Succinct Labs is revolutionizing blockchain infrastructure with its decentralized prover network and the PROVE token. The network enables developers to request zero-knowledge proofs (ZKPs) for various applications, including rollups, bridges, and AI agents, enhancing scalability and privacy. With over 35 partners and more than $4 billion secured across 1,700+ programs, Succinct is establishing itself as a cornerstone in the ZKP ecosystem. (AInvest)
The PROVE ken serves multiple functions within the network:
Payments: Users pay provers in $PRO$PROVE generating proofs.
Staking: Provers stake $PROVE$PROVE ticipate in proof auctions, earning rewards for successful proof generation.
Governance: Staked tokens grant voting power on protocol decisions, ensuring decentralized governance.
Succinct's SP1 zkVM is a high-performance, open-source virtual machine that allows developers to write programs in Rust and generate ZKPs efficiently. It supports recursion and on-chain verification, making it suitable for various blockchain applications.
With its innovative approach and robust infrastructure, Succinct Labs is paving the way for a more scalable and privacy-focused blockchain ecosystem.