What is Succinct? The 'Cryptographic Bodyguard' of the Blockchain World
In simple terms, Succinct is a 'proof factory'—specifically designed to produce 'cryptographic facts' (also known as zero-knowledge proofs, ZKP) for blockchain applications. These proofs act like a 'digital seal,' proving that something is true (for example, 'this transaction is legitimate' or 'my identity is valid'), while absolutely not revealing the underlying secrets (such as 'the specific transaction amount' or 'my private data').
It was founded in 2022 and is headquartered in San Francisco, backed by top venture capital firms like Paradigm and Robot Ventures, raising $55 million. Its core product, SP1 zkVM, is a 'black technology'—developers don’t need to learn complex cryptography; they can write code directly in common programming languages like Rust, and it will automatically help them generate zero-knowledge proofs!
Even more impressive, Succinct has created a decentralized prover network, like a 'freelancer marketplace':
The demand side (such as Rollup, Coprocessor, and other blockchain applications) submits proof requests ('help me verify this transaction'); the supply side (hardware operators, or 'provers') rush to take orders, using their high-performance devices to generate proofs and earn rewards (PROVE tokens).
This is akin to having a complicated math problem you can't solve; instead of struggling to figure it out, you can directly find a top student in the 'problem-solving market' to help you, paying a small fee to get the answer—and this student market is decentralized, allowing anyone to participate and earn money!
