Why did Fantom reinvent himself as Sonic?
Fantom was certainly one of the pioneers of the DAG design (criected acyclic graph) for distributed ledgers. It contained fast final and transaction fees of a fraction of a cent. However, Fantom was based on the account storage model derived from Ethereum and the EVM, which led to bloated memory and slow execution times.
In order to tackle these bottlenecks and implement quite a few other updates, the team behind Fantom Sonic, a very independent latest blockchain network, has introduced. A brand new report by HTX is investigating the technological background of Sonic, its latest tokenomics model and the innovations that Defi has.
Download a full version of the report at no cost
Sonics technical architecture
Sonic runs on the proprietary SonicVM execution engine, the EVM -by -code dynamically translated right into a faster internal format for a faster version. It also optimizes severe calculations to stop repeated work and predict the contract code to store valid jump destinations. The SONICVM is totally compatible with the EVM, which suggests that Fantom Smart Contracts could be seamlessly executed on the brand new blockchain.
To fix the issue of knowledge storage and slow node synchronization, Sonic uses a brand new database design called Sonicdb. SonicDB separates the blockchain status into two databases. It uses the livebb to get quick access to the present state and the present state and execution, and the ArchivedB to store complete historical data. This separation enables consensus nodes to scale back data storage requirements by as much as 90% and thus significantly reduce the hardware requirements and the synchronization time.
For a more comprehensive explanation of Sonic's technical elements, download the complete report here freed from charge.
Introduction of the S token
The Sonic Minnet is powered by a brand new native token. S. Owner of FTM can convert their tokens using the official portal to a ratio of 1: 1 in S. It doesn’t remain inflationary in the primary six months after the Mainset start in December 2024. Then 6% of the initial offer are shaped to reward the early users of the blockchain. The full report offers an in depth coverage of several capital-efficient Airdrop agricultural strategies with different risk profiles.
Sonic Rewards Developers also concerning the mechanism for gas fee monealization (FEEM). Up to 90% of the transaction fees in participating applications shall be forwarded to developers, while the remaining is forwarded to validators.
To change into a brand new hub for defi
Andre Cronje, certainly one of the founders of Fantom and the Mastermind behind the Segn.Finance protocol, leads the Defi innovation to Sonic. Cronje unveiled Flying Tulip, a brand new Defi platform that mixes trade, liquidity pools and credit functions. In the report, some innovations are discussed that brings Flying Tulip into the Sonic Blockchain.
Flying Tulip relies on the identical concept because the dynamic binding curve of Curve V2. An amm with a dynamic binding curve adapts your curvature based on how close the pool price is at an external price that’s observed by an oracle. In addition, it routinely focuses on the present price, simplifies liquidity management and improving capital efficiency. In addition to other improvements with a brand new, dynamic loan-to-value model, Flying Tulip introduces even faster equilibrium curve up-up updates and narrower areas. To learn more about Flying Tulip and its benefits, read the complete Sonic report from HTX:
Download a full version of the report at no cost
This article doesn’t contain investment advice or recommendations. Every investment and trade movement is the danger, and readers should perform their very own research results in the event that they make a choice. This article serves general information purposes and shouldn’t be thought to be legal or investment advice. The views, thoughts and opinions which can be expressed listed below are solely that of the writer and don’t necessarily reflect the views and opinions of cointelegraph or don’t necessarily represent them. CoinTelegraph doesn’t support the content of this text or a product mentioned here. Readers should perform their very own research before taking measures related to a product or company mentioned and transferring full responsibility for his or her decisions.
