Introduction
Last updated
Last updated
“We believe in: rough consensus and running code” - David Clark, 1992
Pharos Network is committed to driving trustless innovations that serve financially underserved communities and asset markets, supporting the future global economy and enabling true mass adoption of Web3 technologies.
The network aims to establish a Web3 infrastructure with the following characteristics:
An Inclusive Payment System: Providing a Web2-equivalent user experience at the scale of billions of user accounts globally.
An Inclusive Asset Exchange System: Facilitating extreme liquidity for both crypto assets and real-world assets, bridging traditional finance with decentralized markets.
A dApp Innovation Platform: Empowering the development of rich Web3 SuperApps through a revolutionary world computing model, leveraging a generic Coprocessor architecture.
Pharos has designed a Modular & Full-stack Parallel L1 Blockchain Network, structured into three primary layers: L1-Base, L1-Core, and L1-Extension.
L1-Base: Delivers industry-leading data availability and hardware acceleration.
L1-Core: A high-performance, globally distributed blockchain network powered by decentralized nodes. These nodes provide high-throughput and subsecond finality, enabling real-time Web3 user experiences.
L1-Extension: Built on top of L1-Core, this layer supports network expansion across three dimensions:
Leverages heterogeneous computation to create custom Special Processing Networks (SPNs), capable of running blockchain networks, sidechains, or non-blockchain applications like HFT, ZKML, and AI models.
Enables Native Restaking to support rapid SPN creation, shared security, staking rewards, and slashing mechanisms. SPNs utilize the excess computing power of validators, providing flexibility in resource use while incentivizing upgrades.
Facilitates Cross-SPNs Interoperation, allowing infrastructure, middleware, and application-focused SPNs to communicate and collaborate effortlessly, fostering a highly modular and composable ecosystem.
The Pharos ecosystem is structured across three key layers:
Transaction Layer: Facilitates secure, confidential, and efficient cross-chain asset and account interactions via the secure and confidential cross-chain interoperability protocol.
Consensus Layer: Integrates with external restaking protocols through the Adaptive Restaking Interaction Protocol, enabling shared security and liquidity. This includes circulating assets like stBTC and stETH within the Pharos DeFi ecosystem.
Data Layer: Uses the Decentralized Data Exchange Protocol to synchronize and collaborate with external data centers, promoting innovative on-chain use cases like AI, FHE.
A modular stack is provided to support SPNs, Pharos L2/L3 systems. Each modular component is open-sourced and available to partners and developers for scaling and customization.
Performance benchmarks have been demonstrated on Geth, and future collaborations with ecosystem partners will help drive the development of Web3 infrastructure.
Several Node Types have been introduced to optimize security and performance. These nodes serve as key entry points for users and provide a robust, scalable, and decentralized blockchain network.
Pharos supports a multi-asset protocols to enhance security and liquidity, allowing seamless integration with restaking protocols like Babylon and Eigenlayer. Future updates will include more protocols, expanding interoperability and security across the network.
