#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
Paradigm-supported Succinct completes the World Chain verification pilot, paving the way to become a ZK rollup.
Gate News bot message, Succinct, which received investment from Paradigm, has completed a seven-day World Chain Mainnet verification pilot.
The pilot project uses cryptographic proofs to validate each transaction and block without the need to re-run the entire blockchain. This indicates that even large networks based on OP Stack, such as World Chain, can ultimately become a ZK rollup.
"World Chain has challenged us to prove that ZK can operate at their scale," said Uma Roy, co-founder of Succinct, in a statement. "By completing this pilot project, we have demonstrated that the technology is ready for production, paving the way for World Chain to become a ZK rollup when the time is right."
World Chain is an Ethereum-based, EVM-compatible Layer 2 blockchain supported by Tools for Humanity, co-founded by Sam Altman. Succinct points out that among the OP Stack-based chains, its activity is only surpassed by Base and OP Mainnet, with over 5 million active users and a TVL exceeding $250 million each month.
The team stated: "Until today, people still believe that due to the limitations of zero-knowledge proof (ZK), large blockchains must adopt an optimistic rollup architecture." This pilot used Succinct's OP Succinct system (a lightweight integrated system that allows any OP Stack Rollup to become a ZKrollup) and 800 GPUs to prove that ZK technology is ready for application in large-scale blockchains in the real world.
Source: The Block