Soneium Prepares For Two Upgrades In October To Enhance Its Security And Efficiency

Revealed: October 11, 2024 at 12:00 pm Up to date: October 11, 2024 at 11:24 am

Edited and fact-checked:
October 11, 2024 at 12:00 pm

In Temporary

Soneium will introduce Granite and Fjord via a twin arduous fork improve, together with an replace of its Layer 1 contract to model 1.6.0.

Soneium Prepares For Two Upgrades In October To Enhance Its Security And Efficiency

Ethereum layer 2 blockchain, Soneium, introduced the upcoming improve to Soneium Minato, set to happen on the finish of October. Granite and Fjord are deliberate to be launched via a twin arduous fork improve, together with an replace of Soneium’s Layer 1 contract to model 1.6.0.

These upgrades intention to boost the safety and effectivity of the community, enabling Soneium Minato to combine with the Superchain and broaden its ecosystem alongside different Layer 2 networks on Optimism. Moreover, the upgrades will facilitate Superchain governance, permitting for the oversight of future Layer 1 contract updates and reinforcing the decentralization of Soneium’s ecosystem.

The Granite improve was proposed by Optimism in response to safety vulnerabilities recognized throughout a collection of third-party audits carried out by Spearbit, Cantina, and Code4rena. This improve encompasses each a set of good contract enhancements to deal with the vulnerabilities and a Layer 2 arduous fork designed to enhance the steadiness and efficiency of the fault-proof system. Key options of the Granite improve embody limiting the enter measurement for the bn256Pairing precompile and lowering the Channel Timeout.

However, the Fjord improve introduces the RIP-7212 precompile, which lowers gasoline prices for numerous good pockets functions. It additionally implements FastLZ gasoline pricing to offer customers with extra predictable and optimized gasoline bills, together with Brotli channel compression, which decreases information availability prices by roughly 5-15%.

1/2 🪛 Soneium Minato Improve Incoming! 🪛

Prepare for TWO main upgrades on the finish of this month! 🎉

We’re introducing Granite & Fjord via a twin hardfork improve and updating our Layer 1 contract to v1.6.0.

These upgrades will enhance safety and effectivity, paving… pic.twitter.com/ZzdjliDdON

— Soneium 💿 (@soneium) October 11, 2024

Soneium: A Blockchain For Shopper-Grade Purposes

Launched this summer time by Sony’s blockchain division, Sony Block Options Labs, Soneium goals to attach blockchain know-how with on a regular basis web companies, thereby simplifying consumer onboarding into Web3.

Constructed on the Op Stack, the Soneium blockchain is designed to supply a “cost-effective improvement surroundings” for creating consumer-grade functions. Early adopters of the community embody Optimism, Alchemy, The Graph, Chainlink, and the Astar Community.

Just lately, Sony Block Options Labs partnered with stablecoin issuer Circle to integrate the Bridged USDC Commonplace into Soneium. This collaboration establishes bridged USDC as the first token for worth alternate throughout the platform, opening up new alternatives for each creators and customers.

Disclaimer

In step with the Trust Project guidelines, please be aware that the knowledge offered on this web page is just not supposed to be and shouldn’t be interpreted as authorized, tax, funding, monetary, or another type of recommendation. You will need to solely make investments what you may afford to lose and to hunt impartial monetary recommendation when you’ve got any doubts. For additional info, we propose referring to the phrases and circumstances in addition to the assistance and assist pages offered by the issuer or advertiser. MetaversePost is dedicated to correct, unbiased reporting, however market circumstances are topic to vary with out discover.

About The Writer

Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.