Arc Blockchain Explained: Everything You Need to Know About Circleโs Layer 1
๐ Arc is a new Layer 1 blockchain developed by Circle, specifically designed for stablecoin finance, with major backing from Wall Street giants like BlackRock and Visa.
๐ฐ It utilizes USDC for gas fees, ensuring predictable transaction costs and addressing issues like volatile gas prices and uncertain settlement times in existing blockchain infrastructures.
๐ EVM-compatible, Arc allows developers to leverage familiar Ethereum tools while prioritizing privacy and offering deterministic sub-second finality for fast and secure transactions.
๐ Arc is a new Layer 1 blockchain developed by Circle, specifically designed for stablecoin finance, with major backing from Wall Street giants like BlackRock and Visa.
๐ฐ It utilizes USDC for gas fees, ensuring predictable transaction costs and addressing issues like volatile gas prices and uncertain settlement times in existing blockchain infrastructures.
๐ EVM-compatible, Arc allows developers to leverage familiar Ethereum tools while prioritizing privacy and offering deterministic sub-second finality for fast and secure transactions.