Brief Introduction
Succinct is an Ethereum-based protocol that creates a decentralized network of proof providers to generate zero-knowledge proofs (ZKPs) for any program or application. This protocol connects service providers and proof requesters in an open marketplace, without the need to build complex infrastructure from scratch.
The Succinct network adopts a "vApp" architecture, where an application behaves like a fast-flowing web application, while its setup is verified via Ethereum to ensure transparency and security.
$PROVE tokens are used as the primary currency for payment to proof providers, for staking purposes (and penalties for complacency), and for network governance.
1. A robust infrastructure solution for easily generating ZKP proofs.
Succinct adopts a decentralized protocol that makes it easy for developers to request proofs without having to build the proof system themselves, making it an ideal solution for infrastructures such as rollups, bridges, AI agents, and more.
2. A competitive economy that ensures low costs and efficient performance.
The network uses a real-time auction system (reverse auctions) to select the lowest bidder for generating proofs, reducing costs and incentivizing more efficient service providers.
3. Security and incentive scalability with a staking mechanism and clear penalties.
Provers need to hold $PROVE tokens as collateral. In the event of default or tampering, a portion of the tokens is burned (slash). This enhances security and ensures reliability.
4. Strong support from major investors and growing credibility
The project received significant funding from Paradigm in a $55 million Series A round, along with support from Polychain Capital and others, providing it with confidence and sustainability within the ZK infrastructure.
5. Scalable applications across multiple domains and rapidly evolving
Since the mainnet launch, the network has supported more than 35 protocols such as Polygon, Celestia, and Lido, achieved over 5 million proofs of service, and secured over $4 billion in infrastructure.