The Succinct Network Architecture and the $PROVE Token
The network is a marketplace that connects provers and requesters for ZK proof generation, implemented as a high performance verifiable application.
The PROVE token enables payments, secures the network, and incentivizes provers.
The network is a marketplace that connects provers and requesters for ZK proof generation, implemented as a high performance verifiable application.
The PROVE token enables payments, secures the network, and incentivizes provers.
2/ Last year, we introduced the Succinct Prover Network in our whitepaper.
We laid out the need for a protocol that creates the world’s largest, most efficient proving cluster and proves the world’s software. We’re now making it a reality.
We laid out the need for a protocol that creates the world’s largest, most efficient proving cluster and proves the world’s software. We’re now making it a reality.
https://x.com/SuccinctLabs/status/1863998744301371667
3/ The Succinct Prover Network is designed to be secure, performant, and competitive.
Any application, such as a ZK rollup, a layer 1 blockchain, or a game can easily request proofs from a distributed set of provers.
Any application, such as a ZK rollup, a layer 1 blockchain, or a game can easily request proofs from a distributed set of provers.
4/ The network is architected as a verifiable application, a development pattern that we recently introduced.
The network gives users the experience of interacting with a high performance web application, with the verifiability of crypto.
The network gives users the experience of interacting with a high performance web application, with the verifiability of crypto.
https://x.com/SuccinctLabs/status/1915427365779628151
5/ The network is composed of an off-chain auctioneer and on-chain contracts, similar to an L2 sequencer and its on-chain settlement.
Users interact with the auctioneer, which settles to Ethereum, giving the best of both worlds: security with high performance.
Users interact with the auctioneer, which settles to Ethereum, giving the best of both worlds: security with high performance.
6/ PROVE is the native token of the network. It’s used for:
Payments: Requesters pay for proofs in PROVE.
Security: PROVE is staked for security, to distribute value, and for governance.
Incentives: PROVE incentivizes provers to provide competitive prices to requesters.
Payments: Requesters pay for proofs in PROVE.
Security: PROVE is staked for security, to distribute value, and for governance.
Incentives: PROVE incentivizes provers to provide competitive prices to requesters.
7/ Provers stake PROVE and bid in auctions to provide proofs at the most competitive prices. Delegates can stake on provers’ behalf to provide economic security.
Network emissions and fees are distributed between provers, delegates, and the protocol treasury.
Network emissions and fees are distributed between provers, delegates, and the protocol treasury.
8/ We’ll be deploying an end-to-end version of this system in Stage 2.5 of our testnet in a few weeks.
You’ll be able to participate as a prover and request proofs from a competitive prover set.
You’ll be able to participate as a prover and request proofs from a competitive prover set.
9/ Bitcoin made anyone a miner.
Ethereum made anyone a staker.
Succinct makes anyone a prover.
Ethereum made anyone a staker.
Succinct makes anyone a prover.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
