Succinct is building a secure, decentralized, permissionless interoperability layer for Ethereum and other blockchains, powered by zero-knowledge succinct proofs (zkSNARKs). We are working towards a world where all blockchains can communicate with each other in a trust-minimized way--without any centralized entities or multisigs in-between. Much like zk rollup teams are using zkSNARKs to scale execution, we believe using succinct proofs for scaling verification of consensus ("proof of consensus") can lead to much more secure and decentralized interoperability compared to existing bridging solutions. Given the billions of dollars hacked from bridges in the past year, this one of the most important problems in the entire crypto ecosystem.
