Latest news with #Fogo
Crypto Insight
5 days ago
- Business
- Crypto Insight
Firedancer will speed up Solana, but it won't reach full potential
Solana's next-generation validator client, Firedancer, may not reach full speed on the network it was built for as technical limits push developers to test it elsewhere. One of those developers is Douglas Colkitt, a former high-frequency trader who's testing a hybrid validator setup called Frankendancer on Fogo, a Solana-compatible chain built to remove the constraints that currently prevent Firedancer from reaching its full potential on Solana. Colkitt, a founding contributor at Fogo, said the new blockchain isn't trying to replace Solana but does discard some of Solana's core assumptions, such as globally distributed validator sets, to showcase how far Firedancer can go when speed takes priority over decentralization. The push to run Firedancer outside Solana highlights a deeper split in blockchain infrastructure: the tension between decentralization and speed. These two have long been trade-offs, but more builders are now choosing to prioritize speed. Why Firedancer can't go full speed on Solana yet Jump Trading developed Firedancer, a high-performance validator client aimed at boosting Solana's throughput and reducing latency. But according to Colkitt, Solana's architecture includes technical constraints that limit how fast Firedancer can operate in practice. 'If you have two clients running on the same network, you can only go as fast as the slowest client because otherwise the network risks halting,' he told Cointelegraph. 'It's like driving a Ferrari in city traffic — no matter how fast the car is, you're limited by the speed of the other vehicles around you.' Solana currently supports two main validator client implementations: Agave and Firedancer. Agave is running on about 90% of validators as of Friday. Meanwhile, Firedancer is still in a transitional phase as Frankendancer, a hybrid combining Agave and Firedancer. It accounts for about 10% of validators, up from 7% in April. Frankendancer's hybrid approach allows for a gradual adoption of Firedancer's improvements without risking network stability. Solana's network relies on a globally distributed set of validators. This geographic decentralization strengthens security by preventing any single party or region from gaining excessive control. It also enhances censorship resistance and resilience against localized outages or attacks. This also means that decentralization comes with performance trade-offs. Data and consensus messages must travel long distances, resulting in unavoidable network latency. Even with optimized software like Frankendancer and the fastest hardware, Solana's block time remains around 400 milliseconds. 'Trading firms absolutely need something faster than 400 milliseconds. If you have events like a [Federal Reserve] announcement or nonfarm payrolls, you want to be closer to that data to trade off of it,' Colkitt said. Solana is also working to reduce latency. On Thursday, the Solana Foundation unveiled a roadmap aiming to establish the 'Internet Capital Market' by 2027, targeting millisecond-level control over transaction ordering in smart contracts. Firedancer's real-world test outside Solana Colkitt traces his entry into crypto back to 'DeFi Summer.' He was working on an automated market maker project on Ethereum and its emerging rollups. 'The Ethereum chains weren't sufficient for what we wanted to do,' Colkitt said, explaining why he left the Ethereum ecosystem in search of alternatives better suited for high-frequency trading. 'We spent a lot more time playing politics — which L2 do we go to? How do we get L2 support? — that kind of distracted from building the core products.' This fragmentation held back innovation compared to the simplicity and unified liquidity of early Ethereum, Colkitt said, which was more apparent in Solana. However, Solana is still relatively young. It produced its first block in March 2020. Traditional financial institutions are slower in embracing newer blockchain platforms like Solana, Colkitt said, adding that banks still remain comfortable primarily within Ethereum-compatible ecosystems. On the demand side, Colkitt pointed to projects like Hyperliquid, which push the limits of current blockchain infrastructure. 'Hyperliquid owns 90% plus of the market in decentralized perpetuals trading,' he noted. 'But that kind of ultra-low latency, high-throughput trading experience just doesn't reliably work on Solana today because of block times and network stability.' Fogo, which launched its testnet on Tuesday, uses Solana-based technology to compete with chains like Hyperliquid. Built on the Solana Virtual Machine, it is compatible with projects currently running on Solana. Fogo currently runs on Frankendancer, with plans to transition fully to Firedancer when ready, unlocking the validator client's full potential. When asked about the timeline, Colkitt gave a 'very rough guess' of the end of this year. Fogo is targeting its mainnet launch in September. Firedancer's true potential outside Solana Next-generation low-latency networks like Fogo and Hyperliquid are pushing the boundaries to match the speed demands of modern trading. Projects like MegaETH also promise near-instant transactions, targeting emerging sectors such as decentralized physical infrastructure nextworks that require real-time execution. What unites these chains is a willingness to make trade-offs, dialing back decentralization to scale. Fogo intentionally reduces the geographic distribution of validators to gain this speed advantage. 'What we're doing with Fogo is spinning up validator nodes in a few key global locations — Tokyo, London and New York — to reduce latency between them,' he said. 'By co-locating validators closer together geographically, we can push Firedancer to achieve much faster block times than Solana's globally distributed validator set allows.' This trade-off sets the stage for an important experiment. Firedancer's true potential will likely never be fully unlocked on Solana itself, a network that remains constrained by its global validator set and commitment to decentralization. Instead, the testbed for what ultra-fast, high-performance blockchain infrastructure can truly achieve comes at the cost of decentralization. However, Solana is not standing still. Its recently unveiled 2027 roadmap aims to bring the blockchain closer to traditional finance standards. Source:
Associated Press
22-07-2025
- Business
- Associated Press
Fogo Launches Public Testnet: Fastest Layer 1 Blockchain Sets New Bar for Onchain Trading
Former TradFi executives from Jump, JP Morgan, Citadel, and Morgan Stanley launch the fastest Layer 1 blockchain to date CAYMAN ISLANDS, July 22, 2025 (Bitwire) -- Today, Fogo, an L1 blockchain enabling the greatest onchain trading experience with unprecedented speed, near-instant finality, and scalability, officially announced the launch of its public Testnet, introducing the fastest Layer 1 chain to date. Created for traders by a team of veteran traders from Citadel, JP Morgan, Morgan Stanley, and Jump, Fogo is the first Solana Virtual Machine (SVM) chain to feature native multi-local consensus and enshrined dApps built directly into the protocol, and will become the first live implementation of the Firedancer validator client in its purest form. 'With the launch of this Testnet, we're officially rewriting the standard for what DeFi has to offer,' said Douglas Colkitt, Initial Fogo Contributor and formerly at Citadel. 'We've rebuilt the trading stack from the ground up to build upon what Hyperliquid has made possible and bring it to the SVM ecosystem. With vertical integration, real-time latency, and fee-free execution, Fogo gives top traders and builders a new performance frontier that's fully onchain and fully prepared to deliver the next generation of performance-first blockchains.' Unlike most blockchain projects chasing speed with compromise, Fogo was engineered from the ground up to deliver institutional-grade execution without sacrificing decentralization or composability. This, combined with native infrastructure and vertical integration, positions Fogo as the first true performance-focused alternative to Hyperliquid. Key features and differentiators of Fogo include: 'Fogo represents a new wave of performance-maximized infrastructure,' said Kain Warwick, founder of Infinex and Fogo partner. 'For traders who care about execution, latency, and fairness, this is a major milestone and the evolution that DeFi desperately needs.' Fogo's public Testnet launch comes on the heels of a community-first funding round via Echo in January 2025, where the protocol raised $8M in just under two hours. Crypto investor Cobie called it 'a first' for Echo deals, praising Fogo's token distribution that favors the community over insiders. A private Testnet launched on March 31, 2025, following a Devnet rollout in January. The Fogo Testnet is an open invitation for developers, traders, and protocol builders to start experimenting with its vertically integrated architecture. The network is built to handle institutional-scale throughput with unmatched responsiveness, merging the speed and determinism of TradFi with the open, decentralized ethos of crypto. The Fogo Testnet is now live. Learn more about Fogo, access Testnet, and get signed up for future updates at About Fogo Fogo is the fastest L1 blockchain designed to deliver the greatest onchain trading experience. With its unique architecture and Firedancer implementation, the chain offers low latency, near-instant finality, and unparalleled scalability. As a purpose-built blockchain, Fogo incorporates a carefully constructed, vertically integrated tech stack. This includes a curated validator set, native price feeds, an enshrined DEX, and multi-local consensus validators to create a truly differentiated trading environment. Backed by a team of trading and engineering experts and driven by a vision to redefine what's possible, Fogo is setting the standard for high-performance blockchain infrastructure, perfectly balancing the decentralization vs performance tradeoff whilst maximizing performance and maintaining global censorship resistance. ### Media Contact: Melrose PR [email protected]
Business Upturn
01-07-2025
- Business
- Business Upturn
Fogo de Chão is Giving Away Over $500,000 in Free Meals to Celebrate the Launch of New 'Brazilian Surf & Turf' Limited-Time Experience
DALLAS, July 01, 2025 (GLOBE NEWSWIRE) — Fogo de Chão, the internationally renowned restaurant from Brazil known for its elevated churrasco dining experience, is turning up the heat this summer with the launch of its new $59 Brazilian Surf & Turf menu, available for a limited-time. To celebrate the launch and kick-off Hot Brazilian Summer, Fogo is giving away over $500,000 in complimentary meals, inviting guests to enjoy a dinner that feels like a getaway. The limited-time menu includes a selection of Fire-Roasted Cuts, including: the best cuts of Brazil like Picanha, the prime part of the top sirloin, and Fraldinha, the bottom sirloin known for its strong marbling characteristics and robust flavor, and more, along with a choice of a Butter-Bathed Lobster Tail™ or an All Jumbo Lump Crab Cake. The Brazilian Surf & Turf experience also includes classic Brazilian sides and seasonal selections from the Market Table like plant-based proteins, imported charcuterie, and fresh soups and salads, bringing guests a seasonal variety of nutrient-dense offerings. Starting today through August 4, select Fogo Rewards members will be surprised weekly with one of the 10,000 complimentary $59 Brazilian Surf & Turf experiences, selected at random, accessed with purchase*. The Brazilian Surf & Turf menu is available at all U.S. Fogo locations for a limited-time, bringing the flavors of a faraway escape to the table and creating feel-good moments that let guests indulge in a mini getaway, no travel required. Launching alongside the limited-time menu offering is the Hot Brazilian cocktail. The sweet, spicy, and refreshingly bold drink is crafted with Reposado, citrusy Tempus Fugit liqueur, fresh lime juice, and a sweet-spicy splash of mango habanero, finished with a striking black lava salt rim and mint garnish. Available exclusively by request, guests can enjoy the Hot Brazilian in the bar, dining room, or out on the patio at all U.S. locations by request only through July 30. 'This summer, many guests are craving experiences that feel like an escape without having to go far from home,' said Barry McGowan, Chief Executive Officer at Fogo de Chão. 'At Fogo, we're delivering our most indulgent limited-time experience yet, offering 10,000 complimentary meals for rewards members and a curated Brazilian Surf & Turf experience that brings together our favorite cuts of Brazil and indulgent seafood. It's joy, connection, and celebration—like stepping into the vibrant energy of Brazil, without ever leaving town.' Going beyond the traditional points-based rewards model, Fogo Rewards enhances the dining journey with personalized benefits that begin immediately after enrollment. Members can choose from a wide selection of rewards, including complimentary chilled seafood appetizers, indulgent cut upgrades, and exclusive offers like $1 Caipirinhas every Tuesday at participating locations*. For more information about Fogo de Chão's rewards program, menu offerings or to make reservations, please visit *Must be a Fogo Rewards member. Complimentary Surf & Turf Experience redemption requires purchase of another Full Churrasco, Indulgent Churrasco, or Brazilian Surf & Turf Experience ** Available where permitted by law. $1 Caipirinha not permitted in GA, IN, MA, MI, MO, NJ, NM, NY, OH, PR, VA, or WA. In markets where legal, includes your choice of lime, strawberry hibiscus or passionate caipirinhas. In all other markets, includes your choice of non-alcoholic refillable beverage. Available every Tuesday at the bar and dining room at participating U.S. or Puerto Rico Fogo de Chão locations. Must be purchased with a food item. Limit 2 per person. Hours and offerings subject to change in compliance with local and/or state liquor laws. Must be 21 years of age or older to consume alcohol in the United States. Offer subject to change without notice. This advertisement is not valid where prohibited by law. About Fogo de Chão Fogo de Chão (fogo-dee-shown) is an internationally renowned restaurant from Brazil that elevates the culinary art of churrasco – the art of roasting high-quality cuts of meat over an open flame – into a cultural dining experience. Fogo is famed for its prix fixe Full Churrasco Experience that offers a continuous selection of premium cuts butchered daily by gaucho chefs, simply seasoned and grilled to create a craveable salty bark, then carved tableside. The naturally gluten-free Market Table offers a selection of seasonal salads, charcuterie, exotic fruit, superfoods and more. From celebratory to everyday occasions, Fogo provides selections for every daypart, including All-Day Happy Hour at Bar Fogo, Weekday Lunch, Dinner, and Weekend Brazilian Brunch. Guests can enhance their experience with offerings ranging from a shareable Wagyu New York Strip, South American wines, and more. For locations and to book a reservation to experience the fire of Fogo, visit Fogo de Chão invites guests to indulge in its $59 Brazilian Surf & Turf experience, which features its Butter-Bathed™ Lobster Tail. Fogo de Chão invites guests to experience the spirit and energy of Brazil this summer with its $59 Brazilian Surf & Turf experience. Fogo de Chão invites guests to experience its best cuts of Brazil as part of its $59 Brazilian Surf & Turf experience. Fogo de Chão invites guests to indulge in its $59 Brazilian Surf & Turf experience, which features its All Jumbo Lump Crab Cake. MEDIA CONTACT:Konnect Agency [email protected]
Yahoo
10-06-2025
- Entertainment
- Yahoo
Fogo de Chão Celebrates Dads this Father's Day with a Chance to Win a Custom Churrasco Grill
All Dads Dining On Father's Day Receive $25 off Two Churrasco Experiences For Future Visits, Plus A Chance to Win an At-Home Grill DALLAS, June 10, 2025 (GLOBE NEWSWIRE) -- Fogo de Chão, an internationally renowned Brazilian restaurant celebrated for its elevated churrasco dining experience, invites guests to experience a sizzling celebration for Dads on Father's Day. This Father's Day, all Dads who dine in-restaurant will receive $25 off Two Churrasco Experiences to be redeemed on a future visit,* and one lucky Dad will be selected to win their very own at-home churrasco grill.** Crafted by the same makers of Fogo's proprietary open-flame Churrasco grills that deliver the brand's signature salty bark™ to every select cut, one special dad will become his family's own very Gaucho grill-master - sharing fire-roasted flavors with family and friends, no reservations required. Guests can indulge in Fogo's signature Full Churrasco Experience, which includes a continuous selection of premium fire-roasted cuts carved tableside by gaucho chefs, including the house specialty Picanha —the prime part of the top sirloin, alongside the abundant Market Table which offers a selection of seasonal salads, candied bacon, charcuterie, exotic fruits, and superfoods like the Apple Manchego Salad and Beet tartare. On Father's Day, brunch items will be served until 2:00 pm, including made-to-order omelets, Belgian waffles, Brazilian sausage, imported charcuterie and more. Guests can toast with a Passion Fruit Mimosa and the Fogo Bloody Mary or opt for indulgent upgrades like the Butter-Bathed™ Lobster Tail, All Jumbo Lump Crab Cake, Roasted Bone Marrow, and Black Truffle Butter. Families can also choose the Indulgent Churrasco Experience, which includes a premium enhancement and dessert, blending impeccable flavors and culinary innovation to create an unforgettable experience that dads are sure to love. Kids under 6 eat free, and those aged 7-12 dine half price, making Fogo the perfect destination for the whole family on Father's Day. For more information about Fogo de Chão's menu offerings or to make reservations, please visit *Guests will receive $25 off 2 full churrasco or indulgent churrasco dinners, or $15 off 2 full churrasco or indulgent churrasco lunches, valid 1 per table Monday-Thursdays only.**Guests who dine at Fogo on Father's Day will have a chance to opt in to win a churrasco grill by joining Fogo Rewards or by being a Fogo Rewards member. About Fogo de ChãoFogo de Chão (fogo-dee-shown) is an internationally renowned restaurant from Brazil that elevates the culinary art of churrasco – the art of roasting high-quality cuts of meat over an open flame – into a cultural dining experience. Fogo is famed for its prix fixe Full Churrasco Experience that offers a continuous selection of premium cuts butchered daily by gaucho chefs, simply seasoned and grilled to create a craveable salty bark, then carved tableside. The naturally gluten-free Market Table offers a selection of seasonal salads, charcuterie, exotic fruit, superfoods and more. From celebratory to everyday occasions, Fogo provides selections for every daypart, including All-Day Happy Hour at Bar Fogo, Weekday Lunch, Dinner, and Weekend Brazilian Brunch. Guests can enhance their experience with offerings ranging from a shareable Wagyu New York Strip, South American wines, and more. For locations and to book a reservation to experience the fire of Fogo, visit de Chão invites dads to celebrate this Father's Day with a chance to win an at-home Churrasco grill. For reservations, visit MEDIA CONTACT:Konnect AgencyFogoPR@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Fogo de Chão to Open First Location on the Las Vegas Strip at The Venetian Resort
Upcoming Opening Will Mark Fogo de Chão's Second Location in Las Vegas LAS VEGAS, May 29, 2025 (GLOBE NEWSWIRE) -- Fogo de Chão, the internationally renowned restaurant from Brazil known for its elevated churrasco dining experience, today announced the signing of a lease agreement for its second location in Las Vegas, Nevada, at the esteemed resort, The Venetian. The 14,000 square-foot space, set to open in December 2025, is situated at 3355 S Las Vegas Blvd right on the lively Las Vegas Strip. 'Signing a lease for The Venetian Resort is an incredible milestone for Fogo de Chão. The Venetian is synonymous with elegance, world-class hospitality, and immersive experiences – values that align perfectly with our vision,' said Barry McGowan, Chief Executive Officer of Fogo de Chão. 'We are honored to become a part of this iconic destination and can't wait to bring our one-of-a-kind dining experience to even more Las Vegas visitors soon.' The new restaurant at The Venetian will showcase two spacious dining areas built around an open churrasco grill, one located upstairs and the other downstairs. In each dining area, guests can enjoy a full 360-degree view of gaucho chefs expertly butchering, hand-carving, and grilling premium cuts of protein over an open flame. At the heart of each dining area, the Market Table will offer a vibrant selection of seasonal salads, fresh superfoods, cured meats, antipasti, and more. Designed to elevate the guest experience, the restaurant will feature inviting social spaces integrated throughout Bar Fogo and the dining areas, encouraging guests to relax, engage, and enjoy All-Day Happy Hour in a warm, conversational atmosphere. Adding to the indulgent offerings, dry-aged meat lockers will showcase exceptional cuts such as the 32 oz. Long-Bone Tomahawk Ribeye, aged for at least 42 days to enhance its deep, rich flavor. For more information about Fogo, please visit About Fogo de ChãoFogo de Chão (fogo-dee-shown) is an internationally renowned restaurant from Brazil that elevates the culinary art of churrasco – the art of roasting high-quality cuts of meat over an open flame – into a cultural dining experience created for all diet tribes. Fogo is famed for its prix fixe Full Churrasco Experience that offers a continuous selection of premium cuts butchered daily by gaucho chefs, simply seasoned and grilled to create a craveable salty bark, then carved tableside. The naturally gluten-free Market Table offers a selection of nutrient-dense seasonal salads, charcuterie, exotic fruit, superfoods and more. From celebratory to everyday occasions, Fogo provides selections for every daypart, including All-Day Happy Hour at Bar Fogo, Weekday Lunch, Dinner, and Weekend Brazilian Brunch. Guests can enhance their experience with offerings ranging from a shareable Wagyu New York Strip, South American wines, and more. For locations and to book a reservation to experience the fire of Fogo, visit new location in Las Vegas is set to open in 2025 at The Venetian Resort. de Chão's new Las Vegas restaurant will feature expansive dining rooms located both upstairs and downstairs. Bar Fogo and dining room areas will feature multiple social gathering spaces, carefully integrated to elevate the guest experience at the new Las Vegas location. Photos accompanying this announcement are available athttps:// MEDIA CONTACT:ICR for FogoFogoPR@
