Succinct: The New Star of Decentralization Proof Networks

Succinct is rising as a leader in the Decentralization proof-of-stake network. The project has already garnered favor from top investment institutions, completing two rounds of financing totaling $55 million.

Although the competition in the ZKVM field is fierce, Succinct has taken a leading position with its advanced technology. The core objective of the project is to simplify the application of zero-knowledge proofs, making it easier for developers to use. Currently, several well-known blockchain projects have adopted Succinct's infrastructure to build ZKP solutions.

The core technology SP1 of Succinct is a high-performance, general-purpose zkVM. It provides maintainable code through the Rust language, significantly accelerating the development process. SP1 has significant advantages in both performance and cost, demonstrating excellent performance in various blockchain application scenarios, including light clients and rollups. Compared to other zkVMs, the ZKP proof cost of SP1 is an order of magnitude lower while maintaining extremely fast speeds.

Founding Team

Uma Roy, the co-founder and CEO of Succinct, holds a master's degree in computer science from the Massachusetts Institute of Technology and previously worked as an engineer at Gantry. Another co-founder, John Guibas, graduated from Stanford University.

Financing Overview

Succinct has completed two rounds of financing:

• Seed Round: Raised $12 million
• Series A: Raised 43 million USD

Both rounds of financing were led by the renowned investment firm Paradigm, and attracted participation from several well-known institutions and individual investors.

Participate in Testnet

Succinct is currently conducting a closed test net with limited slots. To obtain a test net activation code, you can try the following methods:

1. Create high-quality content related to Succinct and ZK, such as articles, discussions, artworks, etc.
2. Interact with the Succinct team's posts on social media.
3. Mention Succinct when discussing topics such as ZK proofs and scalability.

The testnet tasks are relatively easy and fun, mainly including answering questions and mini-games. The goal for participants is to accumulate stars, and the expected number of stars is related to the potential airdrop ratio in the future.

After obtaining the activation code, you need to activate the account on the official website and transfer 10 test coins. There will be new tasks and games every week, giving participants the opportunity to earn more stars. Popular strategies include:

• Complete the weekly free image recognition and quiz tasks
• Choose mini-games you are good at to earn more stars
• Reasonable allocation of test coins to maximize star profits

With the progress of the testnet, Succinct is expected to further solidify its leading position in the ZKVM field.