Succinct Labs and OP Labs Team Up to Launch New Zero-Knowledge Proof Solution

CoinMarketCap09-16 22:44

Succinct Labs and OP Labs have partnered to launch OP Succinct—a zero-knowledge proof (ZK proof) solution designed to improve transaction finality and reduce gas costs. This technology aims to ...

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This technology aims to ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66e8445744e29c1ffc82cded/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Succinct Labs and OP Labs Team Up to Launch New Zero-Knowledge Proof Solution</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuccinct Labs and OP Labs Team Up to Launch New Zero-Knowledge Proof Solution\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-16 22:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/66e8445744e29c1ffc82cded/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Succinct Labs and OP Labs have partnered to launch OP Succinct—a zero-knowledge proof (ZK proof) solution designed to improve transaction finality and reduce gas costs. This technology aims to ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66e8445744e29c1ffc82cded/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EZET","symbol_name":"Franklin Ethereum Etf","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/66e8445744e29c1ffc82cded/","article_id":"2467884186","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/caf2fa9eb19648b6bb9710de04571cb3.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467884186","pubTimestamp":1726497873,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Succinct Labs and OP Labs havepartnered to launch OP Succinct—a zero-knowledge proof  solution designed to improve transaction finality and reduce gas costs. This technology aims to outperform standard optimistic rollups and enhance the overall performance of the Optimism protocol.Zero-knowledge proofs  are cryptographic protocols that allow one party to prove the truth of a statement without revealing any other information. Succinct Labs and OP Labs aim to make transactions faster, cheaper, and more secure by integrating ZK proofs into the Optimism protocol.The newly developed OP Succinct uses a two-step integration process that requires minimal coding and fits easily into existing OP Stack deployments.This upgrade, according to Succinct Labs, can be completed in just one hour. The platform also maintains compatibility with rollup-as-a-service setups, offering a streamlined path to upgrading OP Stack chains with ZK proofs.OP Succinct, developed in close collaboration with OP Labs, rep","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EZET":"Franklin Ethereum Etf","BK4099":"汽车制造商","TISI":"Team Inc","BK4021":"海运","PACI.U":"PROOF Acquisition Corp I","CETH":"21Shares Core Ethereum ETF","FETH":"Fidelity Ethereum Fund","OP":"Oceanpal Inc","ETHV":"Vaneck Ethereum ETF","ZK":"极氪","BK4120":"环境与设施服务","QETH":"Invesco Galaxy Ethereum ETF"},"translate_title":"Succinct Labs与OP Labs联手推出全新零知识证明解决方案","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OP":1,"PACI.U":1,"TISI":1,"ZK":0.9,"CETH":0.7,"ETHV":0.7,"EZET":0.7,"FETH":0.7,"QETH":0.7},"content_text":"Succinct Labs and OP Labs have partnered to launch OP Succinct—a zero-knowledge proof (ZK proof) solution designed to improve transaction finality and reduce gas costs. This technology aims to outperform standard optimistic rollups and enhance the overall performance of the Optimism protocol.\nThe Power of Zero-Knowledge Proofs\nZero-knowledge proofs (ZK proofs) are cryptographic protocols that allow one party to prove the truth of a statement without revealing any other information. Succinct Labs and OP Labs aim to make transactions faster, cheaper, and more secure by integrating ZK proofs into the Optimism protocol. \nThe newly developed OP Succinct uses a two-step integration process that requires minimal coding and fits easily into existing OP Stack deployments.\nThis upgrade, according to Succinct Labs, can be completed in just one hour. The platform also maintains compatibility with rollup-as-a-service setups, offering a streamlined path to upgrading OP Stack chains with ZK proofs.\nOP Succinct vs. Optimistic Rollups\nOptimism, a leading Layer-2 scaling solution for Ethereum, currently uses optimistic rollups to bundle transactions. These rollups reduce the burden on the Ethereum network, allowing for faster and cheaper transactions while maintaining the security of the Ethereum mainnet. \nHowever, the existing system relies on a “7-day fraud-proof window,” meaning users have to wait for up to a week for transaction validation in case of disputes. This creates delays and higher costs in some cases.\nOP Succinct, developed in close collaboration with OP Labs, reportedly improves upon this process. It eliminates the need for the extended fraud-proof window by leveraging ZK proofs to reduce the time required for transaction finality. \nAccording to Succinct Labs, the new solution is not only faster but also more cost-effective. It reduces transaction costs to as little as 0.5 to 1 cent—compared to the 1.34 cents on OP Mainnet and 1.11 cents on OP Sepolia.\nMinimal Integration, Maximum Impact\nOP Succinct’s biggest feature is its seamless integration process. Succinct Labs designed the solution to be modular and easy to implement, with minimal code changes needed for any OP Stack chain. This reportedly allows projects utilizing the Optimism protocol to quickly adopt the new ZK proof system without significant disruption to their existing operations.\nSuccinct Labs emphasized that OP Succinct was built with the goal of long-term scalability. \nSuccinct Labs Receives $55 Million to Boost Development\nLast March, Succinct Labs secured $55 million in seed and Series A funding, led by Paradigm, a major player in the crypto space. The funding round also saw participation from prominent investors like Robot Ventures, Bankless Ventures, and ZK Validator, as well as key figures from Polygon and EigenLayer. \nThe funds will be used to advance the ZK-proof technology aiming to enhance security in blockchain applications while safeguarding privacy.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2467884186"}