Intelligent Fin.tech Issue 25 | Page 57

B L O C K C H A I N
S O L U T I O N S

B L O C K C H A I N

S O L U T I O N S

ALCHEMY PAY UNVEILS ALCHEMY CHAIN LAUNCH PLAN : A TRANSFORMATIVE LAYER-1 BLOCKCHAIN FOR THE FUTURE OF PAYMENTS

Alchemy Pay , a world-leading crypto payment solutions provider , has unveiled its launch plan of 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 revolutionise the integration of crypto and fiat payments .

Alchemy Chain is positioned to become a cornerstone of the evolving payment landscape by enabling seamless interaction between Blockchain-based transactions and off-chain storage . Its ultimate goal is to establish a system where fiat currencies and cryptocurrencies coexist without friction , enhancing transparency , security and efficiency in cross-border settlements .
Alchemy Chain will introduce a highscalability infrastructure specifically crafted to accommodate large-scale business applications , facilitating seamless interaction between on-chain operations and off-chain storage . Its architecture is engineered to process transactions rapidly and efficiently , ensuring flexibility and reliability as Alchemy Pay ’ s user base continues to expand . At the heart of the Blockchain ’ s security and transparency is an innovative 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 synchronisation , minimising redundant data storage and optimising scalability .
$ ACH will serve as the utility token of Alchemy Chain , allowing users to pay gas fees . Users can conveniently cover gas fees and transactions using either $ ACH or fiat , with seamless conversion of profits and other on-chain earnings into fiat currency . Additionally , Alchemy Chain will implement a stablecoin revenue mechanism , providing users with the opportunity to earn yield effortlessly .
The launch of Alchemy Chain will also introduce two critical tools aimed at simplifying processes for developers and their eco-projects . The Meme Launchpad offers an intuitive platform designed to lower technical barriers , facilitating the creation and launch of meme-based projects . Meanwhile , the Meme Telegram Bot provides a streamlined , ‘ light mode ’ interface for developers to navigate and interact with the ecosystem effortlessly .
Alchemy Chain will further Alchemy Pay ’ s mission to build a cohesive , frictionless payment system , bridging fiat currencies and cryptocurrencies . Looking ahead with Alchemy Chain , Alchemy Pay reaffirms its dedication to advancing the integration of cryptocurrencies into everyday financial systems . By leveraging cutting-edge blockchain technology , Alchemy Chain will help make crypto payments more accessible , supporting the broader adoption of digital currencies and contributing to the development of the global crypto ecosystem . �
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