Succinct (PROVE) is a pioneering project in building Zero-Knowledge (ZK) infrastructure, making blockchain lighter, faster, and more secure. Instead of having to download and verify all on-chain data, Succinct allows applications to use succinct ZK proofs to ensure accuracy, significantly reducing costs and resources.
The strength of Succinct lies in its ability to create "proof marketplaces," where anyone can build and provide ZK proofs for other applications. This opens up great potential for DeFi products, cross-chain bridges, and rollups when they need to verify data quickly but still remain absolutely secure.
The PROVE token plays a central role in the ecosystem: it is used to pay for proof creation/verifications, staking to ensure network security, and participating in governance.
In the context of blockchain entering the modular and ZK-first era, Succinct and PROVE are becoming an indispensable piece of infrastructure for Web3.