$PROVE enables top institutions like Paradigm to invest $55 million, and the core is not the hype of 'new coins,' but that it truly solves a major problem with zero-knowledge proofs (ZK) — making this good technology no longer 'unreachable.'
ZK is actually very useful and can solve the privacy and scalability issues of blockchain, but in the past, using it had a shockingly high threshold. Ordinary projects either had to set up a bunch of computing power servers themselves, which was costly and troublesome; or developers had to struggle with low-level code, which was impossible without hardcore technology.
The Succinct behind $PROVE is here to 'lower the barrier.' It has done two key things:
First, it created a 'decentralized Prover network.' This is like turning 'everyone buys their own car' into 'ride-sharing' — everyone no longer needs to buy servers themselves, sharing the computing resources of this network cuts costs in half, and actually improves efficiency, making it affordable for smaller projects.
Second, it released the SP1 tool. This is like handing developers a 'shortcut': no more struggling with complex low-level code; by using this tool directly, they can quickly create applications like privacy payments and on-chain identity verification, significantly lowering the entry difficulty.
In short, what capital values is not the name 'new coin,' but that it transforms ZK from 'laboratory technology' into 'a tool that anyone can use.' This ability to truly lower industry barriers and promote technology implementation is what deserves real financial backing.
