Ant Chain's "overseas version" Pharos testnet has officially launched. Pharos, as the culmination of Alibaba's technology, adopts GPU parallel computing and asynchronous pipeline. Currently, it has achieved a transaction speed of 20K tps in the development environment, and the blockchain virtual machine DTVM jointly developed with Ant Chain is also officially open source, achieving a 30 fold performance improvement. In addition to technological advantages, Pharos mainly relies on resource advantages. After all, unlike other high-performance public chains that start from scratch, Pharos shoulders the task of Alibaba's going global and belongs to the group of bringing capital into the market. It mainly undertakes two major scenarios: RWA and cross-border payments, which happen to be the two most mainstream directions in the current cryptocurrency circle. Pharos' expected coin issuance is also quite clear, after all, although it comes from Ant, it is completely isolated. Currently, it has obtained the exclusive testing network leading qualification. Friends interested in interaction are welcome to use it. I have placed the invitation code in the comment section. Regarding Pharos, a detailed article that has been written before can be reviewed and read at https://(x.com)/jan_chen998/status/1904048486661934481