So awesome, Succinct's operation this time is very impressive. Yesterday, it was listed on Binance Alpha, and then it directly moved to spot trading!
Let's take a look at the project $PROVE . Simply put, the project aims to make zero-knowledge proof (ZK) technology more accessible, allowing developers to get started without having to struggle with complex cryptography.
Their Prover Network relies on the $PROVE token to attract global GPU nodes, providing stable and fast computing services for Ethereum, L2, and AI applications, transforming ZK from a tool played with by a few into infrastructure that everyone can use.
The key highlight is SP1 zkVM, which feels like writing code as usual without needing to understand the convoluted circuits and mathematics. Just write the logic well to achieve ZK functionality, which is crucial for the large-scale deployment of ZK applications.
Even more impressive is that with SP1 Hypercube technology, 93% of Ethereum blocks can complete ZK proof within 12 seconds, a unique achievement! This speed is incredibly important for the expansion of the entire L1/L2.
You know the age verification service from Google Wallet, right? It proves that someone is over 18 without exposing real information, and the framework supporting it is Succinct, indicating that Web2 is already genuinely integrating with ZK.
Currently, their network is protecting over 4 billion dollars in on-chain assets, which is considered quite significant in ZK infrastructure.
Succinct is like the AWS of the ZK world; any chain, application, or AI model that needs to generate ZK proofs can directly call its computing power.
Now, let's talk about the token. $PROVE is not just a governance token for a single application; it serves as the settlement, incentive, and security foundation for the entire ZK network, which is an important distinction to make.
Moreover, the team is impressive. Uma has dual degrees in mathematics and computer science from MIT and has worked at Google Brain; John is from Stanford, has interned at NVIDIA, and received Thiel funding to focus on entrepreneurship. These two aim to reconstruct ZK infrastructure from the ground up, and their technology is unquestionable.