3. What are the advantages of Succinct?
1. SP1 zkVM: a high-performance, open source RISC-V zk virtual machine that supports Rust and other LLVM-based language development. The developer writes programs with Rust, and SP1 automatically generates ZK proofs. After the GPU is accelerated, the speed and cost of generating proofs are directly "crushed" the competitors. It supports complex computing and has a performance comparable to traditional VMs, but it has the "privacy + verifiable" attributes of ZK, which can be seamlessly integrated into Rollup, cross-chain bridge, privacy protocol and other scenarios, with a super wide application range!
2. Decentralized prover network: ZK's "distributed engine". Traditional ZK proof relies on centralized computing power and has high cost. Succinct's prover network allows global nodes to participate in the generation of proofs. Similar to "ZK's PoW", dynamically allocates computing power, reduces the risk of single point failure, and has high efficiency and low cost.
3. SP1's modular architecture allows developers to develop ZK applications "building blocks" and will support more tools and templates in the future, making the development experience very silky.
4. Succinct's ZK technology naturally adapts to cross-chain bridge (verified by Cosmos IBC) and privacy protocols (which may support DeFi privacy transactions in the future). The market imagination space for ZK+ cross-chain+ privacy is huge!