#fogo $FOGO @Fogo Official đ„ What Is Fogo (FOGO)?
Fogo is a high-performance Layer-1 blockchain built for ultra-fast on-chain trading and DeFi (decentralised finance). It runs on the Solana Virtual Machine (SVM), which makes it compatible with many Solana-based apps and tooling but aims to be significantly faster and smoother. ïżœ
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đ§ Key features:
Solana VM compatibility â developers can port projects easily. ïżœ
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Very fast block times (~40 milliseconds) and finality ~1.3s â much quicker confirmations than typical chains. ïżœ
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Optimised for trading/DeFi â especially for real-time order books, derivatives, and competitive execution. ïżœ
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Session keys and gas optimisations â UX improvements like fewer wallet prompts and near-gasless interactions in supported dApps. ïżœ
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FOGO uses a multi-local consensus and collocated validators in strategic data centers to minimise latency, though this approach is a trade-off versus broader decentralisation. ïżœ