According to Foresight News, EVM Layer 1 blockchain Pharos Network has announced the launch of its testnet, which is built-in with support for decentralized AI and privacy-protected SPN, and ensures security and compliance through KYC/AML functions based on zero-knowledge proofs (ZK). It is fully compatible with EVM, providing faster and more economical transactions while supporting flexible on-chain innovation.
Pharos was founded by former blockchain leaders from Ant Group and Alibaba, aiming to become a public chain built specifically for RWA and DeFi. Pharos is also a co-developer of the large language model (LLM) AI toolkit SmartCogent and the core development team of DTVM technology.
