Pharos Network, a next-generation Layer 1 public blockchain focused on Real World Assets (RWA), has announced the official launch of its public testnet. Pharos Network targets institutional-level RWA application scenarios and enterprise-level decentralized finance needs, aiming to address the pain points of traditional institutions entering Web3 by building leading modular infrastructure, creating an efficient low-cost payment network, and promoting the large-scale deployment of decentralized applications and the expansion of tokenized asset scenarios.
The Pharos testnet can process up to 30,000 transactions per second, with sub-second transaction confirmation capabilities, setting a new benchmark for Layer 1 blockchain performance. Its innovative GPU-like architecture improves storage efficiency by 80%. The platform implements compliant KYC/AML through zero-knowledge proof (ZK) technology, features a built-in privacy-protecting SPN system, and decentralized AI capabilities, providing efficient and low-cost transaction services while maintaining full compatibility with EVM, and supporting flexible on-chain innovations.
To address the long-standing challenges of scalability, compliance, and flexibility faced by RWA applications, Pharos has built a modular, high-throughput infrastructure that directly supports the secure and compliant on-chain deployment of RWA, while meeting the dual demands of regulation and performance in the financial industry, helping enterprises achieve breakthroughs in areas such as green energy finance, payments, supply chain finance, and real estate securitization.
Pharos Network was founded by core members from Ant Group and Alibaba's blockchain business. With years of experience in enterprise services, the team is dedicated to providing institutional-level solutions for innovative fields such as green finance, payments, programmable ownership, and asset tokenization.
Pharos Network CEO Alex Zhang stated, "The launch of the testnet is an important milestone in unlocking the true potential of RWA. By building a high-performance, scalable, and adaptable platform, Pharos meets the need to bring real-world assets on-chain and give them utility. We look forward to witnessing the flourishing development of innovative products on Pharos, accelerating the connection between traditional finance and decentralized technology."
Developers and users can now experience the testnet first by visiting testnet.pharosnetwork.xyz.
About Pharos Network
Pharos Network is a revolutionary Layer 1 public blockchain that sets a new benchmark for decentralized technology with the best performance and scalability. Founded by Ant Group and former blockchain leaders from Alibaba, Pharos aims to create the best RWA and enterprise-level DeFi blockchain, achieving the highest performance for EVM Layer-1: 50,000 TPS and being the first to reach 2 gigagas/second. Additionally, Pharos is a co-developer of SmartCogent (a large language model AI toolkit) and the core development team of DTVM technology. For more information, please visit https://pharosnetwork.xyz.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
