Circle acquisition of Consensus Engine Malachite aids the development of the stablecoin new public chain Arc.

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[Chain News] 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 original team members will join Circle to advance Arc's development, and the original company will continue to support other Malachite applications and the development of Blockchain technology.

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BlockchainRetirementHomevip
· 08-19 02:50
Is Circle stablecoin going to set up on its own?
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ChainComedianvip
· 08-18 16:28
The new suckers play people for suckers machine is officially launched~
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GasGrillMastervip
· 08-18 16:28
It seems that Circle is going to make a big move.
View OriginalReply0
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