Pharos Testnet Complete Guide

A Simple Guide to Discovering What’s Next for Blockchain  

Pharos Testnet is a 1st, EVM-friendly Layer 1 blockchain made to help support real world assets (RWAs), decentralized finance (DeFi), and apps (dApps). Since it can handle up to 30,000 transactions per second (TPS) with one-second finality, Pharos gives a scalable and good platform for both developers and users.

Key Features of Pharos Testnet

• High Performance: Processes up to 30,000 TPS with one-second finality.
  

• EVM Compatibility: Allows Ethereum developers to deploy applications seamlessly.
  

• Scalability: Supports billions of users with reduced storage usage by 80%.
  

• Security and Compliance: Incorporates decentralized AI, privacy-preserving SPN, & ZK-based KYC/AML capabilities.

How to Join the Pharos Testnet

Connect Your Wallet

• Visit the Pharos Testnet Portal.

• Click on Connect Wallet at the top-right-corner.

• For OKX Wallet users, the process is straightforward.

• For other EVM-compatible wallets e.g MetaMask, navigate to the Add Testnet Manually section and click Add Now to proceed.

Claim Testnet Tokens

• After connecting your wallet, claim up to 0.2 Testnet tokens every 24 hours.

• These tokens are essential for interacting with the Pharos Testnet features.

• If you need additional tokens, visit the Faucets page for more options.

Complete Task

• On Chain Task: Engage in activities like swaps & adding liquidity, and sending tokens to explore the network capabilities.

• Social Task: Link your X (formerly Twitter) and Discord accounts to participate in promotional activities.

• Daily Check In: Log in daily Pharos Testnet page and earn rewards and track your progress.

Invite Friends

• Share your exclusive Pharos Testent referral link found on the Experience Referrals page.

• When your friends join and complete task, you will receive additional rewards, which will be reflected in your level.

Real-World Applications

With Pharos Testnet, we get a look at what will soon emerge in the world of blockchain. Many applications use Hadoop since it has a high performance and can be scaled easily.

• Lira Exchange supports the use of DEXs with centralized order books, advanced features and reasonable fees.

• Real-Time Payments allows for easy and convenient payments that settle in just one second and are economical.

• Tokenized value Allows the representation of real assets such as real estate and commodities as tokens on the blockchain.

• Uses decentralized AI and provides DePIN services to promote progress in various areas.

Follow the Community

Pharos Testnet is not only a platform, but also a community of people interested in exploring blockchain. Taking part in the Testnet helps you improve the scalability, security and efficiency of the blockchain ecosystem.

Try to follow what the community is sharing through their official X (formerly Twitter) page.

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