Alex Zhang
CEO
Pharos Network
Pharos Network is an EVM-compatible Layer-1 blockchain designed for high-performance decentralized applications. It utilizes a full-stack parallel architecture and the Pharos VM (Dora) to achieve high transaction throughput through parallel execution and superscalar pipelining. The platform supports use cases like on-chain CLOB DEX, real-time payments, and RWA.
- Blockchain & Cryptocurrency
- Developer Tools
- Software Only
- Web3 & NFTs
Updated 6 months ago
Funding
Funding rounds are not available yet.
Founders
Wish Wu
CTO & Co-founder
Product
Problem
Existing EVM-compatible blockchains often struggle to achieve the transaction throughput and scalability required for high-performance decentralized applications and real-world asset tokenization. This limitation hinders the seamless integration of traditional finance with decentralized systems. High storage costs and lack of native support for decentralized AI further compound these challenges.
Solution
Pharos Network is a Layer-1 blockchain designed to address these limitations through a full-stack parallel architecture and the Pharos Virtual Machine (PVM). This architecture enables high transaction throughput via parallel execution and superscalar pipelining, achieving speeds of up to 50,000 TPS with sub-second finality. The platform offers Ethereum dApp compatibility, reducing storage costs by 80% and scaling to support billions of accounts. Pharos also provides native support for light client protocols, Byzantine-fault tolerance in consensus, and authenticated storage, ensuring robust security. Its modular design allows for dynamic extensibility with Special Processing Networks (SPNs) and heterogeneous software/hardware support, fostering on-chain innovation.
Target Audience
The primary target audience includes developers building decentralized applications, financial institutions looking to tokenize real-world assets, and enterprises seeking scalable blockchain solutions.
Features
- Full-stack parallel architecture enabling up to 50,000 TPS and 2 Gigagas per second throughput
- Ethereum Virtual Machine (EVM) compatibility for seamless dApp migration
- 80% reduction in storage costs compared to traditional blockchains
- Native support for light client protocol on PB-level data volumes
- Optimal Byzantine-fault tolerance in consensus for enhanced security
- Modular design with Special Processing Networks (SPNs) for dynamic extensibility
- Support for heterogeneous software and hardware
- Unified Intermediate Representation (IR) harmonizing EVM and WebAssembly (WASM) specifications