How PROVE Works
At its core, PROVE is an ERC-20 token on the Ethereum blockchain, but its utility extends far beyond traditional token functions. Within the network, proof requesters submit computation tasks that require privacy-preserving verification. Provers then generate ZK proofs to validate these tasks without revealing sensitive information. This mechanism is vital for applications in blockchain scaling, confidential transactions, AI computation, and gaming. By decentralizing the proving process, Succinct significantly reduces costs, enhances transparency, and improves the efficiency of ZK proof generation.
Moreover, PROVE is integrated into an innovative reward structure. The more high-quality proofs provers generate and the more active they are in governance and network participation, the greater their PROVE rewards. This incentivizes consistent engagement and cultivates a strong, self-sustaining community around the network.
