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PenelopeThe Security Advantages of Monad
Background: Ethereum's Gas ModelIn the past three years, more than four billion dollars' worth of assets have been stolen due to on - chain vulnerabilities. These losses have become one of the biggest obstacles to the mainstream adoption of decentralized applications (DApps). The main reason is that the cost of implementing security measures for smart contracts on Ethereum is very high. While minimizing users' gas fees, Ethereum developers often face a difficult trade - off as they have to gi...
PenelopeStepping into the Spotlight: Crypto Founders and Brand Leverage
Claire Kart: Tech marketers often work behind the scenes, which is effective in many cases. However, in the crypto industry, technical founders are often silent, causing the team to miss opportunities for exposure. In this nascent industry, finding the right talent is like finding a needle in a haystack. That's why I chose to step into the spotlight. The crypto space particularly relies on marketing and community building, and users want to hear from executives. Recruitment is also challengin...
PenelopeTrump Takes Charge, Yet “Crypto Week” Stumbles
Tuesday’s procedural vote in the House ended 196–223, with thirteen Republican representatives joining Democrats to block the rule that would have allowed debate and advancement of the three crypto bills. Unless the House revises its rules, the legislation—hailed as the industry’s best chance at regulatory clarity—will stall before reaching substantive discussion. The Vision: Trump’s Personal Push Earlier in the week, Washington’s crypto circles were elated. Industry players expected smooth s...
PenelopeThe Security Advantages of Monad
Background: Ethereum's Gas ModelIn the past three years, more than four billion dollars' worth of assets have been stolen due to on - chain vulnerabilities. These losses have become one of the biggest obstacles to the mainstream adoption of decentralized applications (DApps). The main reason is that the cost of implementing security measures for smart contracts on Ethereum is very high. While minimizing users' gas fees, Ethereum developers often face a difficult trade - off as they have to gi...
PenelopeStepping into the Spotlight: Crypto Founders and Brand Leverage
Claire Kart: Tech marketers often work behind the scenes, which is effective in many cases. However, in the crypto industry, technical founders are often silent, causing the team to miss opportunities for exposure. In this nascent industry, finding the right talent is like finding a needle in a haystack. That's why I chose to step into the spotlight. The crypto space particularly relies on marketing and community building, and users want to hear from executives. Recruitment is also challengin...
PenelopeTrump Takes Charge, Yet “Crypto Week” Stumbles
Tuesday’s procedural vote in the House ended 196–223, with thirteen Republican representatives joining Democrats to block the rule that would have allowed debate and advancement of the three crypto bills. Unless the House revises its rules, the legislation—hailed as the industry’s best chance at regulatory clarity—will stall before reaching substantive discussion. The Vision: Trump’s Personal Push Earlier in the week, Washington’s crypto circles were elated. Industry players expected smooth s...
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Recent Updates on Fogo
April 7th: The Flames leaderboard went live!
April 1st: Fogo's testnet was launched, revealing the Fogo Flames play mechanism.
Light the Torch: At the end of each week, Flame allocations are calculated and granted. These allocations accumulate over time, contributing to users' total scores on the leaderboard. Complete tasks, stack flames, and become a contributor. Some actions are more valuable than others. The more you contribute, the higher you climb.
Introduction to Fogo
Fogo is an SVM L1 blockchain with a mission to achieve the best latency and bandwidth promised by Firedancer, enabling large-scale real-time experiences.
Fogo's Key Features
Interaction Speed: Under ideal conditions, Fogo's theoretical peak speed can reach 1 million interactions per second (with a block time of 20 milliseconds). The current developer network's actual throughput is around 54,000 TPS. For comparison, Solana's theoretical upper limit is 65,000 TPS, but its actual operating speed is around 4,300 TPS. It's worth noting that the MegaETH test network achieved a high-performance mark of 20,000 TPS with a block interval of 10 milliseconds. Existing centralized institutions can handle about 100,000 operations per second with interaction delays controlled within 1 second.
Other Notable Features
Multi-Regional Consensus Mechanism ("Solar Orbit" Model): Fogo innovatively divides validator nodes into multiple geographical "regions," each capable of semi-independent operation. Network control rotates among different regions according to predefined rules, preventing a single validator group from dominating long-term and thus enhancing decentralization. This design significantly improves consensus efficiency. Initially, Fogo will deploy 20-50 validator nodes as the initial consensus cluster.
Gas Fee Abstraction: Fogo allows users to use any tokens as network fees, eliminating the need to hold specific tokens (such as ETH or SOL). This significantly lowers the barrier to entry and enhances interaction flexibility.
Fogo Team
Doug Colkitt: Founder of Ambient Finance and co-founder of Fogo, previously a quantitative researcher at Citadel Securities.
Robert Sagurton: Co-founder of Fogo, previously Global Head of Digital Sales at Jump Crypto.
Fogo Financing
January 24, 2025: Fogo completed an $8 million community round of financing, with a valuation of $100 million.
December 31, 2024: Fogo completed a $5.5 million seed round of financing.
Summary of Fogo
As a new generation of Layer 1 blockchain platforms, Fogo, with its optimized SVM architecture, is committed to creating an efficient, low-cost interaction environment for global users. From a technical standpoint, Fogo demonstrates significant performance advantages. In terms of ecosystem construction, its unique community incentive mechanism and sustainable financing model also reflect forward-looking planning.
With continuous technological iteration and expansion of application scenarios, the project is expected to play an important role in the blockchain industry and further promote the large-scale implementation of distributed technologies.
Recent Updates on Fogo
April 7th: The Flames leaderboard went live!
April 1st: Fogo's testnet was launched, revealing the Fogo Flames play mechanism.
Light the Torch: At the end of each week, Flame allocations are calculated and granted. These allocations accumulate over time, contributing to users' total scores on the leaderboard. Complete tasks, stack flames, and become a contributor. Some actions are more valuable than others. The more you contribute, the higher you climb.
Introduction to Fogo
Fogo is an SVM L1 blockchain with a mission to achieve the best latency and bandwidth promised by Firedancer, enabling large-scale real-time experiences.
Fogo's Key Features
Interaction Speed: Under ideal conditions, Fogo's theoretical peak speed can reach 1 million interactions per second (with a block time of 20 milliseconds). The current developer network's actual throughput is around 54,000 TPS. For comparison, Solana's theoretical upper limit is 65,000 TPS, but its actual operating speed is around 4,300 TPS. It's worth noting that the MegaETH test network achieved a high-performance mark of 20,000 TPS with a block interval of 10 milliseconds. Existing centralized institutions can handle about 100,000 operations per second with interaction delays controlled within 1 second.
Other Notable Features
Multi-Regional Consensus Mechanism ("Solar Orbit" Model): Fogo innovatively divides validator nodes into multiple geographical "regions," each capable of semi-independent operation. Network control rotates among different regions according to predefined rules, preventing a single validator group from dominating long-term and thus enhancing decentralization. This design significantly improves consensus efficiency. Initially, Fogo will deploy 20-50 validator nodes as the initial consensus cluster.
Gas Fee Abstraction: Fogo allows users to use any tokens as network fees, eliminating the need to hold specific tokens (such as ETH or SOL). This significantly lowers the barrier to entry and enhances interaction flexibility.
Fogo Team
Doug Colkitt: Founder of Ambient Finance and co-founder of Fogo, previously a quantitative researcher at Citadel Securities.
Robert Sagurton: Co-founder of Fogo, previously Global Head of Digital Sales at Jump Crypto.
Fogo Financing
January 24, 2025: Fogo completed an $8 million community round of financing, with a valuation of $100 million.
December 31, 2024: Fogo completed a $5.5 million seed round of financing.
Summary of Fogo
As a new generation of Layer 1 blockchain platforms, Fogo, with its optimized SVM architecture, is committed to creating an efficient, low-cost interaction environment for global users. From a technical standpoint, Fogo demonstrates significant performance advantages. In terms of ecosystem construction, its unique community incentive mechanism and sustainable financing model also reflect forward-looking planning.
With continuous technological iteration and expansion of application scenarios, the project is expected to play an important role in the blockchain industry and further promote the large-scale implementation of distributed technologies.
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