Congratulations, Pharos has officially released the testnet. The testnet has 30,000 TPS and is fully EVM compatible. This means that projects in the ETH, Base, BSC and other ecosystems can be seamlessly migrated to Pharos.
An important reason why I pay attention to Pharos is that it is the light of domestic products, and in terms of TPS and Gas data, it is now the most powerful public chain.
Because Pharos has a strong team, the founder, Alex Zhang, served as the CTO of Ant Blockchain Business Group and the head of the Blockchain Lab of Ali Damo Academy. In the past seven years, Ant has been focusing on the research and development of high-performance blockchain technology.
At present, the TPS of Pharos's testnet is 30K, and it will reach 50K on the mainnet, which has far surpassed the star projects Monad and MegaETH in Europe and the United States. The ultra-high TPS not only brings a better experience to the existing Dapps, but also opens a new ceiling and brings new application scenarios. For example
1) High-frequency trading
2)RWA
3) Decentralized AI engine that supports the Internet of Things, directly connecting to illiquid assets through oracles
4) Privacy-preserving payments and decentralized AI through SPN, with millions of trillions of floating-point operations
Maybe I still have a little selfishness, at the moment when the United States technology is completely blocking China, I hope that Pharos can become a public chain in the blockchain field that can compete with the United States.
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