Odaily Planet Daily News: Fogo, a Layer 1 blockchain founded by former Wall Street executives, announced on Tuesday that its public beta network is officially online. Fogo aims to introduce the execution speed of traditional finance into the field of decentralized finance without sacrificing decentralization and composability. The team said that the Fogo network can achieve a 40-millisecond block time and provide unique advantages for on-chain trading products through native infrastructure and vertical integration. Other innovations include reducing MEV risks, co-location node architecture for real-time transaction execution, and improved session-based account management experience. Fogo plans to be the first to fully deploy the Firedancer validator client. It currently uses the Frankendancer hybrid client and will gradually transition to Firedancer. (The Block)