Demex Daily #271: Alchemy Pay Launches Alchemy Chain for Crypto and Fiat Payments

What’s Interesting Today:

Alchemy Pay has unveiled its Layer-1 blockchain, Alchemy Chain, built on a scalable Solana Virtual Machine architecture to enhance the integration of crypto and fiat payments. This blockchain facilitates seamless interactions between on-chain transactions and off-chain storage, featuring a Trusted Proof-of-Authority mechanism for enhanced security and speed. Users can pay gas fees with the utility token $ACH or fiat currency, and the platform will introduce tools like the Meme Launchpad for creating meme projects and a Telegram bot for developers. Alchemy Chain aims to support large-scale business applications and promote broader adoption of digital currencies, making crypto payments more accessible.

Trade SOLANA SOL-PERP on Demex!

Circle and Inco Network have introduced the Confidential ERC-20 Framework, an encrypted solution designed to enhance privacy on public blockchains while ensuring regulatory compliance. Utilizing Fully Homomorphic Encryption (FHE), this framework transforms standard ERC-20 tokens into confidential versions that conceal transaction amounts and balances from public view. It allows secure transactions within the Ethereum Virtual Machine (EVM) and enables authorized parties to access necessary transaction details without compromising user privacy. The framework supports various applications, including payroll processing and peer-to-peer payments, and integrates compliance measures within smart contracts. Open-sourced for community development, it aims to foster innovation in privacy-focused decentralized finance.

Trade ETHEREUM ETH-PERP on Demex!