• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Succinct Labs and OP Labs Unveil ZK Proof Solution OP Succinct for Transaction Enhancement

user avatar

by Giorgi Kostiuk

a year ago


  1. The Power of Zero-Knowledge Proofs
  2. OP Succinct vs. Optimistic Rollups
  3. Minimal Integration, Maximum Impact

  4. 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.

    The Power of Zero-Knowledge Proofs

    Zero-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. 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 vs. Optimistic Rollups

    Optimism, 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. However, 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. OP 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. According 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.

    Minimal Integration, Maximum Impact

    OP 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. Succinct Labs emphasized that OP Succinct was built with the goal of long-term scalability.

    By leveraging new ZK proof technologies, OP Succinct offers solutions for improving the speed and reducing the cost of transactions in the Optimism network. These changes can greatly simplify the integration process and enhance the network's scalability.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Jeffrey Epstein's Involvement in Cryptocurrency Under Scrutiny

chest

Jeffrey Epstein's clandestine engagement with cryptocurrencies is being investigated, revealing his influence on the financial sector.

user avatarNguyen Van Long

Little Pepe LILPEPE Presale is Gaining Traction.

chest

Little Pepe LILPEPE has raised over $2.744 million in its presale, attracting significant investor interest.

user avatarJesper Sørensen

REAL and LOOK Tokens Present Unique Opportunities

chest

REAL and LOOK tokens are gaining attention for their potential growth in the under $1 market segment.

user avatarSatoshi Nakamura

Apeing APEING Emerges as a New Crypto Movement

chest

Apeing APEING is gaining traction as a community-driven crypto movement aimed at early adopters and risk-takers.

user avatarRajesh Kumar

APEING Emerges as a Top Altcoin Pick Amid Market Volatility

chest

APEING is emerging as a standout opportunity in the cryptocurrency market, designed for investors ready to act during market dips.

user avatarLucas Weissmann

Trump's $82 Million Bond Investment Signals Shift in Financial Strategy

chest

Donald Trump has invested $82 million in bonds, indicating a potential shift in his financial strategy towards traditional markets.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.