Pharos Network testnet launched, focusing on RWA track 30,000 TPS high performance

Planet News: A Layer 1 blockchain focused on RWA called Pharos Network has announced the official launch of its testnet. The network features a modular design, achieving 30,000 TPS processing capacity and sub-second transaction confirmation. While being EVM-compatible, it integrates ZK compliance verification and decentralized AI functionality, aiming to solve scalability and compliance requirements for institutional DeFi. According to sources, Pharos was established by the former blockchain core team of Ant Digital Technology, with an innovative architecture that improves storage efficiency by 80% and includes a built-in privacy protection system. The testnet is currently open for experience, and the mainnet plans to support 50,000 TPS, with a focus on RWA scenarios such as green finance and real estate securitization.