Hassan Maishera
On Monday, the Alchemy Pay team announced via a blog post that it has unveiled its launch plan for its Layer-1 blockchain, Alchemy Chain. Built on a scalable Solana Virtual Machine (SVM) architecture, Alchemy Chain is designed to support the growing needs of Alchemy Pay’s business operations and revolutionize the integration of crypto and fiat payments.
According to Alchemy Pay, Alchemy Chain will introduce a high-scalability infrastructure designed to accommodate large-scale business applications, facilitating seamless interaction between on-chain operations and off-chain storage.
Alchemy Chain will leverage the Trusted Proof-of-Authority (TPoA) mechanism, which ensures the integrity and transaction speed of validating nodes. In addition, Alchemy Chain will integrate advanced Layer-2 solutions that enable seamless account mapping and data synchronization, minimizing redundant data storage and optimizing scalability.
Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is up 8% in the last 24 hours and trades at $0.01996.
