How should Pharos be introduced? If it is positioned as a high-performance parallel EVM L1 public chain, it is easy for people to equate Pharos with high-performance parallel EVM L1/L2 such as Monad and MegaETH, and mistakenly think that its ecological construction will also play abstract games centered on the "Z era community", ignoring its solid application scenarios in the RWA field. If it is positioned as RWA L1 AppChain, it will confuse Pharos with other L1 AppChain based on Cosmos SDK secondary development, ignoring the paradigm innovation value carried by its new species level block production process and nanosecond level block production efficiency. So, we must gather the cognitive fragments of high-performance parallel EVM public chains and RWA application scenarios 🧩， Only by doing so can we avoid having a one-sided understanding of Pharos like a blind man touching an elephant. one ️⃣ Cognitive Fragments 🧩 1/2: Harros' high-performance parallel EVM public chain architecture Before analyzing Pharos' technical architecture, let's first clarify one question: why is the primary market valuation of the high-performance parallel EVM project Monad/MegaETH in the same track so expensive? Or, why are VC firms in the primary market willing to pay such a high premium for the high-performance parallel EVM technology primitive? The key to understanding the underlying logic of this market phenomenon is to approach it from the perspective of blockchain economics, recognizing Ethereum's blockchain space rent economy system and Solana's practical Peter Thiel's "0-1" technology economy philosophy. In this cycle, Solana has gained a competitive advantage over the Ethereum ecosystem (L1+L2) in multiple dimensions such as block space utilization, ecological activity, and secondary market price performance, once again verifying the economic common sense in the field of block economics: technological innovation>land rent economy. So, public chain developers used new encryption technology primitives such as modular public chains, modified Hotset consensus mechanism, parallel EVM, AVS, ZK co processors, etc., to optimize and reconstruct the block production process, improving block efficiency from millisecond level to nanosecond level. Looking at the technical documentation of Monad/MegaETH/Pharos, we can observe the following technical logic: Ethereum/Celestia/Solana ➡️ Monad/MegaETH/Pharos The commonality of the new generation high-performance parallel EVM project Monad/MegaETH/Pharos lies in inheriting the modular architecture, parallel transaction processing, consensus and execution decoupling, and DB database read/write index optimization design ideas of Ethereum/Celestia/Solana, while conducting multi-level optimization and reconstruction to develop a new technological paradigm, Realtime Blockchain. After completing the above cognitive framework construction, we will be confident when analyzing Pharos' technical architecture. Although Pharos' technical documentation is hardcore and difficult to digest, it still follows the common methodology of the new generation of high-performance parallel EVM projects, innovating in four stacks: modular architecture, parallel transaction processing, consensus and execution decoupling, and DB database read-write index optimization: Modular architecture: Pharos adopts a classic modular architecture design consisting of an execution layer, consensus layer, data availability layer, and clearing layer, with a native parallel extension scheme Pharos SPN (Dedicated Processing Network). Compared with traditional subnet and L2 solutions, Pharos SPN has advanced features such as high security, second level final confirmation, and support for complex heterogeneous computing. Decoupling consensus and execution: Pharos has made profound modifications to the Byzantine consensus mechanism, revolutionizing the consensus process by eliminating the proposal voting stage. In the classic Byzantine consensus process, each epoch is submitted by one validator (Leader), while Pharos' consensus process allows all validators to freely submit blocks simultaneously. Pharos further eliminates the fixed block generation time, allowing validators to flexibly propose blocks in response to workloads and network environments. After breaking through the bottleneck of consensus efficiency through the modified Byzantine consensus mechanism, Pharo decoupled consensus and execution using optimistic execution and Pipeline finality solutions. The implementation of Pipeline finality is to first divide TX's finality into sorting finality, transaction finality, and block finality, and then assign different priorities to different finalities before parallelizing them. Parallel transaction processing: Pharos' parallel transaction processing is implemented through Pharos VM. The core components of Pharos VM are the Scheduler scheduling engine and Executor execution engine. The Scheduler scheduling engine is the core component for parallel scheduling and executing transactions, utilizing optimized algorithms to achieve maximum parallelism and minimal conflicts. The Executor execution engine has dual virtual machine (EVM and WASM) engines that enable fast and flexible execution of smart contracts. DB database read-write index optimization: Pharos has developed the first blockchain native and verifiable storage solution, Pharos Store, through three major innovations: authentication data structure, version based index addressing, internal compression, page storage, and Delta encoding to minimize "state inflation". Compared with traditional blockchain storage solutions, Pharos Store achieves a throughput of up to 15.8 x and saves 80.3% of storage costs The parallel EVM architecture of Pharos enables its performance to be faster and stronger compared to its competitors on the same track, with a maximum TPS of 5 times that of MegaETH and 8 times that of Monad. And in the production environment, this performance can also be maintained without any discount. two ️⃣ Cognitive Fragments 🧩 2/2: Application scenarios of Harros RWA Similarly, before analyzing the RWA application scenarios of Pharos, we also need to first understand why RWA seems to have suddenly become the hottest narrative/track in 25 years. Whenever RWA is mentioned, the crypto fundamentalist community carries out moral condemnation in the name of "kowtowing from decentralization to centralization". The views of these 'people in traps' are not worth refuting. The other two widely circulated views, "RWA equals tokenization of US bonds" and "RWA is the cryptocurrency market providing liquidity for old money to exit," also have a narrow perspective. After cognitively reading Professor Meng Yan's latest interview article on RAW, I tend to believe that RWA and stablecoins are the two major strategic levers for the Trump administration to build a new order of the US dollar currency system based on encryption. This means two things: 1. RWA will not be limited to scenarios such as US bond tokenization, gold tokenization, and private credit in the future, but will definitely expand to a wider range of asset categories, including but not limited to US stocks, MBS bonds, AI computing power and data assets, green energy assets, and so on; The RWA field will become the forefront of competition between East University and West University in the new financial order. Pharos, with a top-level team background on Alibaba Chain, has a complete RWA Fi protocol stack, built-in KYC/AML module and legal entity binding function, allowing institutions to issue compliant assets with just one click - an "enterprise level toolbox" that MegaETH and Monad cannot match; On the other hand, Pharos can directly call AntChain's cross-border payment channel and Sesame Credit data source, forming a dimensionality reduction strike combination of "national team resources+public chain openness". The entry of Pharos and the clarification of the regulatory framework in the United States will disrupt the current RWA and turn it into BlackRock Hashnote、 The market pattern of a few whale institution toys, such as Franklin Templeton, unleashes the large-scale growth potential of RWA and brings more opportunities for ordinary retail investors to participate. Complete the collection of the above two cognitive fragments 🧩 After completing the task, I believe everyone has a complete and comprehensive impression of Pharos. At present, Pharos has only completed an $8 million seed round financing led by Hack VC, which is seriously undervalued compared to Monad/MegaETH. The value discovery opportunities contained therein are worth your attention.