Succinct Network officially released its project white paper today, and this article will provide you with a quick overview of the core contents of the white paper.
Source: SuccinctLabs
Compiled by: Nicky, Foresight News
Succinct Network is a decentralized zero-knowledge proof (ZK Proofs) network that reduces blockchain verification costs and delays by separating transaction execution from verification. Its core technology, SP1 zkVM, utilizes GPU optimization and efficient recursion, achieving a tenfold performance improvement and compatibility with the Ethereum Virtual Machine (EVM), providing solutions for scenarios such as cross-chain bridging and instant fund withdrawal. Below are the key contents of the (Succinct Network white paper).
Succinct Network is a permissionless protocol that cleverly utilizes cryptoeconomic incentives, aiming to elevate global proving capabilities to new heights. The birth of this protocol marks an important step forward for the project in the field of decentralized, secure, and trustworthy verification.
Looking back in history, Bitcoin allowed anyone to become a miner, participating in the mining and construction of the blockchain; Ethereum further advanced this trend, enabling anyone to become a staker, contributing to the security and stability of the blockchain. Now, Succinct Network leads the way again, allowing anyone to become a prover, using their computing resources to provide verification services for the blockchain world.
However, in today's digital world, verifiable resources are particularly scarce. Centralized intermediaries can provide a certain level of verification services but often require users to incur trust costs. Decentralized systems, while having higher security and credibility, face many challenges in scalability. To address this issue, zero-knowledge proofs (ZK) have emerged. They ensure the accuracy and security of verification through mathematical methods, bringing a new way of verification to the blockchain world.
Currently, the ZK field is in a period of rapid development. On one hand, proof systems are continuously being optimized and improved, significantly enhancing their performance and efficiency. On the other hand, zero-knowledge virtual machines (zkVM) like SP1 are transforming ZK from specific applications to general applications, providing secure and trustworthy verification services for more fields. Succinct Network is a promoter and leader of this trend.
To gather global proving capabilities into a seamless, unified layer, Succinct Network proposes two new concepts: global distributed proving clusters and proof competitions.
The global distributed proving cluster is a collection of distributed provers composed of hardware teams, data center operators, and home devices, spread across the globe, collectively providing verification services for the blockchain world.
The proof competition is a competitive auction activity that encourages more provers to join the network through a transparent pricing mechanism and competitive incentives, promoting the decentralization and scalability of the network.
Succinct Network is not only applicable to various existing ZK applications, such as rollups, cross-chain bridges, and identity verification, but also provides ample space and possibilities for more innovative applications that may arise in the future. With the promotion of Succinct Network, ZK technology will continue to develop and improve, contributing more to the prosperity and development of the blockchain world.