🔸️Circle Internet Group acquires the Malachite consensus engine for the blockchain network
🔸️According to BlockBeats, Informal Systems announced that its high-performance consensus engine, Malachite, has been acquired by the global fintech company Circle Internet Group (CRCL). The acquisition aims to support the launch of Arc, a first-layer blockchain network specifically designed for stablecoin financing.
🔸️The integration of Malachite with Circle is expected to enhance the performance, reliability, and security of stablecoin payments, strengthening the vision of a low-cost, borderless, and reliable financial infrastructure. The Malachite codebase will remain under the open-source Apache 2.0 license, ensuring continued innovation within the industry.
