Circle Acquires High-Performance Consensus Engine Malachite to Support its Arc Network

BlockBeats News, August 18th, Today Informal Systems announced that its high-performance consensus engine Malachite has been acquired by the global financial technology company Circle Internet Group (CRCL), to be used to support the launch of the Layer-1 blockchain network Arc designed specifically for stablecoin finance.

Circle's integration of Malachite will enhance the performance, reliability, and security of stablecoin payments, furthering 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.