Pharos Launches Public Test Network for Its Layer 1 Blockchain
Pharos, a Layer 1 public blockchain targeted on integrating conventional finance (TradFi), launched its public improvement community on March 6.
Pharos Launches Public Take a look at Community
This take a look at 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 workforce with important 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 pinnacle 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 mission embody Dispersion Capital, Hash World, Generative Ventures, MH Ventures, Zion, and Refrain One.
Pharos has massive plans to enhance its take a look at community within the coming weeks and the brand new options will embody an open faucet system, enhanced developer instruments and assets and expanded providers assist. This Devnet launch additionally has plans for a Testnet rollout that can carry the community nearer to its production-ready model.
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