Zero-knowledge proof infrastructure company Succinct launches SP1 1.0

According to official news, zero-knowledge proof infrastructure company Succinct announced the launch of SP1 1.0, a production-ready version of its zkVM. SP1 is now fully functional and recommended for production use. This version will "enable developers to write real-world ZKPs in Rust and generate proofs in real time at low cost," the team said. "Co-founder and CEO is Uma Roy. The platform provides up to 10 times performance improvement in latency/cost, has obtained more than $1 billion in TVL, and has provided thousands of proofs. Proving more than 100 billion CPU cycles on the private beta of the prover network, Succinct is trusted by Polygon and Celestia." In addition, it said that SP1 is 100% open source, allowing teams like Argument (formerly Lurk Labs) and Scroll to implement custom precompilations for their own use cases, "which greatly reduces cycle counts and speeds up proof generation time." Earlier in March, it was reported that zero-knowledge proof infrastructure company Succinct completed a total of US$55 million in financing (including seed rounds and A rounds), led by Paradigm. Robot Ventures, Bankless Ventures, Geometry, ZK Validator and several angel investors participated in the investment.