its testnet phase. This performance positions Sonic as a potential leader in blockchain finality.
Understanding Blockchain Finality
In blockchain technology, finality is the guarantee that a transaction is irreversible after it is added to a block on the blockchain ledger. Sonic claims to be the fastest Ethereum Virtual Machine (EVM) chain with a “true” 720ms finality, according to Andre Cronje, the creator of the Fantom Network and the chief technology officer at Sonic Labs.
Cronje shared on social media, “400ms responsiveness (perfect for synchronous events). 720ms finality (true, not probabilistic – no ‘please wait 30 blocks’).”
Sonic’s Testnet Performance
Most blockchains require several additional blocks to ensure transaction irreversibility. However, Sonic brings this transaction finality down to just over 700ms, making it much quicker. Andre Cronje is a key figure in decentralized finance (DeFi) and has founded notable projects like Yearn.finance and the Keep3r Network.
Potential of Becoming the Fastest Chain
Despite operating in a testnet environment, which generally enhances performance compared to real-world conditions, Sonic’s finality is notable. Cronje believes Sonic could become the fastest blockchain network by transaction finality if it maintains this performance post-mainnet launch.
Currently, Solana holds the record for the fastest mainnet, with a transaction finality of 12.8 seconds according to Chainspect data. Solana’s block production times are around 400 milliseconds, but it typically requires 31 block confirmations to achieve true finality. Sonic’s testnet, on the other hand, achieves true finality in just 720 milliseconds.
Incentives for Developers
Sonic aims to attract developers by offering significant incentives. Cronje pointed out that up to 90% of the network’s transaction fees are paid back to developers. The Fantom Foundation supports Sonic’s development and has allocated $120 million in Fantom (FTM) tokens to help developers migrate their projects from Fantom to Sonic.
The Sonic Foundation, launched on May 23, oversees Sonic’s governance, manages the network treasury, coordinates partnerships, and develops the decentralized application ecosystem.
In summary, Sonic blockchain’s achievement of 720ms finality in its testnet phase positions it as a frontrunner in blockchain technology. With its promise of quick transaction finality and significant incentives for developers, Sonic is poised to become a leading blockchain network.
