Key points of the news:
- ZKsync announces ZK Nation, a community governance system to empower token holders in protocol development.
- Users can actively participate in key protocol decisions and network changes by proposing, voting, and deliberating on improvements.
- Developed by Matter Labs, ZKsync is a scalable solution for Ethereum, with high performance and low transaction costs.
ZKsync, a layer 2 solution for the Ethereum network, has announced the launch of ZK Nation, a community governance system. It was designed to empower token holders in the development and evolution of the protocol.
The new governance system allows users to actively participate in making decisions about key protocol upgrades and network changes. With ZK Nation, ZKsync token holders can propose, vote, and deliberate on significant improvements, paving the way for a truly decentralized and collaborative approach to protocol development.
Welcome to ZK Nation, a community to govern, defend, and grow the ZKsync protocol.
Read the full announcement here:https://t.co/HRArUnJt3m pic.twitter.com/GtgxmNalqN
— ZK Nation (@TheZKNation) June 10, 2024
The protocol, developed by Matter Labs, has proven to be a scalable solution for Ethereum with high performance and low transaction costs. Since the launch of ZKsync Era on the mainnet in March 2023, there has been significant adoption, with over 6 million wallet addresses created and more than 350 million transactions validated in just over a year.
zkSync and True Decentralization
The introduction of the new governance system coincides with an event organized by zkSync. There are expectations that an airdrop will also take place this month. The protocol expects that the release of tokens will contribute to decentralizing the network. The protocol commits to driving innovation and progress while ensuring the security and integrity of its ecosystem. It aims to lead the market for Ethereum scaling solutions.
The ZKsync governance system consists of three on-chain governance bodies: the Token Assembly, the Security Council, and the Guardians. Each of these bodies plays a specific role in overseeing and developing the protocol, ensuring both social and technical decentralization.
With ZK Nation, the community has the opportunity to actively contribute to the evolution of the Ethereum network and shape the future of the protocol and the industry as a whole. This collaborative and decentralized approach reflects the fundamental values of cryptocurrencies and blockchain technology.
