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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
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Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
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🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
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In the rapid development of Blockchain technology, a project named Succinct is gaining widespread attention in the industry. Founded in 2022 and headquartered in San Francisco, this company is providing an innovative "Cryptographic fact" production solution for Blockchain applications.
Succinct's core business can be metaphorically described as a "proof factory". It focuses on producing Zero-Knowledge Proofs (ZKP), a technology that can be seen as a "digital seal" in the blockchain world. The uniqueness of Zero-Knowledge Proofs lies in their ability to verify the authenticity of a statement while not revealing any related sensitive information. For example, it can validate the legitimacy of a transaction without disclosing the specific transaction amount.
The company's flagship product SP1 zkVM introduces a groundbreaking technology. It allows developers to write code directly using Rust, a widely used programming language, and then automatically generates zero-knowledge proofs. This greatly lowers the barrier for developers, making complex cryptography techniques more accessible.
Succinct has also launched a decentralized prover network, an innovative model comparable to the "freelancer market" in the blockchain field. In this network, demand side (such as various blockchain applications) can submit proof requests, while supply side (i.e., provers with high-performance devices) can accept these requests and earn rewards by generating proofs.
This model not only improves the efficiency of the entire ecosystem but also creates new revenue streams for participants. It makes complex Cryptography operations as simple as seeking help in a "problem-solving market," which is completely decentralized and open to everyone.
Succinct's innovation is bringing new possibilities to Blockchain technology. It not only enhances security and privacy protection, but also promotes the development of the entire industry by simplifying the development process and creating new economic models. As the project further develops, we can expect to see more innovative applications based on this technology.