Deep Tide TechFlow news, on August 19, according to ChainWire, its 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 launch its 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 members of the Informal team will join Circle to advance the development of Arc, and Informal will continue to support the development of other Malachite applications and blockchain technologies.