Pharos Network Launches High-Speed Testnet for Real-World Assets

Pharos Network Launches Testnet for Real-World Asset Innovation

Pharos Network has officially launched its Testnet. This marks a new chapter for blockchain technology focused on real-world assets (RWAs). Built to support enterprise-level needs, Pharos is designed for businesses working with digital finance. It brings new tools for developers to create secure, scalable, and compliant solutions. The Testnet opens up fresh possibilities for payments, tokenized ownership, and smart contract-based systems.

The Pharos Testnet handles up to 30,000 transactions per second. It confirms each transaction in one second. This sets a strong standard for performance on a Layer 1 chain. The network uses an advanced GPU-like structure. It can reduce storage usage by 80% and support billions of users.Other characteristics of Pharos include private smart payment networks (SPN) and decentralized AI. With built-in ZK-based KYC/AML, it supports security and compliance needs. Developers can work in an environment that is EVM-compatible. They can build faster and save costs while maintaining full flexibility.

Source: X

Tackling Major Barriers in RWA Adoption

Pharos focuses on three problems. These are scalability, compliance, and flexibility. Payment services, renewable energy, supply chain financing, and tokenized real estate are all supported by its modular framework. These sectors require high trust and performance. Pharos allows institutions to build and scale projects while staying in line with regulations. The platform provides a simple way to bring traditional assets into a digital space.

Pharos is not just a platform. It is also a growing community. Projects are already live on the Testnet. These include Zenith Swap, ELFi, Buzzing Club, Nextmate.AI, Faroswap, R2, OpenFi, Hemera, Blocksense, Supra, and others. OKX Wallet supports the Testnet from day one. The ecosystem allows real-world applications to grow inside a crypto-native structure. These early collaborations show strong interest in what Pharos offers.

Source: X

The Pharos team includes former leaders from AntChain and Alibaba. They bring deep knowledge from the world of enterprise tech. Their background gives them an edge in understanding what institutions need. They focus on real use cases such as green finance, cross-border payments, and tokenized ownership. Their approach blends blockchain with business.

Pharos CEO Alex Zhang offered his opinions on the Testnet debut. “The Pharos Testnet represents a major step forward. It brings real-world assets onto the chain and gives them new utility,” said Zhang. He added that the team is excited to see how developers and institutions will use the platform. The Testnet supports growth across finance and technology.

To test the network, developers and users can go to testnet.pharosnetwork.xyz. The platform is open to anyone who wants to explore high-speed blockchain tools for real-world use.

In Terms Of Pharos Network

A cutting-edge Layer 1 blockchain is called Pharos. With 50,000 TPS and EVM compatibility, it offers unparalleled performance. The platform takes the lead in integrating cryptocurrency with real-world assets. Additionally, it is the first to achieve 2 gigagrams per second. Pharos is the team behind DTVM tech and a co-developer of SmartCogent, an AI toolset for LLMs. Pharos was created by executives with years of blockchain experience and is designed to meet the modern financial and technological needs.