In the development of blockchain, security incidents are common, especially cases where cross-chain bridges have been attacked, which have caused countless users and project teams to pay a heavy price. How can we ensure the integrity of on-chain data and prevent funds from being easily stolen by hackers? @Succinct provides the answer.
@Succinct uses zero-knowledge proofs (ZKP) to compress complex computation processes into a simple cryptographic proof, requiring only minimal cost on-chain to verify its correctness. This 'prove once, verify cheaply' model is not only efficient but also avoids the significant risks associated with re-executing computations.
At the same time, Succinct has built a decentralized proof network (DPN), where global provers participate in competition by staking $PROVE tokens to generate zero-knowledge proofs. Once false results are submitted, the stake will be reduced. This mechanism ensures the security and credibility of the network.
Security is the primary productivity of Web3. Succinct is using technology to strengthen the defenses for the entire crypto industry.
