Pharos Network Unveils High-Performance Layer 1 Testnet | Crypto Work Pro
HONG KONG, May 16, 2025 /PRNewswire/ — Pharos Network, a high-performance blockchain constructed for real-world belongings (RWAs), introduced the launch of its Testnet. Designed for institutional-grade RWAs and enterprise-scale DeFi, Pharos provides a next-generation, modular infrastructure that addresses the important thing bottlenecks stopping establishments from coming into Web3. The platform powers scalable deployment of decentralized purposes, permits environment friendly cost options, and unlocks new use circumstances for tokenized belongings.
The Pharos Testnet achieves up to 30,000 transactions per second with one-second finality, setting a new benchmark for Layer 1 blockchain efficiency. Its GPU-like structure might help billions of customers and scale back storage utilization by 80%. The community additionally options built-in help for decentralized AI and privateness preserving SPN. With ZK-based KYC/AML capabilities, Pharos ensures enterprise-ready security and compliance. It stays absolutely EVM-compatible, offering sooner and cheaper transactions, whereas enabling versatile, on-chain innovation.
Pharos’s product stack instantly addresses the core bottlenecks in RWA adoption—scalability, compliance, and adaptability—unlocking new use circumstances throughout sectors reminiscent of renewable vitality industry finance, cost, provide chain finance, and tokenized real estate. Its modular, high-throughput infrastructure permits secure deployment of RWA at scale, whereas assembly the regulatory and efficiency calls for of the financial industry.
Founded by former AntChain and Alibaba blockchain leaders, the Pharos crew brings deep enterprise expertise, uniquely positioning it to ship enterprise-grade options for establishments exploring inexperienced finance, funds, and new types of programmable possession and asset tokenization.
(*1*) mentioned Alex Zhang, CEO of Pharos Network. “We’re excited to watch innovation flourish on Pharos and speed up the convergence of conventional finance and decentralized technology.
Developers and customers can entry and expertise the Testnet by visiting testnet.pharosnetwork.xyz.
About Pharos
Pharos Network is a revolutionary Layer 1 blockchain platform that units new benchmarks in decentralized technology with its excessive efficiency and scalability. Founded by ex-blockchain leaders from Ant Financial and Alibaba, Pharos goals to construct the best chain for RWAs and enterprise-grade DeFi, attaining the very best EVM Layer-1 efficiency with 50K TPS and being the primary to succeed in 2 gigagas/sec. In addition, Pharos is a co-developer of SmartCogent, an AI toolkit for giant language fashions (LLMs), and the core development crew of DTVM technology. For more data, please go to https://pharosnetwork.xyz.
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