Pharos launches a general test of L1 Blockchain

Pharos, a general class in the first layer that focuses on integrating traditional financing (TadFi), launched the General Development Network on March 6.

Pharos launches a public test network

The test network encourages these developers to create and test the basic system, which is described as the first Blockchain layer 1 compatible with EVM capable of accessing 2 GB speeds.

Pharos leads a team with great experience in Blockchain and Tech industries. The founder and CEO Alex Zhang previously worked as the Ant series, while the co -founder and CTO MENG Wu was the chief security official in the ANT Financial WeB3 department. In addition, Pharos’ CMO, Laura Shen, was the head of the Solana Mobile Marketing in Solana Labs.

In November 2024, Pharos raised $ 8 million in a seed tour led by the Lightspeed and Hack VC faction, with Snz Capital as a strategic investor. Among the other supporters of the project are the dispersion of capital, the retail global projects, the MH, Zion and Chorus One projects.

Pharos has great plans to improve its test network in the coming weeks and will include new featuresN is an open faucet system, eNHACET developers and resourcesXpanded services support. This Devnet’s launch also contains plans to launch Testnet that would approach the network to its version ready for production.

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Written by Rito Lavania

Ritu Lavania is a multi -use Web3 content creator with more than three years experience in the encryption space. It is part of the team in Cryptonewsz, where you write insightful and attractive content. She also contributed to Thecryptotimes and Coin Edition, where her work was well received by the encryption community. Maher in research, creative writing, senior economic officials, and job cooperation, creating content specifically designed for a varied audience. Population of education, devotes time to teaching children and expressing themselves through poetry. It always yearns for learning, constantly exploring new trends in Blockchain origin and digital assets. It strongly believes in telling stories to make complex encryption themes easier and attractive to readers all over the world.