Circle has launched the Arc mainnet, a Layer 1 network whose validator set includes BlackRock, DTCC and Visa, according to Decrypt. The network currently uses a permissioned validator model, meaning participation in transaction validation is restricted rather than open to all network participants. Circle has also minted 10 billion ARC tokens connected to the network. However, the company has not committed to making those tokens available through a public launch. The mainnet launch places Arc and its ARC token in focus, while leaving the timing and conditions of any public token release unresolved. The project’s validator structure and token plans are key details for market observers assessing the network’s early development.
Source
Decrypt
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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