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Boop.Fun leading the way with a new launchpad on Solana.
This isn't an L1 and its offensive to call it such.
It's a consortium chain, of private pre-approved validators, who even have permission to refund transactions via "dispute protocols"
They can't make it a true L1 when using USDC as the root token, because there are never economic incentives to be a faithful validator, and that's why they have to make it a private consortium.
This isn't decentralized. It's like PayPal's multi-vendor protocol, and you may as well just run it on databases that understand EVM code.
Blockchains exist because exploitative middlemen, like banks and transfer agents, take undue fees and apply undue censorship.
This industry was built to fix that in peer-to-peer systems, not by just building new banks.
12.8. klo 20.34
Introducing Arc, the home for stablecoin finance.
@Arc is an open Layer-1 blockchain purpose-built to drive the next chapter of financial innovation powered by stablecoins.
Designed to provide an enterprise-grade foundation for payments, FX, and capital markets, Arc delivers the performance, reliability, and liquidity builders need to meet global financial demands.
Arc features:
✅ USDC as native gas
✅ Built-in FX engine
✅ Deterministic sub-second finality
✅ Opt-in privacy
✅ Full Circle platform integration
Open, composable, and EVM-compatible, Arc is designed to interoperate seamlessly with the broader multichain ecosystem.
As part of our mission to advance blockchain infrastructure, we're excited to welcome the Malachite team and IP from @informalinc to Circle. Arc is built on Malachite’s high-performance consensus engine.
In line with our commitment to open-source development, the core software for Arc will be released under a permissive license, enabling the broader developer community to contribute, extend, and build on top.
Serving as foundational infrastructure for the internet, Arc will enable 24/7 global settlement that’s as seamless and native as messaging on the web.
Arc will enter private testnet in the coming weeks, with public testnet expected this fall.
Read the litepaper:
Let’s build the new internet financial system together:
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