The Bankless Guide to Sonic
Sonic Explained: A Beginner's Guide to Sonic (prev. Fantom)
Sonic, formerly known as Fantom, is a Layer-1 blockchain that builds on its predecessor’s legacy of speed and scalability. Set to launch in late 2024, Sonic aims to deliver rapid transaction processing, low fees, and enhanced security.
The new ecosystem will introduce a new native token, $S, marking a fresh start for the project and its community.
Launched in 2018, Fantom sought to solve the problem that had plagued blockchains since the industry's inception: scalability. It provided a high-speed, low-fee Layer-1 blockchain.
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