FTM
by BSCN
October 24, 2023
A recent update, from the team behind the Fantom blockchain, promises to turbo-charge the performance of its network, allowing it to compete with traditional institutions.
The Fantom Foundation, the team supporting the development of the Fantom blockchain, today announced the launch of the testnet environment for Fantom Sonic (“Sonic”). Designed for speed, scale, and cost-efficiency, Fantom Sonic provides increased benefits to the network including:
Sonic puts Fantom’s transactional capabilities on par with the heavy throughput of institutional players like major credit card companies, international banks, and enterprise institutions. The reduction in operational costs, and decrease of staking requirements to 50,000 FTM, decreases the barrier to entry to operate a cost-effective validator and makes it more accessible to participate in securing the network.
The testnet environment runs until the Sonic mainnet is anticipated to deploy in the spring of 2024. Developers can bring their projects to the testnet to experience the virtual machine updates and enhanced capabilities Sonic brings to the Fantom ecosystem. Additional updates are expected to come to the testnet environment in December 2023.
Developers and users alike can check out the Sonic showcase environment at sonic.fantom.network and interact with the public testnet environment at public-sonic.fantom.network
Disclaimer
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