Previously, I had more or less been involved

Damn, many web3 projects are just picking up the trash from web2

To harvest the tokens from the crypto circle

They threw stones at me, and I built a small house with stones~ oh oh oh oh oh

I had heard about Pharos @pharos_network before

It's said to be founded by the former blockchain boss of Ant Financial and Alibaba

Hack VC + Faction investment

To be honest, I've heard similar stories quite a few times

Until I saw a news report some time ago

Saying they broke the record for the fastest EVM layer-1 chain

Was it dozens of times faster?

Now, the regular army from web2 doing web3 has come

We are saved, hahaha

I researched it carefully

The project founder Alex previously worked at Damo Academy

He built a blockchain laboratory

The entire team's background is also quite good

The project mainly focuses on RWA

Hackathons, incubators, and a $20 million funding plan are all included

I understand that the two most important aspects of doing RWA are

One is how high-quality the underlying assets are

The other point is the speed and security of the technology

Just based on the technology visible to me

In terms of speed, it is currently the fastest

With 50k TPS

I compared it to the popular Monad which is only 6k

The gas cost is only one thousandth

The regular army has already dealt a dimensional blow to other projects

At the same time, they are also working to introduce quality assets

They have already secured commitments for up to 300M in RWA assets

The testnet went live today

And we can participate and layout again

How fast is it really?