If you don’t know which token is the hottest today, just take a look at the popular spot tokens on Binance $PROVE . Let me talk about the Succinct team; it feels like they genuinely want to pull zero-knowledge proofs (ZK) out of the cryptography circle and turn them into tools that everyone can use.
You may have heard the term ZK and always think it’s tied to a bunch of complex formulas and arcane circuit designs, feeling far away from ordinary developers. But Succinct doesn’t think so; their SP1 zkVM is quite interesting, claiming to let developers write logic using mainstream programming languages without grappling with those profound mathematics, directly adding ZK capabilities to applications. This move is quite critical; after all, no matter how good the technology is, it’s useless if no one uses it, and they have essentially paved a 'popularization' path for ZK.
What’s more impressive is their breakthrough in speed. Based on SP1 Hypercube, they can complete 93% of Ethereum block ZK proofs within 12 seconds. This number might sound a bit dry, but think about it; when transactions increase on Ethereum, it gets congested. To achieve real-time verification and full-stack scalability, this speed is a hurdle that cannot be avoided, and they have managed to tackle a hard problem.
Now not only blockchain is using ZK, but Web2 scenarios are also starting to get involved. For example, Google Wallet's age verification, proving oneself to be over 18 without exposing specific age and identity, relies on this lightweight ZK framework, which is exactly what Succinct is doing. This indicates that ZK is not just self-indulgent within the circle; it is really infiltrating ordinary people's lives.
Their network has helped clients safeguard over 4 billion dollars in on-chain assets, which is quite significant in the ZK infrastructure realm. Saying they are the 'cloud service' in the ZK field is quite fitting, whether it’s public chains, applications, or AI models and enterprise systems, to generate ZK proofs, you can directly call their network, as convenient as using AWS. This 'plug and play' approach indeed lowers many industry barriers.
By the way, their token $PROVE is not a governance token for a specific application, but rather the 'lifeblood' of the entire network, managing settlements, incentives, and ensuring security. This positioning also shows their ambition to build the entire ZK ecosystem infrastructure.
The team background is also quite impressive. One of the two co-founders has dual degrees in mathematics and computer science from MIT and has worked at Google Brain; the other is from Stanford's computer science department and has received the Thiel Fellowship to start a full-time business. Both are people who dive deep into technology, and in the hardcore field of ZK, it really requires a team that can settle down to build systems and delve into cryptography.
Overall, what Succinct wants to do is not just a project, but rather to build a set of 'water, electricity, and coal' that allows ZK technology to be implemented on a large scale. Once this infrastructure runs smoothly, many applications we use behind the scenes might quietly hide their technology.
Official Information
- X: https://x.com/SuccinctLabs
- Discord: https://discord.com/invite/succinctlabs
