Ant Group launches Layer 2 blockchain Jovay and virtual machine DTVM

Ant Group announced in Dubai the launch of the Layer2 blockchain Jovay for overseas markets, a high-performance and trustworthy blockchain platform specifically designed for RWA transactions. It adopts a three-phase hierarchical confirmation mechanism to ensure transaction verifiability, supporting a throughput of 100,000 TPS and an on-chain response time of 100 milliseconds. Additionally, Ant Group's open-source next-generation blockchain virtual machine DTVM (DeTerministic Virtual Machine) made its debut. DTVM integrates the large language model development framework SmartCogent and is fully compatible with the Ethereum ecosystem, eliminating cross-platform development language barriers for RWA scenario developers.