Phantom's Sonic Transformation ? Why the Transformation Was Made ❓ What is S Token ?

ICRYPEX Content Creator Award Derya Dikmen tells you all the details about Phantom's Sonic transformation! ?The Phantom has not completely disappeared during the transformation process into Sonic; On the contrary, it experienced a brand and technology-focused innovation and transformation process. The core features of Phantom continue with Sonic networking at a more advanced level. In order to better understand the changes, it would be useful to first take a look at the basics of Phantom. ?Launched in 2018, Fantom stood out as a DAG-based blockchain targeting high speed, scalability and low transaction costs. DAG (Directed Acyclic Graph) technology offers an alternative structure to traditional blockchain architecture. Unlike blockchain, in DAG-based systems, nodes that verify transactions communicate with each other. This structure provides the advantage of fast and low-cost processing while increasing scalability by adding more nodes. ?Andre Cronje, an important figure in the decentralized finance (DeFi) ecosystem, made great contributions to the development of Fantom. Cronje, which started its relationship with Fantom in 2019, turned the project into a suitable platform for DeFi applications. The growth in the DeFi field, especially in 2020, strengthened Fantom's positioning in this field. However, Cronje's departure from the project in March 2022 had a significant impact on the ecosystem. ?Cronje, who returned to the project in November 2022, took a central role in the strategic development of the Fantom ecosystem. Decisions taken in the post-2023 period included issues such as improving the Lachesis algorithm, providing support for DeFi applications and strengthening the long-term financial infrastructure. Additionally, the goal of increasing Fantom's processing speed by up to 300,000 transactions per second was an important part of the development process. ?In August 2024, it was announced that Fantom was rebranding as Sonic Labs and its FTM tokens were converted to S tokens. Sonic was positioned with the strategy of creating a more modern and global brand identity. A significant part of the goals set with the return of Cronje were realized on the Sonic platform. ?The Sonic network has managed to significantly reduce transaction confirmation times while increasing transaction capacity. For example, transaction times were reduced to less than 1 second, reaching 700 milliseconds. The optimizations made in the Lachesis algorithm have a great impact on this success. Additionally, a new Layer-1 blockchain compatible with EVM was launched in December 2024. This new structure aims to support developers in growing their user base and scaling their projects by allowing them to receive up to 90% of the network revenues from their projects. ?Sonic Labs CEO Michael Kong stated that Sonic is the product of 2.5 years of intense work. Since the innovations coming with Sonic technology could not be integrated into the existing Opera network, it was decided to launch a completely new network. The total amount allocated for the Sonic airdrop was announced as approximately 232 million dollars. https://sonicscan.org/chart/address ?The number of unique addresses on the Sonic network has exceeded 750,000 as of December 10, 2024, and this number continues to increase. We will continue to closely monitor the performance of the Sonic network and S tokens in the long term. You can check out our blog post for detailed information! ?https://rehber.icrypex.com.tr/blog/sonic-donemi-fantomun-yeniden-markalasmasi/ 00:00 - 00:20 Introduction 00:20 - 03:40 What is a Fantom? Development Process of Fantom 03:40 - 06:02 Sonic Labs Transformation 06:02 - 06:23 Closing If you are looking for accurate information and guidance on Bitcoin, Ethereum and many altcoins, welcome to the ICRYPEX YouTube channel! As ICRYPEX, we share with you the latest information about Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), Binance Coin (BNB), and more than 200 other crypto assets. Also, Avalanche (AVAX), Dogecoin (DOGE), Shiba Inu (SHIB), Cardano (ADA), Pepe Coin (PEPE), Render Coin (RENDER), Tether (USDT), Tron (TRX), Toncoin (TON), Access to a wide range of crypto assets such as Stellar (XLM), Aptos (APT), Arbitrum (ARB), Basic Attention Token (BAT), Chainlink (LINK) and Algorand (ALGO) you can provide. On our channel; You can find content such as ?Crypto asset analyses, ?Blockchain technology, ?Futures transactions and leveraged trading, ?Staking and passive income guides. Follow ICRYPEX ? Instagram: www.instagram.com/icrypex/ https://www.icrypex.com.tr ?Download our mobile application: App Store: https://apps.apple.com/tr/app/icrypex-bitcoin-al-sat/id1571270449 Google Play: https://play.google.com/store/apps/details?id=app.mobile.android. icrypex ❓Do you have questions? You can reach our expert team serving 24/7: ?Phone: +90 850 255 1079 ?E-mail: info@icrypex.com.tr