Succinct Prover Network combines Ethereum with zero-knowledge proof technology to establish a decentralized computing market through the $PROVE token, providing a trusted infrastructure for ZK applications.
What is Succinct Prover Network? It is a decentralized zero-knowledge proof (ZK) generation market based on Ethereum, designed to connect requesters needing ZK (such as Rollups, bridges, AI applications) with a global network of computing power providers (Provers).
How does it work? The network adopts a vApp architecture. A fast off-chain auction service manages the auction in real-time, while the security of funds and final settlement is ensured by smart contracts on Ethereum, combining the performance of Web2 with the security of Web3.
What is the role of the $PROVE token? The $PROVE token (ERC-20) is the economic core of the network with three main functions:
Payment: The only token used to pay for proof generation fees.
Security: Validators must use $PROVE as collateral, and if misconduct occurs, the collateral may be reduced.
Governance: Token holders vote on key protocol parameters. The initial supply is 1 billion tokens, with the issuance rate controlled by governance.
How does the market operate? Requesters submit tasks, and Provers compete to complete these tasks through reverse auctions, with the lowest bidder winning. This mechanism ensures competitive pricing for proofs.
What are its core advantages? (Ecosystem) Succinct has established partnerships with many major Web3 projects, solving the cold start problem by guaranteeing high demand for network services from day one.
The architecture of Succinct Prover Network is a vApp based on Ethereum. This model aims to provide users with a high-performance experience similar to traditional web applications while retaining the security and trust guarantees of decentralized protocols.
vApp architecture's core is the separation of execution and settlement, which is similar to the design pattern of Layer 2 sequencers.
Off-chain execution is handled by a high-performance service that manages the auction process, proof allocation, and user interaction in real-time. This allows users to submit requests and receive updates without worrying about delays in block confirmation.
On-chain settlement occurs on the Ethereum mainnet, which periodically uses ZK to verify the network state and the correctness of off-chain operations.