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Circle Acquires High-Performance Consensus Engine Malachite to Support Its Arc Network
Summary: Informal Systems announced today that its high-performance consensus engine Malachite has been acquired by global fintech company Circle Internet Group (CRCL) to support the launch of the Layer-1 blockchain network Arc, designed specifically for stablecoin finance. The integration of Malachite by Circle will enhance the performance, reliability, and security of stablecoin payments, further realizing the ...
Informal Systems announced today that its high-performance consensus engine Malachite has been acquired by global fintech company Circle Internet Group (CRCL) to support the launch of the Layer-1 blockchain network Arc, designed specifically for stablecoin finance. The integration of Malachite by Circle will enhance the performance, reliability, and security of stablecoin payments, further realizing the vision of a low-cost, borderless, trusted financial infrastructure. The Malachite codebase will continue to be maintained under the Apache 2.0 open-source license to ensure ongoing industry innovation.
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Link: Circle Acquires High-Performance Consensus Engine Malachite to Support Its Arc Network [Copy]
