Pharos Network is revolutionizing the blockchain landscape by introducing a high-performance, EVM-compatible Layer-1 solution designed to address the scalability challenges faced by decentralized applications. While the Ethereum Virtual Machine (EVM) remains the dominant standard in Web3, with a significant portion of DeFi capital locked in EVM-based applications, existing EVM-compatible blockchains struggle with low throughput. Pharos Network tackles this issue head-on with its innovative full-stack parallel blockchain architecture.
At the core of Pharos Network is the Pharos VM (also known as Dora), a cutting-edge virtual machine that brings exceptional performance, stability, and interoperability to the blockchain space. By implementing deep optimizations across all levels of the stack - from the database layer to the virtual machine and consensus layers - Pharos achieves remarkable transaction processing capabilities. The network introduces advanced features such as parallel execution, superscalar pipelining, and a unified Intermediate Representation (IR) that harmonizes EVM and WebAssembly (WASM) specifications.
The platform is optimized for various use cases, including fully on-chain CLOB DEX, real-time payments, institution-level Real World Assets (RWA), and scalable Decentralized Physical Infrastructure Networks (DePIN). By leveraging geographical decentralization and supporting heterogeneous software and hardware, Pharos Network aims to spark on-chain innovations and drive mass adoption of blockchain technology.
Pharos Network secured $8 million in seed funding to accelerate the development of its ultra-fast, full-stack parallel Layer-1 blockchain. This investment, led by prominent venture capital firms, underscores the potential of Pharos Network to reshape the blockchain landscape and provide developers with the tools needed to create interoperable, high-performance decentralized applications.
Company Details
- Employees
- 11
- Founded
- -
- Address
- Road Town, Tortola, Vg
- Industry
- Blockchain Services
- Website
- http://pharosnetwork.xyz
- Keywords
- Road Town.
- HQ
- Road Town, Tortola
Pharos Network Questions
Pharos Network's website is http://pharosnetwork.xyz
Pharos Network's LinkedIn profile is https://vg.linkedin.com/company/pharosnetwork
Pharos Network has
11 employees.
View email and phone details for 11
employees at Pharos Network.
Pharos Network's industry is
Blockchain Services
Pharos Network's top competitors are
Ample Fintech,
Mantra,
Spout,
Learnq.ai ®,
Hackquest,
Solana Labs,
Pharos,
Ant Group,
Pharos Network,
Plume.
Pharos Network's categories are Blockchain Services
Pharos Network's founding year is 2024
