BlockBeats news, on August 18, Informal Systems announced today that its high-performance consensus engine Malachite has been acquired by the global fintech company Circle Internet Group (CRCL) and will be used to support the launch of the Layer-1 blockchain network Arc, designed specifically for stablecoin finance. Circle's integration of Malachite will enhance the performance, reliability, and security of stablecoin payments, further realizing the vision of low-cost, borderless, trusted financial infrastructure. The Malachite codebase will continue to be maintained under the Apache 2.0 open source license, ensuring ongoing innovation in the industry.
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Circle acquisition of the high-performance consensus engine Malachite to support its Arc network
BlockBeats news, on August 18, Informal Systems announced today that its high-performance consensus engine Malachite has been acquired by the global fintech company Circle Internet Group (CRCL) and will be used to support the launch of the Layer-1 blockchain network Arc, designed specifically for stablecoin finance. Circle's integration of Malachite will enhance the performance, reliability, and security of stablecoin payments, further realizing the vision of low-cost, borderless, trusted financial infrastructure. The Malachite codebase will continue to be maintained under the Apache 2.0 open source license, ensuring ongoing innovation in the industry.