Pharos, a Layer 1 public blockchain targeted on integrating conventional finance (TradFi), launched its public improvement community on March 6.
Pharos Launches Public Check Community
This check community encourages builders to construct and stress-test the platform, which is touted as the primary EVM-compatible Layer 1 blockchain able to reaching speeds of two gigas per second.
Pharos is led by a group with vital expertise within the blockchain and tech industries. Founder and CEO Alex Zhang beforehand served as CTO of Ant Chain, whereas co-founder and CTO Meng Wu was the Chief Safety Officer for Ant Monetary’s Web3 division. Moreover, Pharos’ CMO, Laura Shen, was previously the top of Solana Cellular Advertising at Solana Labs.
In November 2024, Pharos raised $8 million in a seed spherical led by Lightspeed Faction and Hack VC, with SNZ Capital as a strategic investor. Different backers of the challenge embody Dispersion Capital, Hash International, Generative Ventures, MH Ventures, Zion, and Refrain One.
Pharos has large plans to enhance its check community within the coming weeks and the brand new options will embody an open faucet system, enhanced developer instruments and assets and expanded providers help. This Devnet launch additionally has plans for a Testnet rollout that may carry the community nearer to its production-ready model.
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