If you still do not understand the value of $PROVE , I will tell you about its immense potential. To recognize the rising potential of $PROVE , you must first understand the strength of Succinct.
Recently, Vitalik Buterin forwarded an article regarding the release of SP1 Hypercube, and Succinct has once again gained attention; perhaps the architectural revolution of Ethereum will come soon.
Key information summary:
➢ SP1 Hypercube is the first zkVM to implement real-time Ethereum proofs.
➢ More than 93% of blocks are completed within 12 seconds, with an average time of 10.3 seconds.
➢ Compared to the SP1 Turbo product, SP1 Hypercube is up to 5 times faster on workloads.
➢ After the audit is completed, an open-source prover and cluster implementation will be released, allowing anyone to run their own real-time Ethereum prover.
Perhaps many people, like me, initially could not understand what these represented; it's okay, we will understand step by step.
1. Why does Ethereum need a revolution?
Ethereum's block generation time is one block every 12 seconds, but confirming a block requires waiting for 2 epochs, about 12-13 minutes.
Because there are about 900,000 validators on Ethereum, all validators need to re-execute all transactions (TX) in the block to reach consensus.
Long confirmation times and high gas fees are among the reasons why ETH is called an aristocratic chain; it is slow and expensive.
The world has long suffered under Ethereum.
2. What differences will Ethereum have after adopting zkVM?
If zkVM is adopted, the change lies in significantly reducing the time to confirm blocks.
It can be understood that the block generation time is still one block every 12 seconds, but all validators no longer need to repeatedly execute all the TX.
Instead, zkVM such as Succinct's SP1 will be used to execute TX and generate the execution result (ZKP).
All validators only need to verify this result (ZKP) once, and the time required is very short, almost negligible.
So after adopting zkVM, the entire process of generating and verifying blocks mainly depends on the speed of zkVM.
Ethereum's performance will be greatly enhanced.
What does the release of 3. SP1 Hypercube represent?
Previously, Succinct's product SP1 Turbo took an average of 4 minutes and 1 second to prove one Ethereum block.
After the release of the new SP1 Hypercube product, it only takes 12 seconds.
In other words, the entire process of generating and proving blocks on Ethereum using zkVM will be shortened from 12-13 minutes to 12 seconds.
It has shortened the time by a full 60 times.
Vitalik Buterin once mentioned that zkVM is an important direction for Ethereum Layer 1 scaling.
From this perspective, if Ethereum decides to adopt this path, the emergence of SP1 Hypercube will be an important step in enhancing Ethereum's performance.
The goal of Succinct: to make generating zero-knowledge proofs as simple as running a program on a computer.
It seems that they have indeed been doing such things all along.
"Succinct for everyone" is turning from vision into reality.
