Succinct raises $43 million to make cryptography easy
We use cookies and similar methods to recognize visitors and remember their preferences. We may also use them to measure ad campaign effectiveness, target ads, and analyze site traffic. Depending on your location, you may opt-in or opt out of the use of these technologies. Search Illustration: Allie Carl/Axios Succinct, a startup building tooling for zero-knowledge proof technology, raised $43 million from Paradigm to make it easier for others to use advanced cryptography in their blockchain applications. Why it matters: Zero-knowledge proof technology, or ZK, has been seen as a key part of the roadmap to get major blockchains, such as Ethereum, fast enough that they can onboard the masses. The big picture: ZK allows users to do things, such as prove that someone resides in a certain city without revealing their exact address. The challenge today, Uma Roy, Succinct's CEO and co-founder, tells Axios, is that zero knowledge proofs are really hard to use. Succinct is building products tha
Explore this link on the map →