The $PROVE token is the native utility and governance token for the Succinct Prover Network. This decentralized protocol on Ethereum provides zero-knowledge proof (ZK proof) generation as a service. Its core function is to facilitate a marketplace where those who need proofs (requesters) can connect with those who can generate them (provers).
The token's utility includes:
* Payment: Requesters pay provers in PROVE for their services.
* Staking: Provers must stake PROVE to participate in the network, with the stake acting as a form of economic security.
* Governance: Holders can vote on key network parameters, such as fee structures and protocol upgrades.
This model is designed to incentivize provers and secure the network, creating a decentralized and efficient infrastructure for ZK-proofs.
