Phantom blockchain was one of the fastest EVM back in the time. But now it is rebranded. And now they are continued with their mission of the mixer and the sequencer there. So here is the case for the Sonic gateway. 

Once upon a time there used to be a phantom blockchain. And after few years it got renamed as a Sonic chain. This chain now has the bridge, sequencer and the native gateway which happens to be fail safe.

Now let’s talk about what is this new bridge between the Ethereum and Sonic chain called “Gateway”. This bridge will ensure failsafe transfer of the assets in the Ethereum to and from the chain to Sonic.

Also it has 10 minute Ethereum to Sonic settlement and upto 1 hour settlement Sonic to Ethereum. In case of layer 3 the finality time would also increase.

They recently posted a tweet about their bridge delivery and launch - Sonic Gateway.

As the settlements are native and fail safe they are not going to cause the issues not likely to arise as settlement assurance is there. This being a layer 2 chain there is going to be few minutes of final settlement.

This is a trustless bridge and it’s suitable for the staked assets transfer in the ERC20 protocol, digital custody and then eliminate the custody risks. Meanwhile retaining the control over the assets transfer.

The asset protection part in the Sonic bridge allows the asset refund if for the 14 days the assets are not returned. The faster and safer asset transfer of assets makes it easier for the Sonic to get the contracts in the digital asset custody.

Phantom’s rebranding into the Sonic labs and now the trustless bridge is moving in the right direction. Let’s see what more lies in their future!