Welcome Prove, I would say welcome Hodler but wait a minute we can't say welcome to hodler because it never left. The 11th hodler airdrop project of Binance TR is #PROVE, friends. Hodler is pouring down on us one after another.

Binance TR, users participating in Flexible and/or Locked participation in Staking products earned $PROVE as an airdrop.

At the same time, the Succinct project, namely PROVE, has been listed in the Turkish lira trading pair on Binance TR. @BinanceTR

Prove has a total supply of 1 billion, with an initial circulating supply of around 195 million. Succinct is known as the first platform to provide zero-knowledge proofs (ZKP) production over a decentralized network. It has a structure that offers proof verification tasks externally without developers or applications needing to set up their own ZK infrastructure.

Let's illustrate.

Suppose a developer has created an application that works as a ZK rollup on Ethereum. This application allows users to transfer ETH quickly and cheaply. However, it needs to produce a zero-knowledge proof (ZKP) at the end of each transaction block, which is technically complex and costly.

💎The developer connects to the Succinct network instead of setting up their own ZKP infrastructure.

💎The application sends a proof production request to the Succinct network at the end of each block.

Independent provers (proof producers) within the Succinct network bid for this job.

The prover that offers the lowest price and the fastest delivery time wins. For example, they promise delivery in 2 seconds for 0.03 PROVE tokens.

💎The selected prover creates the proof using SP1 (Succinct’s own ZK VM).

The proof is sent to the application and written to the #Ethereum network.

The application pays the selected prover 0.03 PROVE.

If the prover cannot deliver the proof on time, slashing is applied (for example, 10% is deducted from their stake), this is important. I think it's a nice move. I will follow their performance.

My research and analysis are the product of my own labor. It cannot be copied. This content is not investment advice. It contains risks and does not constitute a recommendation. It is for informational purposes only. Due to brand names, #free #Advertisement