The Quickest and Most Secure Way to Verify Anything on Web3 No Trust Required
Imagine instantly confirming that any software is genuine and functioning properly, without needing to trust anyone. That’s exactly what @Succinct is creating with its $PROVE token. This innovative project advances zero-knowledge proofs (ZK proofs), enabling developers to verify everything from Ethereum blocks to AI outputs quickly, cheaply, and in a fully decentralized manner.
What is Succinct (PROVE)?
Succinct is a decentralized network for ZK proofs that lets you verify program correctness without revealing all the underlying data. Rather than relying on trust, it leverages advanced cryptography and a global prover network to validate truths.
Built on an open-source platform called SP1 zkVM, it allows developers to build zero-knowledge apps using standard Rust programming no complex math required. Anyone with computing power, from home GPUs to data centers, can join as a prover and earn rewards.
Why Succinct Stands Out:
Proof Competitions: Provers bid in auctions to produce the fastest and cheapest proofs, preventing control by any single party.
SP1 zkVM: Makes zero-knowledge accessible by using familiar Rust code.
Global Participation: Open to all, ensuring decentralization and resistance to control.
Speed and Cost Efficiency: Uses cutting-edge tech like Plonky2, Halo2, and Plonky3 to keep proofs fast and affordable.
Use Cases Include:
zkEVMs and rollups
Protecting identity privacy
On-chain verification of AI results
Proofs for real-world data, transactions, and smart contracts
Token Info:
Token: Succinct Token ($PROVE)
Total and max supply: 1 billion
Circulating supply: ~195 million (19.5%)
$PROVE powers the ecosystem by enabling staking, governance, and rewarding provers who create accurate, speedy proofs securing and decentralizing the network.
