Evolution from Glacier to Naviga stage

AQR Capital Management is one of the earlier investment banks to study the application of blockchain technology. As early as 2017, AQR started to study the “potential use of blockchain in the trading environment”.
In June 2017, AQR’s original blockchain core R&D personnel resigned to form a smart chain team.

In November 2017, after months of thinking and technical tackling by
the team, the draft V1.0 of the Ferrari Smart Chain White Paper was
born on a cold winter day. This is the famous “a deep integration of
decentralized technology and centralized mode.” Financial Agreement” paper.

In December 2018, the glacier Glacier, the first prototype design of
the Ferrari smart chain, was born, starting the ice-breaking journey
of inclusive distributed finance, which marked an important step
towards the financial world. At Glacier, we put forward the concept of
decentralized financial protocol and scenario finance, and proposed a
forward-looking design for building a decentralized financial industry
ecosystem, and realized one of the few DEX prototypes in the industry at that time.

After two years of iterative upgrades, in July 2020, the Ferrari smart
chain officially entered the Naviga stage of navigation. Compared
with the previous stage, Naviga’s grand voyage stage introduced smart blockchain merger governance, realized expansion consensus technology,and developed a core-level smart contract technology compatible with Ethereum. The goal of Naviga’s grand nautical phase is to complete the layout of DeFi product projects and the operation of the test network.