ZKP Technology: Privacy and Scalability for Web3

Succinct specializes in Zero-Knowledge Proofs (ZKPs), which are one of the most promising cryptographic technologies in Web3. By mid-2025, ZKPs will allow one party (the provider) to prove to another party (the verifier) that a statement is true without revealing any additional information. This opens up two key opportunities:

Privacy: ZKPs enable private transactions or proof of asset ownership without disclosing transaction details, which is a huge step forward for confidentiality in blockchain.

Scalability: ZKPs can be used to create "rollups" — a technology that allows millions of transactions to be processed off-chain and then generates a single, easily verifiable ZK-proof on-chain. This significantly increases blockchain throughput and reduces fees, making it accessible for mass adoption. Succinct makes this complex technology available to everyone by offering it as a service. #PROVE $PROVE