#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.
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GalaChain has released a new version of the White Paper, transitioning from RaftConsensus to BFTConsensus
BlockBeats news, on October 23, GalaChain announced the new GalaChain Decentralization White Paper developed in collaboration with LF Decentralized Trust. This White Paper represents a turning point for Gala and a comprehensive four-stage strategy to transform GalaChain into a fully decentralized ecosystem. The key highlights of the new White Paper include: Migrating from Raft Consensus to BFT Consensus: Transitioning from the Raft Consensus Mechanism to a more decentralized Byzantine fault tolerance (BFT) Algorithm. This upgrade drops the risk of single point failures and enhances the network's ability to resist targeted attacks. GalaChain Improvement Proposals (GIP): The GIP framework will enable the community to propose and vote on changes, thereby driving continuous improvement and adjustment of GalaChain's functionality based on actual needs and collective vision.