Informal Systems has announced the acquisition of its high performance consensus engine, Malachite, by Circle Internet Group, Inc. (NYSE: CRCL) to support the launch of ARC1, a new network of layer 1 blockchain specifically designed for Stablecoin finance. The ARC network should make its debut in Testnet later this year, taking advantage of the Consensus engine tolerant to the Byzantine defects in Malachite (BFT), (…)
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Informal Systems’ Malachite Acquired by Circle to Power New Arc Blockchain Network for Stablecoin Finance
