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The Fantom Foundation has announced the launch of testnets for its upcoming revamped tech stack, Sonic, on the 24th of October. 

The team at Fantom has stated it estimates around 6700% throughput gain, claiming Sonic’s throughput would compete with major banks and credit card companies. 

Fantom Announces Testnets 

The Fantom Foundation announced the news in a blog post, in which it estimated that Sonic would be able to support 2048 transactions per second (TPS). It would also have an average finality of 1.1 seconds. The Sonic upgrade also aims to achieve a 90% reduction in database storage, along with lowered collateral requirements of 50,000 FTM tokens for stakers. Additionally, the upgrade will launch a new virtual machine. 

“We are thrilled to announce Fantom Sonic, the latest breakthrough upgrade to Fantom that will scale the network to new heights. With a brand-new virtual machine, improved database storage, and optimized consensus, Sonic is anticipated to achieve 2,000+ transactions per second (TPS) at an average finality of one second while consuming a fraction of the storage used by its predecessor, Opera. The upgrade is the latest step in Fantom’s mission to improve its underlying platform without resorting to sharding or additional layers.”

The blog post further added, 

“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 upgraded Fantom Virtual Machine remains fully compatible with the Ethereum Virtual Machine and its associated programming languages. Fantom plans to deploy the Sonic mainnet sometime during Q2 2024. 

Separate Testnets 

Fantom announced that it is deploying two testnets for Sonic: a public testnet and a closed testnet. The closed testnet will showcase Sonic’s maximum capabilities, while the public testnet is open for any user to test and explore. 

“The Fantom Sonic testnet environment consists of two separate testnets to demonstrate the upgrade before its mainnet release. The closed testnet

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Author: Amara Khatri

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