#fogo $FOGO
Fogo is a high-performance Layer-1 blockchain built to run ultra-fast decentralized finance (DeFi) and on-chain trading applications. It’s based on the Solana Virtual Machine (SVM) — meaning it’s compatible with Solana tooling and smart contracts — but optimized for very low latency to serve traders and financial apps better than many existing chains. �
⚙️ Key Technical Features
SVM Compatibility: Developers can often bring Solana DApps to Fogo with minimal changes. �
Ultra-fast Block Times: Around 40 milliseconds per block with ~1.3-second confirmation times — much faster than many blockchains. �
Low-Latency Design: Network design (including colocated validators and specialized consensus) aims to reduce delays in order execution and transaction processing — key for trading. �
“Fogo Sessions”: A user-friendly feature that allows gas-free or simpler signing experiences when interacting with dApps, improving UX. �