Fogo launches public testing network for high-speed Layer1 SVM chain, supporting on chain transactions

BlockBeats News: On July 22nd, according to The Block, the Layer1 blockchain project Fogo, created by former Wall Street executives, launched its public testnet on Tuesday. The first contributors stated that the architecture aims to replicate the execution standards of traditional finance (TradFi) in a decentralized form, providing real-time transaction execution and on chain transaction infrastructure suitable for institutional scale.