Succinct Network officially released its project white paper today, and this article will give you a quick overview of the core content of the white paper.

Source: SuccinctLabs

Translation: 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, achieves a tenfold performance improvement through GPU optimization and efficient recursion, and is compatible with the Ethereum Virtual Machine (EVM), providing solutions for cross-chain bridging, instant fund withdrawals, and other scenarios. Below are the key points from the "Succinct Network White Paper."

Succinct Network is a permissionless protocol that cleverly utilizes cryptoeconomic incentives, aiming to elevate global proof 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 and participate in blockchain mining and construction; Ethereum further advanced this trend, enabling anyone to become a staker and contribute to the security and stability of the blockchain. Now, Succinct Network is once again leading the way, allowing anyone to become a prover, using their computational 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. While decentralized systems offer higher security and credibility, they 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 proof capabilities into a seamless, unified layer, Succinct Network has proposed two new concepts: global distributed proof clusters and proof competitions.

The global distributed proof 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.

Proof competitions are competitive auction activities that encourage 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 emerge 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.

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