Alchemy Pay: Plans to launch L1 public chain Alchemy Chain
Alchemy Pay, a provider of cryptocurrency payment services, announced plans to launch its own L1 public blockchain, stating that the blockchain will target large-scale commercial applications. The L1 blockchain will be called Alchemy Chain and will be built on the Solana (SOL) virtual machine architecture. According to the announcement on December 11th, the new L1 will provide a payment system that allows users to trade with both fiat currency and cryptocurrency.
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