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Today I saw everyone talking about the succinct project, and I looked into it. It is mainly developing SP1, a high-performance, Open Source zero-knowledge Virtual Machine (zkVM) that allows developers to write ZKPs using Rust.
The main goal is to solve three problems:
1. Simplify the development threshold of zk, making it easy for developers to use and convenient for projects to integrate.
2. Provide high-performance, low-threshold zk infrastructure, while helping Ethereum reduce its burden by converting transaction execution into proof validation.
3. Better addressing the three impossible triangles of traditional web3 (balancing security, decentralization, and scalability) by using off-chain batch processing + on-chain lightweight verification, which means that microcomputers like Raspberry Pi and Orange Pi can validate thousands of transactions.
Currently, 39 projects including Morph and Polygon are already in use, having secured $55 million in funding, with investors including bankless Ventures, ZKValidator, and receiving endorsement from White House compliance policies. Their token $prove is also about to be listed on major exchanges. The project founders have impressive technical backgrounds, Uma @pumatheuma graduated from MIT with dual degrees in Mathematics and Computer Science, and previously worked at Google Brain AI research group; John @jtguibas graduated from Stanford's Computer Science department, interned at NVIDIA, and received Thiel Fellowship funding to pursue full-time entrepreneurship.
From the perspective of tokens, $PROVE = the settlement currency of the ZK ecosystem.
$PROVE is not a governance token for a specific ZK application, but rather a fundamental token that provides settlement, incentives, and security guarantees for the entire zero-knowledge proof network. It is also a token form designed around ZK computation needs, breaking the limitations of traditional service single chains, while serving the Eth mainnet, sol zk bridge, and BTC bridge. It is the underlying unified payment and security infrastructure for the entire ZK application ecosystem.
Technically, the entire ecosystem consists of users, validators, and stakers.
From the perspective of a fantasy world, users can be understood as the villagers of a small town who issue commissions and provide rewards. The validators are akin to heroes who pay a certain deposit to accept the bounties. The stakers are equivalent to the official tavern for adventurers, facilitating the connection between villagers and heroes to help them complete tasks, ultimately earning a share of the profits.