Succinct
zk-Bridge between Ethereum and Gnosis Chain
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Notable Governance Votes
Treasury
Token
Launch
Token Allocation
Utility
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
- Consensus mechanism:
- Algorithm:
- Virtual Machine:
- Development language used:
Transaction Details
How it works
- From a blog by Paul Veradittakit (16-2-2023):
"zk-bridges are altering how we think about asset transfers between blockchains. These bridges employ zk-SNARKs technology to allow for the efficient transmission of data or assets between multiple blockchain networks without the necessity of a centralized committee. A prover is used in these systems to rapidly demonstrate to a blockchain that a given state transition occurred on another blockchain. The blockchain keeps a summary of the most recent block on the other blockchain, and fresh blocks can be synchronized by creating and sending a zk-SNARK that verifies the other blockchain's tip has advanced from its previous state to its present state. Bridges built with ZK are also a step toward a future in which blockchains are more interoperable and can work together seamlessly.
Succinct Labs is developing a trustless interoperability solution that securely connects Ethereum and Gnosis Chain using on-chain light clients and zk-SNARK technology. The company is committed to a future of permissionless interoperability and has created a trust-minimized cross-chain bridge utilizing Proof of Consensus. The protocol verifies the source chain's consensus in the target chain's execution environment using on-chain light clients, which track block headers for each pair of communicating chains and rely on the economic security provided by the underlying L1 chain's consensus for security without making any additional trust assumptions."
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Revenue
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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