The old -fashioned public chain Fantom has recently returned.

Last October, the Fantom Foundation announced the SONIC upgrade plan and declared that the plan introduced a number of technological innovation, which can greatly improve the performance and expansion capabilities of the FANTOM network.

On August 2 this year, the official team officially announced that Fantom was renamed Sonic Labs, and it was planned to obtain support by introducing large -scale incentive plans.Sonic will useSkeraEssenceThis New Type will enter the ecosystem through large -scale airdrops, simplified pledge, and incentive plans.Although the transition from Fantom to Sonic Labs has been completed, Sonic’s launch will wait until the fourth quarter.

In addition, the Sonic Labs team on August 14 also announced on X that Andre Cronje, director of Sonic Labs, has officially become his new chief technical officer (CTO).Andre will continue to lead Sonic network design and development, focusing on creating “Sonic Gateway”New native bridge technologyThe technology will greatly improve the security and convenience of transferring assets from other chains (such as Ethereum to Sonic).

So, what happened from Fantom to Sonic Labs?

To talk about changes in detail, you must start with Fantom history.

Fantom history

Fantom is a L1 blockchain that was founded by computer scientist Ahn Byung. The original goal was to overcome the scalability, security and decentralization of traditional blockchain through innovative blockchain technology.

Fantom’s technical basis is based on the high -end asynchronous Byzantine compatrion (ABFT) consensus mechanism Lachesis, which has a DAG, which allows different blockchain to exist without slowing the speed of the main network.This innovation makes Fantom have a significant advantage in terms of processing speed and cost.

In 2019, Fantom launched the OPERA main network compatible with the Ethereum virtual machine (EVM).By supporting Solidity and EVM, Fantom can seamlessly support DAPP based on Ethereum, so that developers can easily migrate their applications.This feature has made Fantom have received widespread attention in the market, and even once called “Ethereum Killer”.

During the period from 2020 to 2021, with the rapid development of the DEFI track, Fantom became one of the popular projects of the Defi track with its efficient transaction processing capabilities and low costs.Andre Cronje, the leader of the Defi field, also added the Fantom Foundation during this period, promoting the development of Fantom in the DEFI ecosystem.He launched a star project such as Yearn Finance and introduced a large number of developers and users to Fantom, making Fantom’s total lock volume (TVL) peak of $ 8 billion during the bull market in 2021.

In 2022, because Andre Cronje announced the temporary withdrawal from the DEFI industry, the market’s confidence in FANTOM declined significantly, and the price of FTM token fell from the peak of $ 30 to $ 0.19.

In addition to DEFI’s challenges, with the new generation of Layer-1 blockchain (such as Solana, Avalanche, etc.), higher standards are proposed in terms of performance and scalability.Speed and other aspects are also as thin as ice.

Therefore, in order to continue to attract developers and users, Fantom needs a more efficient and scalability technical foundation.This not only requires improvement of existing technology, but also needs to provide sufficient flexibility for future expansion, and the Sonic upgrade plan is proposed in this context.

Simply put, Sonic Chain will be reasonable in this upgradeL1 Sonic NetworkHe can be fully connected to EthereumNative L2composition.From the perspective of Ethereum, Fantom is like a L2, but it has the speed and safety of L1.SONIC will be a mixed L1 and L2 EVM network because it is completely integrated into Ethereum.Among them, two core components are involved:FantomVirtual machine, Carmen data storage scheme and optimization.

The core of SONIC upgrade

FantomVirtual machine(FVM)

Fantom virtual machine (FVM) is one of the key components in Sonic upgrades this time, which is a major improvement of existing Ethereum virtual machine (EVM).FVM aims to solve the performance bottleneck of EVM, and provide developers and users with a more efficient smart contract execution environment.

FVM and EVM are completely compatible, which means that all existing EVM -based smart contracts can be seamlessly migrated to the Fantom network without any modification of the code.For developers, this compatibility has reduced the cost of migration, reduced development work, while retaining the extensive support of the EVM ecosystem.

The FVM’s engine architecture has been fully optimized to support the more efficient execution environment than EVM.The specific performance improvement is reflected in the following aspects:

FasterSmart contractExecution speed: The throughput and speed of FVM when processing smart contracts greatly exceed the EVM, making the execution time of complex contracts significantly shortened.
Lower transaction delay: FVM can deal with transactions faster and generate blocks, reduce the waiting time of users during transaction, and improve the overall user experience.
Higher resource utilization rate: By optimizing the use of computing and storage resources, FVM reduces the resources required for the execution of smart contracts, making the operation of the entire network more efficient and economical.

For developers, FVM claims that it is not only better than EVM in terms of performance, but also provides developers with more complete debugging tools, making the development and testing process of smart contracts smoother and efficient.Although FVM still supports mainstream smart contract programming languages such as Solidity, it has also expanded support for other programming languages, which provides developers with more choices and can be developed in the most suitable language and framework.FVM has a variety of optimization strategies, allowing developers to control the execution of smart contracts more finely and further improve the performance and security of the contract.

FVM is also equipped with an automated security inspection mechanism, which can detect potential loopholes or risks before the execution of smart contracts to help developers find and repair problems in advance.Its built -in sandbox environment can ensure that the execution of smart contracts does not affect other parts of the network, thereby improving the stability and security of the entire network.

Carmen data storage solution

Carmen data storage solution is another key component in the Fantom Sonic upgrade, which mainly solves the challenge of the blockchain network in terms of data storage.

With the expansion of the blockchain network, the sharp increase in storage demand has brought a huge burden on the operation of nodes.By introducing innovative data storage structures, Carmen can reduce the demand for data storage and improve the efficiency and scalability of the network.

Specifically, Carmen can dynamically manage the storage and deletion of data according to the actual requirements of the network, and reduce the storage requirements of verification nodes from the original 2000 GB to 300 GB.This optimization reduces the operating cost of nodes, enables more nodes to participate in network verification, thereby enhancing the decentralization and security of the network.For example, some historical data that no longer need to access can be compressed or transferred, thereby reducing the pressure of real -time storage.

In addition, Carmen can also reduce the storage requirements of archiving nodes from 11 TB to less than 1 TB.This significant reduction has greatly reduced the cost of storage of historical data, increasing the operability and economy of archiving nodes.

In terms of data access and processing, Carmen introducedIntelligent storage strategyYou can automatically adjust the storage method according to the importance of data and access frequency.This strategy not only improves storage efficiency, but also ensures the security and accessibility of key data.Carmen’s data storage structure is optimized to facilitate data retrieval and improve overall efficiency.This is particularly important for application scenarios (such as decentralized finance (DEFI)) that requires frequent access to specific data.

In addition, it is worth mentioning that Carmen can also supportparallelProcess data request, Enable the network to maintain efficient response speed under high negative load conditions.This is an important feature for a blockchain network with higher scalability.

$ S agent

SONIC tokens (S) are the new token introduced by Fantom in its SONIC upgrade, which will replace the existing FTM token and promote the development of the Sonic network ecosystem.

The initial supply of Sonic tokens was 3.175 billion, which was the same as the total supply of FTM tokens.

At the start of the Sonic network, Fantom provided a transition mechanism from the 1: 1 FTM tokens to the Sonic token.Existing FTM holders can choose to convert its FTM token to Sonic token, so as to seamlessly transition to the new network.Moreover, six months after the Sonic main network was launched, additional 6%of Sonic tokens will be issued to users and developers who reward Opera and Sonic.

After six months of launching the main network, the Sonic token (approximately 47.625 million) of Sonic tokens (about 47.625 million) is issued each year for network growth, team expansion and marketing promotion.Unused tokens will be destroyed to prevent inflation.

According to its official news, Sonic’s target annual yield (APR) has been set at 3.5%.In order to maintain this rate of return within the first four years without triggering inflation, the team will re -assign the remaining FTM block rewards of Opera to SONIC for verifications and pledges. These rewards have been included in 3.175 billion $ S generationIn the initial supply of coins.

In simple terms, Sonic tokens are not only the core assets of Sonic network, but also play a key role in motivating ecosystem participants and supporting decentralized applications (DAPPS) development and maintaining network security.

Its specific function is as follows:

Payment of online transaction fees

SONIC tokens can be used to pay trading fees on SONIC networks.Whenever the user trades or executes smart contracts on the Internet, it is necessary to pay a certain number of Sonic token as a handling fee.These expenses will help maintain the operation and security of the network, while motivating nodes to participate in verification.

Cyber Security and Consensus Mechanism

Sonic tokens will play an important role in the consensus mechanism of the network.Users holding Sonic tokens can pledge their tokens to support network verification and participate in the consensus process.The node of the pledged token will have the right to verify the transaction and get the corresponding rewards. This process helps maintain the decentralization and security of the network.

Liquidity mining

Users can obtain Sonic tokens rewards by providing liquidity, which will help increase the liquidity of the network and attract more users and projects.

Run the verification node

To run verification nodes on the SONIC network, a minimum of 50,000 SONIC tokens need to be pledged.These nodes are responsible for verifying transactions and ensuring the security of the network.

Developer Reward

Developers can get SONIC token awards by building DAPPS on SONIC network and attract users.This mechanism will inspire more developers to participate in the Sonic ecosystem.

Community participation rewards

Community members can also get Sonic token awards by participating in network governance, promotion and use of SONIC networks.This helps enhance the community’s participation and activity.

In addition to the upgrading of various mechanisms and tokens, Fantom Foundation also established an incubator called Sonic Labs last year, intending to invest huge resources and technologies to support developers to build new projects in their ecosystems.

According to the award -winning project announced by Sonic Labs, this incubator is also small and effective.As of now, there are 351 applications in its ecosystem, covering innovation in many fields, including perpetual DEX (decentralized exchanges), social agreement, P2P lending platform, green technology startup, and RPG chain tour.

According to reliable news, the team behind it has more than 450 million FTMs; more than 100 million US dollars of stablecoins; more than 100 million US dollars of crypto assets and non -encrypted assets of $ 50 million, with the current salary consumption rate of $ 7,000,000/year,, The project can operate stably for 30 years

All in all, although the main network has not yet been launched, as the market pays more and more attention to Layer 2 to solve the scalability of the blockchain, this time SONIC has upgraded the scalability and security blockchain technology. The transaction processing speed has reached 2000 TPS of 2000 TPSProgress and realize the performance of Asian seconds, and its future development still has certain potential.Let’s wait and see to witness the further breakthrough and growth of Sonic in the blockchain field.