What is the digital currency and what does the network offer?

The digital LA currency – is the currency of the Lagrange network, which provides the decentralized ZK Prover network for generating proofs for ZK aggregation operations.

The project aims to provide a robust infrastructure for Web3, enabling large-scale data processing while ensuring privacy and security.

Lagrange uses zero-knowledge (ZK) proof technology to build a decentralized proof network and a high-performance parallel ZK Prover, providing an efficient and transparent solution for scaling.

Lagrange launched the first production-ready ZK Prover network in the field, powered by leading companies, while Lagrange's ZK Prover network expands to address the main challenges facing aggregations and enhance the adoption and benefits of ZK.

Decentralized proof enables the aggregation system to operate with higher vital guarantees, enhanced security, and lower costs.

Lagrange works with the best aggregation systems, including ZKsync, Polygon, Linea, AltLayer, and Caldera.

As Lagrange develops the SQL-based ZK Prover, it is an infrastructure that enables decentralized finance protocols to perform verifiable computations over on-chain historical storage data, receipt state, and transaction.

Instead of being constrained by gas limits, smart contracts can request direct proofs for complex, data-intensive computations, then verify the results asynchronously on-chain.

Examples of use cases designed using Lagrange's ZK Prover include a complex liquidity mining incentive program, trading discounts based on trading volume on decentralized exchanges (DEXs), and funding rate calculations for options or perps protocols.

In both products, the digital LA currency is placed in the Lagrange Prover network to determine the eligibility of provers to generate proofs. Provers within the network submit their bids independently in an auction to produce proofs within a specified timeframe, and they stake the digital LA currency as collateral to ensure its vitality. If a prover fails to deliver the proof on time, they face penalties such as slashing or non-payment, incentivizing them to fulfill their obligations and ensuring the reliability of the network.

Therefore, each prover has an incentive to act honestly and faces penalties for malicious behavior or failure to ensure vitality. The fees associated with generating these proofs go to the provers and the stakers of the digital LA currency. Thus, as the number of proofs generated on the network increases, the rewards for staking the digital LA currency increase.