What is the Succinct Prover Network?
The Succinct Prover Network offers a permissionless platform for provers and requesters, using a vApp architecture for Web2-like speed and Web3 verifiability. Proof contests, an all-pay auction mechanism, balance cost and decentralization. Stage 2.5 enhances this with top hardware teams and open-source prover tools.
Why $PROVE Stands Out
Prove is a utility token for payments, staking to secure the network, and governance. Its role in proof contests promotes a decentralized prover ecosystem, with Stage 2.5 airdrops increasing participation.
What Does $PROVE Do?
Prove serves critical functions within the Succinct Network:
Payments: Used by requesters to pay provers for proof generation.
Network Security: Secures the network through staking, deterring griefing and ensuring accountability.
Incentives: Encourages provers to invest in infrastructure and lower costs.
Governance: Empowers stakers to influence network parameters, transitioning to onchain governance.
These roles make Prove essential for the network’s scalability and efficiency.
