Circle Internet Group Acquires Malachite Consensus Engine for Blockchain Network

According to BlockBeats, Informal Systems announced that its high-performance consensus engine, Malachite, has been acquired by global fintech company Circle Internet Group (CRCL). The acquisition aims to support the launch of Arc, a Layer-1 blockchain network specifically designed for stablecoin finance. Circle's integration of Malachite is expected to enhance the performance, reliability, and security of stablecoin payments, advancing the vision of a low-cost, borderless, and trustworthy financial infrastructure. The Malachite codebase will remain under the Apache 2 source: https://www.binance.com/en/square/post/28488307460210?utm_source=BinanceNewsRSS