Succinct Labs and OP Labs have collaborated on a zero-knowledge proof-of-knowledge solution that significantly improves transaction finality and gas costs compared to optimistic staking.
On September 11, Succinct Labs It was announced Partnering with OP Labs, a startup that contributes to the development of the Optimism Protocol (OP), to create OP Succinct.
OP Succinct from Succinct Labs and OP Labs
Paradigm-backed Succinct and OP Labs collaborate on OP Succinct to combine the general-purpose zero-knowledge SP1 virtual machine with the OP Stack to deliver the zkEVM stack.
With this new solution, upgrading OP Stack chains to take advantage of zero-knowledge proofs is now cheaper and faster. According to Succinct Labs, OP Succinct is also highly customizable.
“The modular design of the OP Stack makes it easy to convert an OP Stack to a ZK Cluster. Succinct’s two-step OP Stack integration requires minimal code and easily fits into existing deployments – including cluster-as-a-service setups,” Succinct Labs Posted on X.
Fast completion and low gas costs.
The development of ZK rollup adds to the growing ecosystem of layer 2 scaling solutions, providing off-chain proof of transactions that delivers speed of finality and reduced gas costs.
OP Laboratories and Succinct Laboratories, which He got $55 million. In funding rounds led by Paradigm in March 2024, we are bringing this to market through OP Succinct.
The ability to upgrade an OP pool to use ZKPs within an hour greatly improves the seven-day fraud protection window that applies to standard optimistic pools. Proof-of-stake costs are also 0.5 to 1 cent, compared to the higher costs of 1.34 cents on OP Mainnet and 1.11 cents on OP Sepolia.