Succinct Prover Network: Building a Decentralization ZK Proof Market

Succinct Prover Network is a Decentralization-based zero-knowledge proof ( ZK ) generation market built on Ethereum, aimed at connecting requesters in need of ZK with a global network of computational power providers.

The network adopts a vApp architecture, with off-chain auction services managing auctions in real-time, ensuring fund security and settlement through Ethereum smart contracts. This design combines the performance of Web2 with the security of Web3.

$PROVE token ( ERC-20) is the economic core of the network, with three main functions:

1. Payment: The token solely used for payment of proof generation fees.
2. Security: Validators must stake $PROVE; misconduct may result in slashing.
3. Governance: Token holders vote on key protocol parameters.

The initial supply is 1 billion coins, and the issuance rate is controlled by governance.

The market operation mechanism is that the requester submits a task, and the prover competes to complete the task through reverse auction, with the lowest bidder winning. This ensures competitive pricing for the proof.

The core advantage of Succinct lies in its ecosystem. It has established partnerships with many major Web3 projects, ensuring a strong demand for network services from the very beginning, effectively addressing the cold start problem.

Network Architecture

The architecture of the Succinct Prover Network is based on Ethereum's vApp, providing users with a high-performance experience while maintaining the security of the Decentralization protocol.

Its core lies in the separation of execution and settlement:

• Off-chain execution is managed in real-time by high-performance services for auction processes, proof allocation, and user interaction.
• On-chain settlement is conducted on the Ethereum mainnet, regularly verifying the network status and the correctness of off-chain operations.

Key components include:

1. Off-chain auction services: responsible for request matching, auctions, and task allocation.
2. On-chain settlement contract: Smart contracts deployed on Ethereum, serving as trust anchor points for the network.

To ensure the integrity of off-chain operations, the auction service is built on a verifiable database, including:

• A database for storing user balances, requests, and fulfillment status
• SP1-based prover, ZK proof of the new state of the computing network

$PROVE Token

$PROVE is an ERC-20 utility token based on Ethereum and serves as the economic lifeblood of the network. Its main functions include:

1. Payment: The token exclusively used for paying proof fees.
2. Security: Provers must stake $PROVE to participate in the auction.
3. Incentives: Used to encourage validators to invest in infrastructure and provide competitive pricing.

The initial supply is 1 billion coins, and the issuance rate is controlled by governance.

Staking and Delegation Methods:

• Validator Staking: Qualifies for participating in auctions and executing requests
• Delegation: Token holders can delegate to validators to share profits.

After successfully executing the request, the fees are distributed among the prover, the delegator, and the protocol treasury.

$PROVE holders can vote on key network parameters, such as setting network fees, adjusting staking requirements, etc.

Auction and Request Mechanism

The network adopts real-time bidding allocation requests:

• Initial version: Simple reverse auction, allocated to the bidder with the lowest bid.
• It may evolve into a "proof-of-work" model in the future, increasing the degree of Decentralization.

Request Process:

1. Users transfer $PROVE to the auctioneer to pay fees.
2. Send requests via RPC, specifying the program, deadline, and maximum fee.
3. The auctioneer matches the lowest price with the verifier.
4. Settle on Ethereum after completion

Validator Process:

1. Staking the required $PROVE
2. Submit a bid to the auctioneer
3. Complete the proof before the deadline after winning the bid.
4. Success results in receiving $PROVE payment, while failure leads to a reduction of the stake.

The network provides two service models:

1. Request on demand: Enter public auction
2. Off-chain Booking: Sign SLA with specific validators

Market Dynamics and Ecosystem

The network has established a bilateral market:

• Demand side ( requester ): Blockchain protocols, applications, and developers
• Provider ( Prover ): Individuals and entities operating computing hardware

Succinct has established partnerships with multiple leading Web3 projects, ensuring a substantial demand from day one and effectively addressing the cold start problem.

The Succinct Prover Network aims to transform cryptographic proofs from a niche technology into a digital commodity accessible to everyone, and the $PROVE token is the key mechanism for achieving this goal.