Circle has announced plans to launch Arc, its own enterprise-focused Layer 1 blockchain. Arc will serve as a high-performance base for stablecoin payments, foreign exchange (FX), and capital markets applications. Despite boasting 10,000 TPS capability, Arc faces criticism for its consortium chain model.

Circle has announced plans to launch Arc, its own enterprise-focused Layer 1 blockchain. Arc will serve as a high-performance base for stablecoin payments, foreign exchange (FX), and capital markets applications. Despite boasting 10,000 TPS capability, Arc faces criticism for its consortium chain model.

Source: https://cryptoslate.com/circle-to-launch-l1-blockchain-called-arc-sparking-concerns-over-centralization-and-governance/