Why did Fantom reinvent itself as Sonic?
Fantom was one of the pioneers of the data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/what-is-a-directed-acyclic-graph-in-cryptocurrency-how-does-dag-work” rel=”null” target=”null” text=”null” title=”null”>directed acyclic graph (DAG) design for distributed ledgers. It featured fast finality and data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/fantom-ftm-ecosystem” rel=”null” target=”null” text=”null” title=”null”>transaction fees of a fraction of a cent. However, Fantom relied on the Ethereum-derived account storage model and the EVM, which led to bloated storage and slow execution times.
To address these bottlenecks and implement numerous other updates, the team behind Fantom data-ct-non-breakable=”null” href=”https://cointelegraph.com/press-releases/sonic-labs-launches-the-sonic-mainnet-evm-compatible-verifiable-10-000-tps-and-sub-second-finality” rel=”null” target=”null” text=”null” title=”null”>rolled out Sonic, a fully independent new blockchain network. A new report by HTX explores Sonic’s technological…
