In the previous post, we discussed how Succinct protects user assets in DeFi, ensuring data integrity even from external sources (see the previous issue). Today, it's time to address another challenge facing the entire Web3 ecosystem: scaling without sacrificing security and decentralization 🌐.
Traditional blockchains often face the so-called 'trilemma': you can choose at most two out of three — security, decentralization, or speed. As a result, large networks are slow, expensive, and complex for users.
@Succinct offers a unique solution. By using SP1 and a decentralized network of provers, computations can be performed off-chain, creating zero-knowledge proofs that are then quickly verified on the network. The result:
🔹 Security — all transactions are mathematically verified;
🔹 Decentralization — verification can be done by any node;
🔹 Speed and scalability — the main chain is freed from excessive computations.
In fact, Succinct enables the integration of thousands of users and hundreds of applications without compromising security or performance. This paves the way for truly mass adoption of Web3 technologies — from DeFi to decentralized NFT platforms and DAOs.
Subscribe to me for deep, understandable, and practical analyses of Web3 technologies. Tomorrow, we will explore how Succinct makes private computations accessible for any applications, even if the development team is small. This could radically change the way applications are built in Web3… 👀💡