Crypto
Circle Unveils Proprietary L1 Blockchain Arc, Not a Hotel Raises $100 Billion
Circle has announced the launch of its proprietary L1 blockchain 'Arc', which features validators from major players like BlackRock and Visa.
NOT A HOTEL, backed by Toyota and SBI, has raised $100 billion in funding and will promote its 'NOT A GARAGE' initiative.
Circle's Arc is a Layer 1 (L1) blockchain that enables high-speed transactions while maintaining scalability. The launch of Arc marks Circle's entry into the L1 space, where it competes with Ethereum and other major blockchains.