Among these domestic consortium chains, Alibaba's Ant Chain has taken the most radical and open action. Previously, it established a separate Web3 brand ZAN, and last week Ant Group also directly issued electric vehicle RWA assets in Hong Kong. Therefore, everything is ready in terms of public chain technology, brand, and channels, but there is still a lack of a real public chain carrier. Therefore, Ant Chain CTO Zhang Hui came out with a historical mission to create a high-performance L1 public chain @ charos_network, so Pharos is actually the public chain version of Ant Chain.. Zhang Hui was the first to set up a blockchain laboratory in the Ali Dharma Institute, and then was responsible for the entire blockchain business of Ant Group. He is also a P2P computer doctor at the University of Southern California, so he is a top leader in the whole domestic blockchain field. He just complained about the serious brain drain in the currency circle, but now Zhang Hui's direct entry of All In has boosted confidence. However, the biggest problem for many Web2 executives to do projects in the currency circle before is that they are not acclimatized to local conditions, but at present, Pharos may not have this problem. Firstly, it is worth noting that Pharos' core member group is Ant Group+Solana+Ripple+OKX+HackVC+Lightspeed. In addition to Zhang Hui from Ant Group, Laura was responsible for marketing and led the first generation of mobile phones at Solana, Matthew was responsible for ecological business at Ripple, Sally was at OKX, and then received $8 million in leading investments from Tier 1 HackVC in the cryptocurrency industry and Tier 1 Lightspeed in the United States. So this team composition is very diverse, and it will be well addressed in terms of adapting to the local environment. The main feature of Pharos is its design of a high-performance modular parallel full stack L1. Parallel blockchain is not new, but there is no standard definition of what level of parallelism is. Pharos proposed the concept of parallelism DP to measure the parallelization ability of public chains, with the lowest DP0 being pure linear execution such as Bitcoin and Ethereum, and the highest DP5 directly supporting GPU, TEE, and FHE accelerators at the node hardware computing power level to comprehensively improve network parallelism and security. Currently, most parallel blockchains are in the DP2 to DP3 stage, which uses staged pipeline processing to achieve transaction parallelism and increase throughput. Pharos' architecture design is based on DP0. According to Zhang Hui, the migration of Alibaba's trading system, which has been able to withstand the peak of Double 11 for many years, to the public chain was carried out. Pharos' main application scenarios are RWA and payment, which happen to be Alibaba's strengths. In terms of RWA, Pharos, like Plume, has built KYC and AML modules into the public chain, allowing institutions to issue compliant assets with just one click. This path has already been practiced by Ant Group. Payment itself is also Alibaba's strength, as it can directly call Ant Chain's cross-border payment channel and Sesame Credit data source. Therefore, Pharos is a combination of national team resources and open public chains, and may be isolated from Alibaba as an independent entity to carry out Crypto's overseas business in the future.