Succinct $PROVE is a cryptocurrency and the native utility token of the Succinct Prover Network.
What is the Succinct Prover Network
The Succinct Prover Network is a decentralized network built on Ethereum designed to facilitate the generation of Zero-Knowledge Proofs (ZKPs) for various software applications. ZKPs enables the verification of information without revealing the underlying data, making them crucial for enhancing privacy, scalability, and security in decentralized systems.
Uses of Succinct and the PROVE token
Payment: PROVE is used to pay for ZKP generation services requested on the network.
Staking: Provers stake PROVE to participate in proof contests and earn rewards.
Governance: PROVE token holders participate in protocol governance and decision-making regarding network upgrades and parameters.
