TechFlow, April 30 — Pharos Network, a Layer 1 public blockchain focused on the RWA sector, announced today that its testnet will officially launch on May 7. This testnet release aims to showcase Pharos' innovative Layer 1 solution, featuring high throughput to significantly enhance on-chain transaction speeds. Additionally, EVM compatibility enables developers to easily migrate and deploy Ethereum applications, accelerating the development of the on-chain RWA ecosystem and empowering the integration of TradFi and DeFi.
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