Circle acquisition of Malachite engine boosts stablecoin Blockchain Arc development

[Coin World] On August 18, it was reported that a company's high-performance BFT consensus engine Malachite has been acquired by Circle to support the launch of the new open-source Layer-1 blockchain network Arc, which focuses on stablecoin finance and is expected to go live on the testnet later this year. Malachite uses the Tendermint algorithm, and its modular design enhances performance, reliability, and security while remaining open source to promote industry innovation. Some team members from the company will join Circle to advance the development of Arc, and the company will continue to support other Malachite applications and the development of blockchain technology.

ARC-2.39%
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SnapshotBotvip
· 08-18 16:50
Wow, circle got a new toy!
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MidnightSellervip
· 08-18 16:48
The stablecoin world is about to stage a grand performance.
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DoomCanistervip
· 08-18 16:31
This wave of Circle is very stable.
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SnapshotLaborervip
· 08-18 16:27
The stablecoin is causing trouble again; let's see how many people get fooled.
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