Pharos Launches Public Test Network for Its Layer 1 Blockchain

Pharos, a Layer 1 Public Blockchain aimed on the integration of conventional funds (Tradfi), launched his public growth community on 6 March.

Pharos launches the general public check community

This check community encourages builders to construct and stress check, which is marketed as the primary EVM-compatible layer 1 blockchain that is ready to attain speeds of two gigas per second.

Pharos is led by a crew with appreciable expertise within the blockchain and technical trade. Founder and CEO Alex Zhang beforehand served as CTO of Ant Chain, whereas co-founder and CTO Meng Wu had been the Chief Safety Officer for the web3 division of Ant Monetary. Furthermore, the CMO of Pharos, Laura Shen, previously the top of Solana Cellular Advertising at Solana Labs.

In November 2024, Pharos raised $ 8 million in a seed spherical led by Lightspeed -Feeding and Hack VC, with SNZ Capital as a strategic investor. Different backers of the challenge embody dispersion capital, hash international, generative ventures, MH Ventures, Zion and Refrain One.

Pharos has massive plans to enhance his check community within the coming weeks and the brand new capabilities can be an open faucet system, eNHANANCED DEVELOER TOOLS AND sources and EXpande Companies Assist. This DEVNET launch additionally has plans for a check community rollout that can convey the community nearer to the production-ready model.

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