Fogo launches high-performance Layer 1 SVM chain public beta network with a block time of 40 milliseconds

Odaily News Fogo, a Layer 1 blockchain founded by former Wall Street executives, announced on Tuesday that its public beta network is officially online. Fogo aims to bring the execution speed of traditional finance to the field of decentralized finance without sacrificing decentralization and composability. The team said that the Fogo network can achieve 40 millisecond block times and provide unique advantages for on-chain trading products through native infrastructure and vertical integration. Other innovations include reducing MEV risks, co-location node architecture for real-time transaction execution, and improved session-based account management experience. Fogo plans to be the first to fully deploy the Firedancer validator client. It currently uses the Frankendancer hybrid client and will gradually transition to Firedancer. (The Block)