Circle acquires high-performance consensus engine Malachite to support its Arc network BlockBeats News: On August 18th, Informal Systems announced today that its high-performance consensus engine Malachite has been acquired by global fintech company Circle Internet Group (CRCL) and will be used to support the launch of the Layer-1 blockchain network Arc designed specifically for stablecoin finance. The integration of Malachite by Circle will enhance the performance, reliability, and security of stablecoin payments, further realizing the vision of low-cost, borderless, and trustworthy financial infrastructure. The Malachite code repository will continue to maintain the Apache 2.0 open source license to ensure continuous innovation in the industry.