Ant Group Launches RWA Transaction Blockchain Jovay and Virtual Machine DTVM

BlockBeats News, May 1st, Ant Group announced in Dubai the launch of the Layer2 blockchain Jovay for the overseas market. Jovay is a high-performance trustable blockchain platform designed for RWA transactions. It adopts a three-stage hierarchical confirmation mechanism to ensure transaction verifiability, supports a throughput of 100,000 TPS, and a 100ms on-chain response time. It will be a crucial piece of Ant Group's "two-chain-one-bridge" architecture. This move signifies that RWAs will enter the era of "millisecond-level trustable transactions."

Furthermore, Ant Group's open-source next-generation blockchain virtual machine DTVM (DeTerministic Virtual Machine) made its debut. DTVM integrates the SmartCogent large language model development framework and is fully compatible with the Ethereum ecosystem, eliminating the "language barrier" for RWA scenario developers across different platforms.