In the previous post, we discussed scaling blockchains without compromising security and decentralization (see previous issue). Today it’s time to consider another important component of successful Web3: private computations and interactive applications 👀.
Until now, complex computations with private data have only been accessible to large team projects or centralized services. Small developers or startups faced a choice: either disclose data or forgo functionality. This is where @Succinct comes in.
The network of decentralized provers combined with SP1 enables:
🔹 to perform computations privately, without data disclosure;
🔹 to verify the result on the blockchain quickly and securely;
🔹 to build interactive applications available even to small teams.
In fact, Succinct creates a universal privacy layer that can be integrated into any decentralized services: DeFi, NFT, DAO, or other Web3 projects. This changes the game: complex operations become accessible to a wide range of developers, and users gain full security of their data.
Follow me for clear and practical breakdowns of the latest Web3 technologies. And tomorrow we will delve into real use cases of private computations in DeFi and NFT, and you will see how Succinct changes the approach to creating secure decentralized applications 🚀💡.
