Apr 26 2023 52 mins
In todays vVv deep dive we are pleased to welcome Uma Roy, Founder and CEO of Succinct Labs. Todays Deep Dive is hosted by Andy - vVv's CRO.
Succinct Labs mission is to build a decentralized, permissionless, and open-source interoperability layer for Ethereum and other platforms.
Their focus is on providing a better trust minimized bridge architecture, based on their novel "Proof of consensus" via Z.K. Snarks.
The bridge security is based on verification of consensus by light clients of a source chain and the execution layer of a target chain.
Succinct uses the "Sync Committee" which is a random subset of 512 Ethereum validators that rotates every 27 hours.
This offers slightly less security but is good enough for a light client to verify the consensus of the chain.
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