#SuccinctLabs and $PROVE Succinct is building a decentralized prover network that enables anyone to build blockchain applications and infrastructure secured by cryptographic facts rather than trust. Founded in 2022 in San Francisco with $55 million raised from Paradigm, Robot Ventures, and Bankless Ventures, the platform provides highly available proof generation infrastructure for rollups, coprocessors, and other applications using zero-knowledge proofs. PROVE
What is Succinct (PROVE)?
Succinct offers a platform focused on zero-knowledge proofs, allowing users to generate proofs locally or utilize their prover network called SP1 for high performance. The platform operates a decentralized Prover Network - a two-sided marketplace where anyone can request proofs for software verification, and hardware operators can become provers to earn rewards.
Succinct addresses scalability, privacy, and verification challenges in blockchain applications by making zero-knowledge proof creation and verification efficient and accessible. The SP1 zkVM enables developers to write code in standard programming languages like Rust and generate zero-knowledge proofs automatically.
Core Innovation: Succinct unifies the proof supply chain, providing highly available proof generation infrastructure and competitive pricing for rollups, coprocessors, and other applications using zero-knowledge proofs, without requiring developers to have cryptography expertise.
