Ant Group launches Layer 2 blockchain Jovay and virtual machine DTVM

According to Foresight News, Ant Group announced in Dubai the launch of Layer 2 blockchain Jovay for overseas markets. This is a high-performance and trusted blockchain platform designed specifically for RWA trading, using a three-stage hierarchical confirmation mechanism to ensure the verifiability of transactions, supporting a throughput of 100000 TPS and a 100 millisecond on chain response time. In addition, Ant Group's open-source new generation blockchain virtual machine DTVM (DeTerministic Virtual Machine) made its debut. The DTVM integrated large language model development framework SmartCogent is fully compatible with the Ethereum ecosystem, eliminating the "language barrier" of cross platform development for RWA scenario developers.