Some business scenarios of RWA require high-throughput real-time processing.
Written by: Haotian
With the continuous evolution of the RWAFi narrative, the on-chain reality assets have become the most imaginative track in the industry. Unbeknownst to many, a competitive battle surrounding the RWA public chain infrastructure has quietly commenced. Recently, the technical team formerly known as Ant Chain launched @pharos_network, attempting to shift the market discussions on RWA regarding regulation and market maturity towards high-performance technological capabilities. Let's take a look at what's going on:
Everyone knows that the RWAFi track essentially connects real business scenarios with on-chain virtual liquid assets. On the surface, the focus of verifying the feasibility of RWAFi is how many real assets have achieved on-chain circulation. If that's the case, why does the RWA track need a high-performance public chain? Because at first glance, assets like real estate and artworks seem to be relatively low-frequency trading scenarios. Is that really the case? Not necessarily, and there are three reasons for this:
Some business scenarios of RWA require high-throughput real-time processing: especially real-time trading after bond tokenization, batch settlement in supply chain finance, and cross-border payment scenarios dominated by stablecoins, etc., which will involve a large number of high-frequency, small-value transactions.
A common example is that the Visa payment system can process tens of thousands of transactions per second during peak periods, while Alipay can reach hundreds of thousands of transactions per second at its peak. Currently, the mainstream Ethereum mainnet only processes 15-30 TPS, and even some Layer 2 public chains only handle a few thousand transactions per second. To truly unlock the potential of RWA, we need to aim for the capacity to accommodate tens of thousands or even hundreds of thousands of TPS at the level of Visa. This is a performance threshold that current Layer 1 infrastructure cannot achieve, hence the need for the existence of high-performance RWA public chains.
RWA has a low latency demand for real-time settlement in supply chain finance scenarios: In the financial sector, whether it is exchanges, market makers, or traditional financial institutions, time delay is extremely sensitive. When real-world assets like stocks, bonds, and commodities are tokenized, the requirements for transaction speed are very strict, ideally achieving a real-time level of finality transaction experience. In contrast, the transaction confirmation delays of several seconds to dozens of seconds in general public chains are difficult to meet the in-depth demands of financial business scenarios.
The compliance scenarios for RWA require massive computational support: In the process of bringing real assets on-chain for RWA, there are complex transactions involving multiple entity certifications such as KYC/AML review, qualification certification, and regulatory reporting. These require the involvement of cryptographic technologies like zero-knowledge proofs, TEE, and FHE, which undoubtedly demand even larger computational resources.
So, how does the high-performance solution provided by Pharos for the RWA track compare? Especially in contrast to @monad_xyz, @megaeth_labs, and others, what are the differentiating factors? I will mainly share two major highlight features:
Full-stack modular architecture design: Pharos has proposed a unique DP5 (Dynamic Parallel Framework 5) that adopts a full-stack modular approach, with deep optimizations made for the execution layer, consensus layer, and storage layer respectively.
For example, the execution layer uses parallel EVM technology, supporting multi-threaded parallel execution, which addresses the serial bottleneck issues of traditional EVM; the consensus layer introduces a hybrid consensus mechanism, aiming to compress the block confirmation time to within 1 second to meet the real-time confirmation needs of payment scenarios; the storage layer introduces a distributed storage architecture, optimizing the state bloat problem;
SPNs dedicated network customization scenarios: This is a special processing network that transcends pure blockchain architecture, elevating the concept of parallel EVM chains to the DP5 level, capable of dynamically allocating computing resources based on different scenario requirements.
For example: SPNs can integrate specialized hardware such as GPU, TEE, FHE, and ZK accelerators to provide the most suitable computing environment for different RWA applications; in addition, custom SPN network processing environments can be developed to meet the demand preferences for certain cross-border payment and asset tokenization scenarios.
It is equivalent to building customized sub-networks for different scenarios, allowing different resource focuses for handling various business situations. For example, in compliance scenarios, KYC verification is required, which may focus on the investment of cryptographic algorithm resources to correctly validate information while ensuring privacy protection. In contrast, the trading settlement scenario specifically targets high-concurrency transactions with multi-threading, focusing on faster and more efficient transaction settlements.
Above.
Of course, in addition to the above technical points, everyone's greater expectation for Pharos lies in the fact that its team mainly comes from Ant Blockchain and has experience in providing high-performance payment systems for over 1 billion users, which allows them to deeply understand the potential technical challenges of large-scale financial systems. This strong background experience in traditional financial institutions enables them to gain broad market trust while exploring in the RWA field.
In addition, Pharos has established a strategic partnership with @zan_team under Ant Digital Technology, where ZAN explores traditional business areas such as node services, security protocols, and compliance tools, while Pharos focuses on the circulation infrastructure needs after the on-chain of real assets. This undoubtedly gives Pharos a huge business confidence and competitive advantage barrier.
The most critical point is that, unlike other parallel EVMs that focus on "performance" expansion itself, the payment scenarios of RWA have a mature market demand environment, making it easier to land quickly and achieve effective validation. This might allow Pharos to intersect with other purely high-performance infra competitors in more focused "business scenarios," enabling faster development momentum.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Does the RWA track need a high-performance public chain?
Written by: Haotian
With the continuous evolution of the RWAFi narrative, the on-chain reality assets have become the most imaginative track in the industry. Unbeknownst to many, a competitive battle surrounding the RWA public chain infrastructure has quietly commenced. Recently, the technical team formerly known as Ant Chain launched @pharos_network, attempting to shift the market discussions on RWA regarding regulation and market maturity towards high-performance technological capabilities. Let's take a look at what's going on:
Everyone knows that the RWAFi track essentially connects real business scenarios with on-chain virtual liquid assets. On the surface, the focus of verifying the feasibility of RWAFi is how many real assets have achieved on-chain circulation. If that's the case, why does the RWA track need a high-performance public chain? Because at first glance, assets like real estate and artworks seem to be relatively low-frequency trading scenarios. Is that really the case? Not necessarily, and there are three reasons for this:
A common example is that the Visa payment system can process tens of thousands of transactions per second during peak periods, while Alipay can reach hundreds of thousands of transactions per second at its peak. Currently, the mainstream Ethereum mainnet only processes 15-30 TPS, and even some Layer 2 public chains only handle a few thousand transactions per second. To truly unlock the potential of RWA, we need to aim for the capacity to accommodate tens of thousands or even hundreds of thousands of TPS at the level of Visa. This is a performance threshold that current Layer 1 infrastructure cannot achieve, hence the need for the existence of high-performance RWA public chains.
RWA has a low latency demand for real-time settlement in supply chain finance scenarios: In the financial sector, whether it is exchanges, market makers, or traditional financial institutions, time delay is extremely sensitive. When real-world assets like stocks, bonds, and commodities are tokenized, the requirements for transaction speed are very strict, ideally achieving a real-time level of finality transaction experience. In contrast, the transaction confirmation delays of several seconds to dozens of seconds in general public chains are difficult to meet the in-depth demands of financial business scenarios.
The compliance scenarios for RWA require massive computational support: In the process of bringing real assets on-chain for RWA, there are complex transactions involving multiple entity certifications such as KYC/AML review, qualification certification, and regulatory reporting. These require the involvement of cryptographic technologies like zero-knowledge proofs, TEE, and FHE, which undoubtedly demand even larger computational resources.
So, how does the high-performance solution provided by Pharos for the RWA track compare? Especially in contrast to @monad_xyz, @megaeth_labs, and others, what are the differentiating factors? I will mainly share two major highlight features:
For example, the execution layer uses parallel EVM technology, supporting multi-threaded parallel execution, which addresses the serial bottleneck issues of traditional EVM; the consensus layer introduces a hybrid consensus mechanism, aiming to compress the block confirmation time to within 1 second to meet the real-time confirmation needs of payment scenarios; the storage layer introduces a distributed storage architecture, optimizing the state bloat problem;
For example: SPNs can integrate specialized hardware such as GPU, TEE, FHE, and ZK accelerators to provide the most suitable computing environment for different RWA applications; in addition, custom SPN network processing environments can be developed to meet the demand preferences for certain cross-border payment and asset tokenization scenarios.
It is equivalent to building customized sub-networks for different scenarios, allowing different resource focuses for handling various business situations. For example, in compliance scenarios, KYC verification is required, which may focus on the investment of cryptographic algorithm resources to correctly validate information while ensuring privacy protection. In contrast, the trading settlement scenario specifically targets high-concurrency transactions with multi-threading, focusing on faster and more efficient transaction settlements.
Above.
Of course, in addition to the above technical points, everyone's greater expectation for Pharos lies in the fact that its team mainly comes from Ant Blockchain and has experience in providing high-performance payment systems for over 1 billion users, which allows them to deeply understand the potential technical challenges of large-scale financial systems. This strong background experience in traditional financial institutions enables them to gain broad market trust while exploring in the RWA field.
In addition, Pharos has established a strategic partnership with @zan_team under Ant Digital Technology, where ZAN explores traditional business areas such as node services, security protocols, and compliance tools, while Pharos focuses on the circulation infrastructure needs after the on-chain of real assets. This undoubtedly gives Pharos a huge business confidence and competitive advantage barrier.
The most critical point is that, unlike other parallel EVMs that focus on "performance" expansion itself, the payment scenarios of RWA have a mature market demand environment, making it easier to land quickly and achieve effective validation. This might allow Pharos to intersect with other purely high-performance infra competitors in more focused "business scenarios," enabling faster development momentum.