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Introduction to Ethereum ZK Project Succinct! How does it work? What is the purpose of the PROVE token?
Key Points:
What is the Succinct Prover Network? It is a decentralized zero-knowledge proof (ZK) generation market based on Ethereum. It is 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 employs the vApp architecture. A fast off-chain auction service manages auctions 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 and has three main functions:
What is the Succinct Prover Network? It is a decentralized zero-knowledge proof (ZK) generation market based on Ethereum. It is 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 employs the vApp architecture. A fast off-chain auction service manages auctions 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 and has three main functions:
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PROVE
1.1558
+5.52%
ETH
4,748.68
+12.46%