: : The Blueprint for Institutional-Grade Financial Infrastructure Envisioned by Pharos
Author: Calvin
- The RWA market has grown rapidly from approximately $1 billion in 2023 to over $27 billion as of 2026; however, current blockchain infrastructure faces structural limitations in performance, compliance, and interoperability when handling institutional-grade financial assets. Pharos is a finance-specialized Layer 1 blockchain designed to address this infrastructure gap.
- Through its proprietary framework called the "Degree of Parallelism," Pharos defines the stages of blockchain performance evolution from DP0 to DP5, aiming for DP4 or higher, surpassing most existing high-performance blockchains (DP2โDP3). To achieve this, it has implemented asynchronous BFT consensus where all validators propose blocks simultaneously, dual VMs that support both EVM and WASM, pipelining that divides the block processing process into six stages for simultaneous processing, and Pharos Store, which achieves up to 80% reduction in storage costs compared to existing blockchain storage. - Paros's Special Processing Networks (SPN) are modular extension layers that independently handle high-frequency transactions, privacy computations, and AI inference while sharing the security of the mainnet. They can be interpreted as a reconfiguration of the institutional fragmentation structure of traditional finance into a blockchain architecture.
- Paros has formed the RealFi Alliance with Chainlink, LayerZero, Centrifuge, and others to build an ecosystem encompassing everything from asset tokenization to distribution and settlement. Additionally, it is actively pursuing real-world asset linkages with the Hong Kong-listed company GCL New Energy, including the tokenization of energy revenue rights and decentralized energy trading.
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