Succinct

General Application

Remote

Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
AI & Machine Learning, Crypto & Web3, Quantitative FinanceIndustries

Position Overview

  • Location Type: Hybrid (Preference for San Francisco, Open to Remote)
  • Job Type: Full-Time
  • Salary: Not specified (Revenue from customers indicates a competitive compensation package)

Succinct is building zero-knowledge proofs accessible to any developer. SP1 is a state-of-the-art zkVM with performance rivaling custom ZK circuits, allowing developers to use ZK with normal programming languages like Rust. The Succinct Prover Network is a hosted infrastructure layer for outsourcing proof generation. Top teams like Celestia, Wormhole, Lido, Avail, Near, and Gnosis are currently utilizing Succinct’s infrastructure. The company recently secured a $55 million raise led by Paradigm and is looking for exceptional individuals to join a small but strong team working on challenging and impactful problems in a fast-paced environment.

Requirements

  • Not specified in the provided text.

Responsibilities

  • Not specified in the provided text.

Application Instructions

  • Submit a resume through the company's careers page.
  • Exceptional candidates not seeing a suitable role posted are encouraged to apply.

Company Information

  • Location: San Francisco (Preference) / Remote
  • Funding: Recently raised $55 million
  • Notable Customers: Celestia, Wormhole, Lido, Avail, Near, Gnosis
  • Technology Focus: Zero-Knowledge Proofs (ZKPs), zkVM, Succinct Prover Network

Skills

Zero-Knowledge Proofs
ZKPs
zkVM
Rust
Programming Languages

Succinct

Enhances blockchain interoperability and efficiency

About Succinct

Succinct.xyz focuses on improving blockchain technology, particularly in interoperability and efficiency. The company develops tools and protocols that enhance the performance of blockchain networks. One of their main products is a verifiable proof of Bitcoin block headers, which allows users to verify blockchain data without downloading the entire blockchain, speeding up the process. Another key offering is "Telepathy," a decentralized zkSNARK interoperability protocol for Ethereum, enabling secure communication between different blockchain networks. Additionally, they provide a gas-efficient on-chain light client for Ethereum's Proof of Stake system, which reduces the resources needed for transaction verification. Succinct.xyz differentiates itself by offering advanced solutions that help clients achieve better efficiency and interoperability in their blockchain operations, aiming to support developers, enthusiasts, and enterprises in the blockchain space.

San Francisco, CaliforniaHeadquarters
2022Year Founded
$53.5MTotal Funding
SERIES_ACompany Stage
Data & Analytics, Crypto & Web3Industries
11-50Employees

Risks

Competition from Polkadot and Cosmos may impact Succinct's market share.
Rapid zkSNARK technology evolution could render current offerings obsolete without innovation.
Regulatory scrutiny on cross-chain transactions may pose compliance challenges for Succinct.

Differentiation

Succinct offers the first decentralized zkSNARK interoperability protocol for Ethereum, enhancing security.
Their verifiable proof of Bitcoin block headers improves light node syncing efficiency.
Succinct's gas-efficient on-chain light client reduces computational resources for Ethereum's PoS system.

Upsides

Partnership with Mantle Network positions Succinct as a leader in ZK validity rollup technology.
Collaboration with OP Labs advances Ethereum's layer-2 solutions, enhancing Succinct's market position.
$55 million funding round supports accelerated development of zero-knowledge proof infrastructure.

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