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Sonic Labs Advances Cross-Chain Integration with Ethereum to Sonic Gateway
In a significant move, Sonic Labs has announced the launch of its innovative cross-chain integration gateway, connecting Ethereum and Sonic in a seamless manner. This groundbreaking technology enables users to transfer various tokens, including FTM, Euro Coin (EURC), USD Coin (USDC), and Wrapped Ethereum (WETH) between the two platforms.
The most notable aspect of this development is the 1:1 ratio conversion process for FTM tokens. This means that users can easily and transparently transfer their assets from Ethereum to Sonic without any loss or compromise on their investment.
Sonic, a blockchain platform designed to support up to 10,000 transactions per second with block finality in under one second, has the potential to revolutionize the way we approach scalability and efficiency in the blockchain industry. This innovative solution is poised to drive significant growth and adoption for Sonic’s ecosystem.
In terms of security and efficiency, the Sonic Gateway boasts a robust set of measures designed to protect users’ assets. A network of validators runs both the Sonic client and Ethereum’s Light Client, ensuring an unparalleled level of transaction validation and security. Furthermore, in the unlikely event that the gateway becomes non-functional for over 14 days, a fail-safe mechanism allows users to recover bridged assets on Ethereum.
This is where the efficiency aspect kicks in – the Sonic Gateway processes transactions in “heartbeats,” which occur every 10 minutes from Ethereum to Sonic and every hour from Sonic to Ethereum. This approach saves gas costs by bundling transactions efficiently.
The cross-chain integration of Ethereum and Sonic is expected to have a significant impact on the market. It opens up new possibilities for decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain-based applications.
With this development, users are now empowered with greater freedom and flexibility in their transactional activities.
Source: crypto-economy.com
