Succinct is an infrastructure platform designed to help developers easily access and deploy Zero-Knowledge Proof (ZKP) technology - a solution that allows for fast, secure, and censorship-resistant transaction processing.

The project provides tools to build and deploy ZK applications with any proof system, simplifying the process with one-click deployment. The network infrastructure of Succinct also supports flexible customization and modification to meet various development needs.

A standout feature is the zkVM SP1, a high-performance open-source zk virtual machine (zkVM) with flexible functionality. SP1 is built with a modular architecture that allows for deep customization—unlike traditional zkVMs that often use fixed logic and closed source.

SP1 allows the integration of pre-compiled functions into its core logic, enhancing flexibility and improving proof generation performance.

Succinct is currently developing the Succinct Prover Network, a decentralized proof network capable of powering large-scale ZK services like rollups, co-processors, and future infrastructure-level applications.

Succinct provides a standardized interface that allows developers to easily build applications using any zkVM or open-source proof system. Proof generation can be decentralized to the decentralized proof network, reducing costs, maintaining performance, and increasing censorship resistance through economies of scale.

The founding team of Succinct includes experienced tech experts like John Guibas (co-founder) and Kjue (ZKP technology engineer). In March, the project raised $43 million in a Series A funding round led by Paradigm, bringing the total capital raised from seed and Series A rounds to $55 million.

Succinct is also supported by major funds such as Robot Ventures, Bankless Ventures, Geometry, ZK Validator, along with notable angel investors like Sreeram Kannan, Sandeep Nailwal, Daniel Lubarov, and Elad Gil.

PROVE Token Information

  • Token Name: Succinct

  • Symbol: PROVE

  • Total Supply: 1,000,000,000 PROVE

  • Maximum Supply: 1,000,000,000 PROVE

  • Airdrop Rewards for HODLers: 15,000,000 PROVE (1.5% of total supply)

  • Circulating Supply at Binance listing: 195,000,000 PROVE (19.5% of total supply)

PROVE is the native token of the decentralized prover network, focusing on processing zero-knowledge proofs (ZK) on Ethereum. This is a significant milestone for the project - funded by Paradigm with $55 million - in building a solid infrastructure for ZKP technology.

PROVE plays a central role in the network's operations, from service payment, security deposits to governance participation. Validators must stake PROVE to join the network, ensuring accountability and quality through a penalty mechanism for late or invalid proofs.

The system is built on a verifiable application (vApp) model, separating off-chain execution from on-chain settlement, optimizing performance while maintaining verifiability. Fees are transparently allocated: 95% to the winning prover, 4% to the delegator, and 1% to the protocol treasury.

In addition to payments, PROVE also supports network governance, allowing token holders to influence parameters such as token issuance, auction design, and fee structure.

The launch of PROVE not only marks a major advancement for Succinct but also reflects the momentum of ZKP infrastructure - paving the way for verifiable and high-performance decentralized applications.

System Architecture of Succinct

The Succinct platform provides a decentralized proof environment to standardize, enhance performance, and reduce costs through:

  • Proof Standard: This is the common framework that allows the integration of any ZKP system into the platform, as long as it adheres to the predetermined rules and logic.

  • Proof Marketplace: A marketplace for trading proofs, where provers can earn rewards by providing computational power from CPU and GPU systems.

  • Proof Aggregator: A tool that aggregates proofs from various verification systems to minimize verification costs.

To create and verify test prints, the integrated test printing system in Succinct follows common standards from the Proof Standard.

Then, the prover participates in generating proofs and profits from the Proof Marketplace to offset computational costs. Ultimately, the verifier uses the Proof Aggregator to aggregate proofs, reducing costs and increasing processing efficiency.

Succinct can develop applications in various fields:

  • Blobstream: DA solution on Ethereum.

  • Telepathy: An interactive cross-chain protocol using zk-SNARK proof structure.

  • Tendermint X: A lightweight version of Tendermint.

Challenges Addressed by Succinct

Challenges in the blockchain space

Currently, cross-chain bridges are continuously being hacked. Moreover, the launch of Blast highlights issues with multi-signature as users notice a lack of fraud proof in many Layer 2 solutions.

To address these issues, Succinct emphasizes the motto 'Programmable Truth.' The current blockchain structure is based on cryptographic proofs. ZK proofs are seen as the only way to achieve a new, more secure, scalable, and innovative blockchain architecture.

ZK proofs are very important but overly complex

Currently, deploying ZK proofs requires a lot of customization. Succinct recognizes that the solution lies in zkVM, so they developed SP1 to address this issue. Developers can deploy Rust code into production environments, monitor, and request proofs, making API configuration easier. Succinct also provides an integrated proof browser.

Fragmentation in the ZK proof field

Current ZK proof-based DApps require developers to deploy for specific needs, leading to one-time use and over-reliance on centralized provers. This slows down development speed and increases costs.

The Succinct Prover Network, currently under active development, is a storage infrastructure layer that allows any application to outsource proof generation to open proof systems.

Products of Succinct

Succinct Processor 1 (SP1)

SP1 is an open-source zkVM that helps developers deploy ZKP applications. SP1 is like the ChatGPT 4.0 of the ZKP world. All zkRollups, zk Oracles, or zk Bridges can prove ZKP code using Rust, WASM, or any language compiled from LLVM tools through zkVM, without needing to write complex circuits.

SP1 provides an efficient, customizable zkVM solution that allows developers to seamlessly use ZKP. SP1 offers various packages and libraries for developers to reuse, where complete openness is the most crucial aspect.

Previous zkVMs had logic constraints of unmodifiable closed source code, while SP1 implements a customizable modular architecture from the ground up. This customization capability allows developers to add 'pre-compiled' logic into the core zkVM logic, significantly improving performance.

Succinct Prover Network

The Succinct Prover Network is currently under development. This is a hosted infrastructure layer network that allows decentralized applications (DApps) to outsource their proof generation process.

By using SP1 or other zkVMs, developers can easily deploy their DApps using zero-knowledge proofs (ZK) to the network.

Additionally, this network operates as an open proof marketplace: developers simply need to submit proof requests to the network, and an auction mechanism will connect these requests with provers operating on the latest hardware. Provers can also earn fees by creating reliable proofs, saving costs in this open network.

♡𝐥𝐢𝐤𝐞💬 ➤ @Succinct #SuccinctLabs $PROVE