Pharos Release No. 29 Spinach @ bocaibocai_ The RWA project I joined actually has a good background. Pharos mainly focuses on RWA for cross-border payment Infra layer It sounds quite abstract It's okay, let's dive down and take a look 🧵 —————————— Cross border payments are essentially a matter of financial infrastructure. Traditional SWIFT takes 3-5 days, with a processing fee of 2% -5%, and intermediate banks are layered to peel off the skin The current stablecoin solutions are either too slow, too expensive, or too centralized Pharos' solution is very interesting - founder Alex Zhang founded a blockchain laboratory at Damo Institute, and then relied on Ant's technological accumulation to develop a DTVM engine, which compressed smart contract execution to 0.95 ms and TPS to 50K In a nutshell, it means that cross-border payment can be instantly received like Alipay transfer Several key points: 1. With the endorsement of Alibaba's technology, RWA assets on the blockchain have already committed $300 million in real assets 2. The developer ecosystem directly reuses Ant's API system, and existing payment systems can be seamlessly migrated The test network was launched on May 7th, and the measured data is 30 times the performance of the existing EVM chain Compare the mainstream solutions: - MegaETH： 10 K TPS / 0.01¢ - Monad： 6 K TPS / 0.1¢ - Pharos： 50 K TPS / 0.0001¢ Technically speaking, other chains run Windows 98 on a single core CPU, while Pharos runs an asynchronous pipeline on a GPU cluster The technical backbone of Ant Group's Double 11 event is indeed different, they have moved the distributed architecture of e-commerce flash sale to the chain The current issue is not whether the technology is feasible, but how to regulate it The deep binding between ants and Pharos is essentially exploring compliance. When the testing network starts running, the trillion dollar market for cross-border payments may be washed away again be waiting to see