Sonic blockchain, developed by Sonic Labs (formerly Fantom), stands out for its high speed and developer support.
Key Features of the Sonic Blockchain
Sonic’s Proof-of-Stake consensus mechanism processes up to 10,000 transactions per second with confirmation in under a second. This speed is beneficial for trading digital assets, running games, processing payments, and supporting numerous applications. Through its Gateway bridge, Sonic integrates with Ethereum, allowing seamless token movement between networks.
S Token: Supply and Distribution
The initial supply of S tokens was 3.175 billion, with about 2.88 billion in circulation at launch. Six percent of the initial supply will be airdropped to active users within nine months post-launch. Sonic also employs a mechanism to create new tokens for network growth, avoiding unnecessary inflation with a 'burning' mechanism.
Supporting Developers Beyond Fee Sharing
Sonic offers unique economic incentives to developers through its Fee Monetization system and the Sonic Gems program, encouraging the creation of new applications. Developers earn S tokens based on user engagement with their applications, allowing them to focus on building useful products.
Sonic blockchain aims to accelerate mainstream adoption of Web3 technologies through high transaction speeds and economic incentives for developers, creating a sustainable ecosystem for application development.
