🔥The issue that @SuccinctLabs is facing
In the current design of @SuccinctLabs, the deposit, withdrawal, or staking of the $PROVE token all takes place on Ethereum.
However, the Ethereum network is facing a problem: the fees are rising when the demand for use increases.
For example, during the recent $ERA claim, it cost several dozen dollars in gas fees. Or during the deposit to participate in the ICO of @PlasmaFDN, whales had to pay as much as 100 thousand dollars in fees.
Therefore, when the Ethereum network is active and fees are high, it creates a limitation for users on Succinct, specifically: high fees when staking and depositing/withdrawing.
Ethereum has plans to upgrade to address the issues of speed and high fees with zkEVM L1 and Beam chain, but it will take 3-5 years to see results.
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