zkSync Rolls Out On-Chain Governance System for Long-Term Sustainability
CryptoNewsTerminal Staff12 Sep, 2024
zkSync Rolls Out On-Chain Governance System for Long-Term Sustainability
zkSync, an Ethereum (ETH) layer 2 network based on zero-knowledge (zk) technology, has unveiled an on-chain governance system. The system is designed to ensure the long-term sustainability of the network and is in line with the zkSync ethos and principles. The governance system vests power in the hands of the community, ensuring that no individual or group can unilaterally make changes to the zkSync protocol. This decentralized approach aligns with the core principles of transparency, participation, and community empowerment. The introduction of on-chain governance marks a significant step forward for zkSync, demonstrating the team's commitment to fostering a vibrant and engaged community. The system empowers stakeholders to actively participate in shaping the future of the network, fostering a sense of ownership and responsibility.
