What is Fogo?
Fogo is a Layer 1 blockchain based on the SVM with a primary mission: to serve as a complete infrastructure for on-chain trading. Unlike other general-purpose blockchains that host everything from NFTs to games, Fogo's architecture is vertically integrated to specifically optimize financial transactions.
The main objective of Fogo is to eliminate the trade-offs between speed and decentralization. It incorporates a technology stack that includes a selected set of validators, native price feeds, and a "dedicated" decentralized exchange (DEX). This allows traders to enjoy instant executions similar to platforms like Binance, while maintaining full self-custody of their assets.
Fogo operates on the Solana Virtual Machine (SVM), known for being able to perform many tasks at the same time. However, Fogo adds three special features to further enhance performance in trading.
Purpose of less than a second: transactions are confirmed almost instantly.
Hyperscalability: ability to handle hundreds of thousands of transactions per second, avoiding congestion.
