@Succinct
PROVE is the primary payment method for proving services on the decentralized network of Succinct.
Staking and Delegation:
Users can stake PROVE and delegate to provers to earn a share of the network fees.
Governance:
PROVE holders have the right to participate in the governance process, making important decisions about network parameters such as fee structure and auction mechanisms.
Economic Support:
The token serves as the economic foundation for the network, ensuring contributions and overall security by providing incentives for provers and other participants.
Succinct and its goals:
ZKP Infrastructure:
Succinct provides a specialized infrastructure system to simplify and standardize the development of Zero-Knowledge Proof (ZKP) applications for blockchain.
Expanding Capabilities:
The project helps expand verification and security capabilities for various applications, including zkEVM, rollups, identity, oracle, and machine learning.
Decentralized Prover Network:
The platform utilizes a high-performance zkVM SP1 virtual machine and Proof Contests auction mechanism to create a competitive network of provers, providing fast, low-cost, and transparent proving services.
