Fogo Chain is said to be the fastest layer-1 blockchain currently thanks to the use of the Firedancer validator and compatibility with Solana Virtual Machine (SVM) of Solana. So what are the details of Fogo Chain's technologies? Let's explore in the article below.
What is Fogo Chain? Exploring the first layer-1 blockchain compatible with SVM
What is Fogo Chain?
Fogo is a layer-1 blockchain designed to achieve high throughput, low latency, and large-scale transaction processing. Fogo is compatible with Solana Virtual Machine (SVM), allowing existing programs, tools, and infrastructure on Solana to easily migrate to Fogo.
What is Fogo Chain?
Fogo Chain uses Firedancer, a high-performance client developed by Jump Crypto, to achieve maximum speed and bandwidth while maintaining low latency. Additionally, although compatible with SVM, Fogo is completely separate from Solana's system, thereby avoiding congestion in the system.
Core Technologies of Fogo Chain
Solana Virtual Machine (SVM)
Fogo Chain leverages SVM to achieve fast transaction speed and low cost. However, it not only replicates Solana but is also further optimized by completely separating from the Primary Network, avoiding the congestion often seen on other layer-1 blockchains.
Firedancer
Firedancer is a validator client software developed for the Solana blockchain to help the blockchain process transactions faster and more efficiently than the current validators.
The use of Firedancer helps Fogo become a high-performance blockchain with impressive metrics such as 1 million transactions per second (tps) and a Block Time of 20ms, suitable for real-time applications like institutional finance or online gaming.
Multi-Local Consensus
Fogo's consensus mechanism operates on a multi-zone model, rather than using a global consensus network like traditional blockchains. The network is divided into multiple different zones, each with a carefully selected group of validators to process transactions independently, increasing confirmation speed and reducing latency.
A unique feature of Multi-Local Consensus is the zone rotation mechanism, which changes the verifying zone of the network by each epoch and assigns a unique cryptographic identity to each zone. This helps ensure security, prevent the control of a single legal jurisdiction, increase system resilience, and optimize performance.
Fogo Chain Development Team
The founding team of Fogo Chain includes individuals with extensive experience in the crypto and finance industries, who have held key positions at large organizations:
- Robert Sagurton (Co-Founder): Robert has over 5 years of experience working at Jump Crypto. Prior to that, he worked at large financial institutions such as JPMorgan Chase, State Street Bank, Morgan Stanley, and the enterprise blockchain company R3.
- Douglas Colkitt (Co-founder): He is the founder of Crocodile Labs and also the developer of the decentralized exchange Ambient Finance.
- Michael Cahill (CEO & Co-Founder): He held the position of Vice President of Foreign Exchange Business at Morgan Stanley for over 7 years, worked at Jump Crypto for 4 years, and other organizations. He is also the CEO of Pyth Network.
Investors
Fogo Chain has raised a total of $13.5 million through 2 funding rounds:
- Seed round in December 2024: Raised $5.5 million with participation from Distributed Global and CMS Holdings.
- ICO round in January 2025: Raised $8 million through the Echo platform with participation from The Echonomist, 4 Ventures, Big Brain Collective, and Patrons.
Summary
The above is all the information about the Fogo Chain project, Coin68 hopes readers will have a basic understanding of the project and its highlights. Wish you have more useful knowledge!
Note: The information in the article is not to be considered investment advice, Coin68 is not responsible for any of your decisions.
