Pharos

Pharos Network operates as a deep parallel Layer 1 blockchain, focusing on providing a trustless and decentralized platform for financial transactions and applications. The network is designed to offer a central limit order book Spot Perp DEX with a user experience comparable to centralized exchanges, supporting advanced order types and ensuring finality within one second at minimal costs. Pharos Network aims to empower a seamless and hybrid payment future by integrating strategic partnerships and extending its reach across Web3 borders. The platform facilitates new categories of Real World Assets through zkDID attestation and an on-off chain credit system, aligning with financial institutional risk management standards. Pharos Network's business model revolves around leveraging its ultra-fast, EVM-compatible blockchain to attract clients seeking efficient and cost-effective solutions for payments and decentralized applications. The network's modular and real-time SPN capabilities, combined with geographical decentralization, provide robust support for diverse software and hardware environments. By focusing on low fees and strong consistency, Pharos Network positions itself as a key player in the blockchain market, catering to financial institutions and developers looking for scalable and reliable blockchain solutions.

Keywords: blockchain, decentralization, payments, EVM-compatible, low fees, financial institutions, DEX, zkDID, scalability, real-time