@Succinct #SuccinctLabs#PROVE ZAN is joining the Succinct Prover Network as a multi-node cluster validator. ZAN is an infrastructure provider specializing in node operations and hardware, supported by AntChain OpenLabs. They recently collaborated with Succinct to develop FPGA acceleration for SP1, improving SP1 by 20x compared to traditional CPUs, demonstrating their deep technical expertise in ZK. They will bring their extensive experience in hardware acceleration and running hundreds of GPUs in production to the network. By bidding on attestations in competitive auctions, ZAN validators will provide critical infrastructure for our customers. In the long term, ZAN's work on FPGA acceleration will also benefit the network by reducing the cost of attestation for all users; FPGAs are potentially much cheaper than cloud GPUs or even on-premises clusters. FPGA acceleration will serve as a pipeline for integrating ZK proving ASICs, which encode specialized proving systems in silicon. The network now comprises some of the world's most respected proving teams. We are fulfilling our original vision of creating the world's largest proving cluster. This vote of confidence from teams like ZAN will accelerate ZK globally.
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@Succinct #Succinctlab #prove Succinct is a decentralized protocol based on Ethereum, focused on the generation of Zero-Knowledge Proofs (ZKP), aiming to build blockchain applications and infrastructure through cryptographic truth rather than trust. Below is a brief introduction to Succinct: Core Functions: Succinct connects demanders (developers or applications needing ZKP) and provers (hardware operators providing computational power) through its prover network (Succinct Prover Network), forming a decentralized bilateral marketplace. Developers can use standard programming languages like Rust to generate efficient zero-knowledge proofs through the SP1 zkVM (Zero-Knowledge Virtual Machine) for applications such as Rollup, cross-chain bridges, and oracles. PROVE Token: $PROVE is the native token of the Succinct network (ERC-20), with a total supply of 1 billion tokens and an initial circulation of approximately 200 million tokens. Its main uses include: Payments: Used to pay for proof generation fees. Staking: Provers must stake $PROVE to participate in the network, ensuring security and accountability. Governance: Token holders can vote to decide network parameters and upgrades. Technical Advantages: SP1 zkVM: Supports Rust and C++ code, lowering development barriers and generating proofs 30 times faster than traditional systems. Decentralized Proof Market: Reduces costs and increases efficiency through a bidding mechanism (proof competition). Cross-Chain Verification: Supports proof verification on platforms like Ethereum, Solana, Layer 2, etc. Team and Funding: Founded by Uma Roy and John Guibas in 2022, the team has backgrounds from MIT, Google Brain, and more. The project has raised $55 million in funding from top venture capital firms like Paradigm. Market Performance: As of August 12, 2025, the price of PROVE is approximately $1.03 to $1.47, with a 24-hour trading volume reaching $168 million to $733 million, and a market capitalization of about $287 million, ranking 175th (CoinMarketCap data). The price has fluctuated significantly since listing, peaking at $1.59 and dipping to $0.58. Future Potential: Succinct has collaborated with over 35 projects, including Polygon and Celestia, with a TVL exceeding $4 billion. As the demand for zero-knowledge proofs grows in the blockchain and AI sectors, PROVE is expected to become a key player in Web3 infrastructure. However, market volatility, competition, and regulatory risks should be considered. Summary: Succinct reduces the barriers and costs of generating zero-knowledge proofs through a decentralized prover network and efficient zkVM technology.
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