Cryptocurrencies

    zkSync launches zkNation for enhanced community governance

    Article Image

    zkSync (CRYPTO:ZK), an Ethereum (CRYPTO:ETH) layer two (L2) network developed by Matter Labs, has introduced ZK Nation, a community-driven governance system aimed at improving the Zksync protocol's governance, security, and scalability.

    ZK Nation empowers token holders to propose and vote on protocol upgrades and network parameter changes through three onchain bodies: the Token Assembly, Security Council, and Guardians.

    Since its mainnet launch in March 2023, Zksync has processed over 350 million transactions, and the introduction of ZK Nation marks a significant step in maintaining decentralisation and protocol resilience.

    More details on the governance structure will be shared with the Zksync community in the coming weeks.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa