Is PROVE currency halal or haram? We will try to answer that by understanding the currency project, its mechanism, and the services it offers.
Currency Project $PROVE
Succinct Protocol is a decentralized proof network that facilitates a lack of knowledge for everyone.
It is a protocol focused on verifiable computing, enabling developers to easily create and verify zero-knowledge proofs (ZK) in diverse environments using zkVM (zero-knowledge virtual machine) for multiple purposes.
Halal services offered by PROVE currency
Useful actual use (using ZKPs for linking with Ethereum or other settlement layers).
Instant trading with no delays for on-the-spot payment.
No presence of interest mechanisms.
Haram services offered by PROVE currency
The family of the Arabic Bitcoin Academy website studied the PROVE currency project and found no suspicious services it offers; this is a personal effort by the site team.
Is PROVE currency halal?
Based on the previous data and the PROVE currency project, PROVE currency is halal, and Allah knows best.