• Fantom has announced the testnet launch of its next major upgrade.
• FTM has surged by double digits in the last week.

In a recent blog post, the developer team behind the leading Layer 1 (L1) blockchain network Fantom [FTM] announced the launch of Fantom Sonic.

Today, #Fantom is thrilled to announce the launch of the #FantomSonic testnet environment!

Sonic’s three main upgrades include:

• Fantom Virtual Machine, which offers drastically faster smart contract execution compared to the old EVM.

• Carmen database storage, which uses a… pic.twitter.com/shovQtzMkd

— Fantom Foundation (@FantomFDN) October 24, 2023

According to the announcement, Fantom Sonic represents a major upgrade to the Fantom blockchain. It is an umbrella name for the network’s new technology stack, which is designed to replace Fantom Opera. 

Fantom Opera was launched in 2019 as the first additional layer within Fantom. It is an EVM-compatible smart contract platform and a Proof-of-Stake (PoS) network where validators use Lachesis to validate transactions and produce new blocks.

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Author: Abiodun Oladokun

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