Succinct announces $PROVE as the native token of its prover network

#Succinct plans to launch $PROVE as the native token for its Ethereum-based zero-knowledge prover network. The token will pay provers for generating proofs and serve as staked collateral, which can be slashed for delays or malicious behavior. Holders will also govern key network parameters like emissions, auctions, and fees.

Succinct Network is a decentralized protocol that coordinates a distributed network of provers to generate zero-knowledge proofs.

👉 theblock.co/post/354970/paradigm-backed-succinct-prove-token