I have spent the last few days looking into new Layer 1 blockchains. The market is full of them, but most are just copies of each other. However, @Fogo Official caught my attention because it is actually trying to solve the speed issue properly.
Here is my breakdown of why this project stands out.
The Core Technology: SVM
The biggest selling point for me is that Fogo utilises the Solana Virtual Machine (SVM). This is important because:
Speed: It allows for parallel processing, meaning the network does not get clogged when many people use it.
Efficiency: It keeps the costs low, which is what every user wants.
Proven Tech: Instead of inventing something weird and new, they are using a proven engine that developers already know.
Why Performance Matters Right Now
We have seen many chains fail because they could not handle high traffic. $FOGO seems to be built specifically for high performance. In my opinion, the future belongs to chains that are fast and cheap.
My Final Verdict
I am not just blindly following the hype. I looked at the architecture, and it makes sense. If they keep delivering on their roadmap, this could be a very strong competitor in the L1 space.
I am going to keep holding and watching their development closely.
