Paradigm-backed startup Succinct collaborates with OP Labs to address ZK Rollups challenges.

Paradigm-backed startups Succinct Labs and $OP Labs have collaborated to launch the '$OP Succinct' solution, aiming to improve ZK Rollups in Ethereum L2 scaling using zero-knowledge proofs (ZK proof). This solution can upgrade the $OP Stack chain within an hour, offering faster transaction processing speed and lower costs compared to traditional Optimistic Rollups. It is expected to significantly enhance Ethereum's scalability and transaction efficiency. (TheBlock)