@Succinct #SuccinctLabs $PROVE
Succinct Labs' mainnet successfully launched on August 5, marking a key step in decentralized zero-knowledge infrastructure. The project launched the Succinct decentralized proof network, allowing developers to integrate zero-knowledge proof (ZK Proof) functionality into various applications without having to build complex cryptographic systems themselves. On the day of the mainnet launch, the native token $PROVE was widely distributed through community airdrops and included in Binance's 31st HODLer airdrop, gifting 15 million PROVE to BNB holders. Currently, $P$PROVE is listed on Binance, with multiple trading pairs open for trading.
🚀 In terms of technical highlights, Succinct Labs' self-developed zero-knowledge virtual machine SP1 can improve the ZK proof generation speed by 4 to 28 times. SP1 Turbo can validate Ethereum mainnet blocks in just 40 seconds on a GPU cluster, with costs only a few cents. Its ZK light client supports state validation without the need to sync on-chain data and has successfully cross-chain validated Celestia and Avail block data on Ethereum, demonstrating strong cross-chain interoperability.
Succinct has built a dual-layer verification network architecture, combining off-chain task bidding + on-chain settlement, allowing developers to write any computational task in Rust/C++ and generate verifiable ZK proofs. This architecture ensures trustlessness while guaranteeing performance, making it suitable for scenarios such as Rollup scaling, AI computation, blockchain games, and privacy voting. Succinct also supports ZK verification of various cryptographic primitives, providing new solutions for identity authentication, oracle data verification, and machine learning.
🌐 Currently, over 35 partners have joined the Succinct ecosystem, including Polygon, Celestia, Avail, Taiko, etc., generating over 5 million proofs and providing security for over $4 billion in on-chain value. Succinct is rapidly becoming a key infrastructure in the multi-chain world, and its 'proof as a service' concept is leading the standardized development of ZK infrastructure.
💰 $PROccinct is the core incentive mechanism of the network, featuring four main functions: payment, staking, delegation, and governance. Developers need to use $PROVE to pay for computation costs, nodes stake to participate in bidding tasks, and users can earn rewards through delegation. Governance is conducted through proposals and voting to decide on upgrade directions, parameter changes, etc.
🎯 Currently, the Seed label has been obtained and multiple trading pairs are open, drawing attention to price trends. As more protocols use the Succinct network for ZK verification, $PRO technical enthusiasts can also participate in ecosystem building by running nodes or delegating staking, earning rewards while maintaining network security.
With its leading ZK technology and open mechanisms, Succinct Labs provides new possibilities for blockchain scaling and cross-chain interoperability. Are you optimistic about its future leading zero-knowledge infrastructure? Feel free to like, share, and comment to let more people know about #SuccinctLabs and $PROVE!
