@Fogo Official #FogoChain $FOGO
Lots of blockchains say they can handle a number of transactions per second. These numbers sound really good when you read about them.. When you actually use blockchain you do not really feel the transactions, per second. What you notice is that it takes a time to confirm things transactions are delayed and applications are slow to respond. You expect things to happen fast. Blockchain applications do not always work that way. Blockchain is used by people and they want blockchain to be fast so they can use blockchain easily.
@Fogo Official is a network that is made using the basics as Solana. It works perfectly with the Solana Virtual Machine. This means that people who make apps can easily move their existing apps to @Fogo Official without having to start over again. It makes things easier for the people who build things on @Fogo Official. It helps the whole @Fogo Official system grow faster. The @Fogo Official network is really good, for builders because it is easy to use and it works well with the Solana Virtual Machine.
Fogo does not just focus on making software. It also looks at the limitations of blockchain networks. Sometimes the problem is not the software it is the distance, between the people who check the blocks and the computers they use. When these people are really apart it takes longer for them to talk to each other. This is what causes latency. Blockchain networks have latency because of this distance and the old computers they use. When the people who check the blocks the validators take a time to talk to each other the whole blockchain network feels slow. Fogo is trying to make blockchain networks better by looking at these limitations of blockchain networks.
Fogo solves this problem by putting validators into groups that work close together. This makes it easier for them to talk to each other and things happen faster. When validators are close to each other people can get confirmation of their transactions quickly. Fogo also uses software that helps the validators work really well with the hardware they are using. This means that when a lot of people are using the network at the same time Fogo validators can still handle everything and keep things moving quickly. Fogo validators are able to do this because the software is very good, at helping them work efficiently.
The FOGO token is really important in the system. It is used to pay for transaction fees. For staking. The FOGO token does not give you any ownership or a share of the profits. People who validate and delegate they use their FOGO tokens to help keep the network safe. They get rewards, for doing this and making the network more stable. The FOGO token is used by validators and delegators to make the network work better.
The thing about DeFi is that it really needs to work. I mean we are talking about execution speed here. This is especially important for DeFi. Things like on chain order books and auctions and liquidation systems, for DeFi need to be done on time.
DeFi depends on getting things done precisely and quickly. If there are small delays this can affect how well DeFi works and whether users trust DeFi.
Fogo is not trying to compete on headline metrics. The main goal of Fogo is to deliver a blockchain that feels fast and reliable and smooth when people use it every day. Fogo does not focus on chasing numbers. Instead Fogo focuses on building infrastructure that works well for Fogo developers and Fogo users.