BlockBeats News, May 20th, Web3 infrastructure company Succinct plans to launch the Succinct Prover Network architecture and the PROVE token. The network coordinates distributed provers to generate proofs for various applications, with PROVE serving as the utility token. The initial token supply is 1 billion, and proof providers are incentivized through staking, governance, and auction mechanisms to offer competitive pricing. The network adopts a vApp architecture, combining off-chain auction services and on-chain settlement contracts to provide a high-performance experience. Additionally, the Stage 2.5 version of the testnet is set to be released soon, supporting end-to-end deployment.
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