Succinct Project ($PROVE )
It breaks the barrier between developers and Zero-Knowledge Proofs technologies, making them easy, fast, and secure... without the need to be an encryption expert.
What is the Succinct project?
Succinct is a decentralized network for generating ZK proofs, connecting those who need the proofs (Requesters) with those who can execute them (Provers) through a competitive marketplace.
The developer writes the code in a familiar language like Rust or C++, and the SP1 zkVM engine converts this code into a ready cryptographic proof, and the result is documented on Ethereum to ensure transparency.
The role of the PROVE token
• The primary payment method within the platform.
• Staking to maintain the quality and security of the network.
• Governance and decision-making within the protocol.
• Stimulating competition among service providers with high prices and quality.
Project features
1. Ease of access: Any developer can use ZK Proofs without technical complexities.
2. Speed and efficiency: Thanks to SP1, proofs are generated in record time.
3. Security and transparency: Results are documented on Ethereum.
4. Competitive marketplace: Best prices with high quality thanks to competition among Provers.
5. Scalability: Support for integration with major Web3 protocols and projects like Polygon and Celestia.
6. Strong investment support: Funding from major investors to ensure development and sustainability.
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The Hodeler Airdrop
When the token was listed on Binance, 20 million PROVE (about 2% of the total supply) were allocated as part of the Hodeler Airdrop, a reward for eligible token holders on Binance, which helped build a strong community base from day one.
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Why is the project important?
Because it transforms a complex technology like ZK Proofs into something easy and accessible for everyone, and opens the door for developers and Web3 projects to benefit from unprecedented security and privacy.
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