Pharos Network Launches High-Performance Testnet for Real World Asset Adoption

Pharos Network, a blockchain platform designed for real-world assets (RWAs), has launched its testnet to accelerate adoption in finance and Web3. The innovative platform boasts high-performance capabilities and addresses key challenges preventing institutional entry into Web3. 30,000 transactions per second with one-second finality, an architecture optimized for billions of users, and built-in decentralized AI and privacy-preserving SPNs are some of its core features.