Pharos Network, a layer of layer 1 Blockchain built to join traditional finance and decentralized systems, has launched its test network. Pharos Network aims to overcome long -standing challenges in real -world asset token (RWA) with scalability and institutional degree infrastructure.
Founded by former Blockchain executives from Antchain and Alibaba, Pharos Its objective is to redefine how assets such as real estate, renewable energy loans and supply chain instruments interact with web 3 infrastructure. The Netnet of the Network promotes the performance of ampoules, up to 30,000 transactions per second (TPS) in order to only a second, establishing a new block for RWA centered blockchains.
Unlike many existing layers, Pharos adopts a modular architecture similar to the GPU that the team states that it could support billions of users and reduce the use of storage in the chain by 80%. This architecture allows parallel execution and efficient state management, critic for companies that require performance guarantees similar to traditional financial systems.
Pharos also stands out for integrating advanced compliance tools directly into the chain. It has KYC/AML mechanisms based on zero knowledge (ZK), designed to allow institutions to verify identities without compromising user privacy, an essential requirement to token regulated assets. In addition, its EVM compatibility guarantees a perfect transmission of existing applications based on Ethereum with lower transaction costs and faster execution.
“Traditional finances are still waiting for infrastructure that meets their safety, compliance and speed standards,” said Alex Zhang, CEO of Pharos. “Our testnet represents a critical leap forward. We are not only pursuing performance; we are allowing a completely new class for applications for real world assets.”
While Pharos is entering a market full of the competitors of Layer 1, from the road map centered on the Ethereum roll to the subnets of Avalanche and the modular areas of cosmos, it seeks to carve a niche focusing directly on the deployment of RWA of business grade. Recent participants such as Ondo Finance and Centrifuge have illustrated the market appetite for tokenized assets, but the infrastructure that supports them is still behind.
Pharos also participates in the development of Smartcogent, an artificial intelligence tools for large language models (LLM) and DTVM technology (deterministic virtual confidence machine): things consider complementary in the creation of intelligent and scalable web3 ecosystems.
Developers can access Pharos Testnet in Testnet.fharosnetwork.xyz, since the company begins to court the builders focused on tokenized real estate, green bonds and defi instruments in accordance with.
As the institutional and regulatory impulse around tokenization accelerates, JPMorgan and Blackrock are recent defenders, the race to become the predetermined RWA chain is heating. Pharos is betting on the speed, compliance and business credibility will make a difference.
Read also: Antix raises $ 8.2 million to launch tokenized digital humans
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Image credits: Red Pharos
