$PROVE

What is the function of the PROVE token?

The token is integral to the Succinct Prover Network. It serves as the payment mechanism for ZKP generation. Provers must stake PROVE tokens to participate and are penalized if they fail to meet requirements. PROVE holders also participate in decentralized governance by voting on protocol decisions. The token aligns incentives, with provers earning fees and delegates earning a share for providing security.

Key features of Succinct and $PROVE

The network integrates Succinct's SP1 zero-knowledge virtual machine (zkVM), allowing ZKPs to be generated from standard programming languages. It creates a decentralized proving infrastructure by aggregating supply and demand and combines off-chain coordination performance with on-chain verification security.

Real-world applications

Succinct and the $PROVE token have various applications, including blockchain scaling (ZK Rollups), cross-chain bridges and oracles, AI and machine learning verification, identity and privacy applications, and enabling blockchains to offload computation while maintaining verifiability.

In summary, PROVE is the foundation of the Succinct Prover Network, supporting a trustless marketplace for ZKP generation and a decentralized ecosystem for verifiable computation.