Soneium, an innovative L2 blockchain network developed by Sony Block Solutions, has announced a significant reduction in transaction finality time, greatly enhancing blockchain scalability.
Reduction in Finality Time
Soneium has cut transaction finality time by over 98%, achieving a result of under 10 seconds. Previously, finalizing transactions took about 15 minutes. This achievement was made possible through the Optimism's OP Stack technology.
New Infrastructure and Partnerships
The collaboration between Astar, AltLayer, and EigenLayer will lead to the creation of a "Fast Finality Layer" for Soneium. The new infrastructure will provide crypto-economic security via a decentralized network of validators, reducing reliance on centralized systems.
Implications for Businesses and Users
The reduction in finality time is a significant step towards enhancing user experience in decentralized finance (DeFi). It allows developers to create interactive applications without concerns about delays, enabling more secure crosschain interactions.
Reducing transaction finality time is a key factor in expanding the capabilities of decentralized technologies and their mainstream adoption. Addressing finality issues in blockchain will help make these technologies more accessible and efficient.
