Succinct Labs, a start-up backed by Paradigm, announced on Wednesday that it had been working with OP Labs, a major contributor to the Optimism protocol, to "solve" the ZK Rollups problem.
"Over the past few months, we've worked closely with the OP Labs team to build OP Succinct, a seamless way to upgrade any OP Stack chain to use zero-knowledge proofs within an hour."
Succinct Labs, which raised $55 million in seed and Series A funding led by Paradigm in March, says its new approach is much faster than "standard optimistic rollups", which have a "seven-day window for proof of fraud" and cost an average of just "a fraction of a cent" per transaction.
Succinct Labs and OP Labs jointly launch Succinct to solve the ZK Rollups problem
2024-09-11 18:58:17
Paradigm support startup succinct labs announced Wednesday its has been optimismdesk3cryptocurrencydesktopCrypto News
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