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The Layer 1 public chain Pharos Network, focused on RWA, announced the official launch of its Testnet. The network features a modular design, achieving a processing capacity of 30,000 TPS and sub-second transaction confirmation, while being compatible with EVM and integrating ZK Compliance verification and Decentralization AI functions, aiming to address the scalability and compliance needs of institutional-level Decentralized Finance.
It is reported that Pharos was founded by the former core blockchain team of Ant Group, and its innovative architecture improves storage efficiency by 80%, with a built-in privacy protection system. The testnet is currently open for experience, and the mainnet plans to support 50,000 TPS, focusing on RWA scenarios such as green finance and real estate securitization.