Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

Canary Capital amends spot Litecoin ETF and HBAR ETF filings

October 8, 2025

Buying Homes With Bitcoin? $6-B Firm Says It’s Making That A ‘Priority’

October 8, 2025

Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown

October 8, 2025
Facebook X (Twitter) Instagram
Wednesday, October 8 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Ethereum layer-2 ZKsync faces scrutiny from Solana co-founder

September 13, 2024Updated:September 14, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum layer-2 ZKsync faces scrutiny from Solana co-founder
Share
Facebook Twitter LinkedIn Pinterest Email
ad



Ethereum layer-2 ZKsync faces scrutiny from Solana co-founder

Solana co-founder Anatoly Yakovenko has criticized the Ethereum layer-2 community ZKsync as a result of it nonetheless operates like a multisig system regardless of claims of community-led governance.

In a publish on X (previously Twitter), Yakovenko argued that the identical “sincere majority” assumptions apply to ZKsync as a result of its system’s authorized or technical management might simply fall underneath the jurisdiction of a courtroom, compromising its decentralization.

In line with him:

“Sufficient of the token holders to create a quorum and sufficient of the ‘skilled safety council’ might be inside attain of a rando US chapter choose that might order all of them take all of the bridged property underneath management of a chapter belief.”

His feedback had been in response to Alex Gluchowski, co-founder and CEO of Matter Labs, the group behind ZKsync. Gluchowski had claimed the community’s new decentralized governance system was not a multisig setup and making “a important step in the direction of Stage 2.”

Stage 2 refers to a transition from keen on full decentralization. On this stage, belief is positioned completely within the blockchain’s code and algorithms, making certain the system is open, safe, and immune to manipulation.

Notably, no Ethereum layer-2 community is completely in Stage 2 of its decentralization growth.

Decentralized governance

On Sept. 12, Gluchowski introduced that ZKsync’s governance system had gone stay.

The system introduces a three-body construction, which incorporates the ZK token meeting—a bunch of token holders who delegate their voting energy to delegates. These delegates can submit and vote on protocol, token, and governance improve proposals.

In line with the group:

“That is maybe crucial aspect of the system: token holders and their Delegates can provoke unusual upgrades to the ZKsync protocol immediately onchain, as a substitute of counting on a single multisig.”

In the meantime, Delegates may even have authorized safety by means of the ZKsync Affiliation, an ownerless non-profit that addresses private legal responsibility considerations.

The second a part of the governance construction is the ZKsync Safety Council, which consists of engineers, auditors, and safety professionals. The Council has the facility to evaluation and actively approve protocol upgrades, freeze the protocol, and submit needed time-sensitive upgrades.

Nonetheless, their energy is constrained as they can not submit and approve upgrades unilaterally.

Lastly, the ZKsync Guardians guarantee governance proposals align with the ideas of the ZK Credo. They maintain veto energy and function a test on the opposite governance our bodies.

The three governance entities—the Token Meeting, Safety Council, and Guardians—collaborate to evaluation and execute proposals, corresponding to ZKsync Enhancements, Token Applications, and Governance Advisory modifications. The Token Meeting can submit proposals, which the Guardians can veto if wanted, and the Safety Council should approve protocol upgrades.

Basically, this construction prevents people or teams from having unilateral management over proposals and upgrades.

Talked about on this article
Newest Alpha Market Report



Source link

ad
cofounder Ethereum Faces Layer2 scrutiny Solana ZKsync
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

Canary Capital amends spot Litecoin ETF and HBAR ETF filings

October 8, 2025

Buying Homes With Bitcoin? $6-B Firm Says It’s Making That A ‘Priority’

October 8, 2025

Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown

October 8, 2025

Bitcoin Price Retreats From Highs – Is The Market Signaling A Short-Term Top?

October 8, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
Canary Capital amends spot Litecoin ETF and HBAR ETF filings
October 8, 2025
Buying Homes With Bitcoin? $6-B Firm Says It’s Making That A ‘Priority’
October 8, 2025
Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown
October 8, 2025
Bitcoin Price Retreats From Highs – Is The Market Signaling A Short-Term Top?
October 8, 2025
Singapore Authorities Say Token2049 Organizer Not Covered by Russia Sanctions After A7A5 Appearance
October 8, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.