news
RWA network Pharos lands a $1 billion valuation in $44M funding round ahead of mainnet debut
📰 sources⭐ 9.0
TL;DR:
The company is building an "asset-native" network designed to handle regulated financial activity at scale, targeting a market it values at $50 trillion.
Key Points:
Background:
Protocol upgrades involve changes to a blockchain's underlying code to add features, improve performance, or fix security issues. Major upgrades like Ethereum's transition to Proof-of-Stake or Bitcoin's Taproot activation represent significant technical milestones in blockchain evolution.
Why It Matters:
Protocol upgrades can fundamentally change how a blockchain operates, affecting scalability, security, and functionality. These technical improvements drive long-term value and competitiveness of blockchain networks in the rapidly evolving crypto ecosystem.