Pharos Network testing online, focusing on high-performance RWA track with 30000 TPS

Odaily Planet Daily News: Pharos Network, a Layer 1 public chain focused on RWA, announced the official launch of its testing network. The network adopts a modular design, achieving a processing capacity of 30000 TPS and sub second transaction confirmation. It is compatible with EVM and integrates ZK compliance verification and decentralized AI functions, aiming to meet the scalability and compliance requirements of institutional DeFi. It is reported that Pharos was founded by the former blockchain core team of Ant Group. Its innovative architecture improves storage efficiency by 80% and has a built-in privacy protection system. At present, the testing network is open for trial, and the main network plans to support 50000 TPS, with a focus on covering RWA scenarios such as green finance and real estate securitization.