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TL;DR Decentralized Governance: ZKsync has launched a decentralized governance model on the mainnet, allowing the community to drive protocol updates through on-chain contracts. Three Governance Bodies: The model includes the Token Assembly, Security Council, and Guardians, each with distinct roles to ensure balanced control and security.
Treasure DAO will vote to decide whether to migrate its Web3 gaming from Arbitrum to ZKsync. Karel Vuong noted that ZKsync's technology better fits Treasure's decentralized gaming.
ZKsync's governance model is based on the principles of resilience, decentralization, and alignment with its mission.
ZKsync has officially launched its governance model, which includes smart contracts that are now active on the mainnet.
Proponents of migration plan see ZKsync as more 'suited' to Treasure DAO's long-term plans for decentralized gaming.
Matter Labs has hired Meghan Hughes, the former VP of Marketing at the Solana Foundation, as its new chief marketing officer.
LayerZero's CEO commented on the inclusion of a “big Sybil hunt” to block bots and reward real users. The main reason for Sybil filtering was due to fake accounts trying to claim airdropped tokens.
Major Crypto exchange Coinbase has revealed additional listings this week. Specifically in the past day, Coinbase announced the addition of zkSync (ZK) to its listing road map.
American cryptocurrency exchange Coinbase has announced the potential listing of zkSync (ZK), causing a visible uptick in market valuation. Precisely, the publicly listed company added the ZK token to its roadmap, suggesting imminent listing for the Ethereum Layer 2 scaling solution.
Matter Labs reduces its workforce by 16% in response to market and business changes. The company promotes decentralization and operational efficiency.
A total of 24 employees were affected by the layoffs, which come as the company attempts to navigate the growing field of Ethereum layer-2s.
TL;DR Matter Labs reduces its workforce by 16% due to decreased demand for its ZKsync Era protocol. ZKsync's activity has dropped from over 455,000 active addresses in April to approximately 92,620 currently. The company is adjusting its strategy and resources to align with the shift in market demand and the increased need for ZK Chains.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Matter Labs, the company behind Ethereum Layer-2 protocol zkSync, has announced its plans to restructure the organization. Unfortunately, this involves a couple of staff reduction that impacted about 16% of the Matter Labs' team.
Matter Labs' workforce reduction highlights the challenges and competitive pressures in the evolving Ethereum layer-2 blockchain ecosystem. The post ZKsync's Matter Labs cuts 16% of workforce in restructuring move appeared first on Crypto Briefing.
CEO Alex Gluchowski said the market environment and business needs have changed significantly over the course of this year.
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Avalanche's and zkSync's Discord channels were hacked by cybercriminals as they lured users to click malicious links. Polygon's Discord channel went through the same ordeal on August 24.
The official Avalanche account reported a hacked Discord server. The official ZkSync Discord was also infiltrated hours later of the Avalanche exploit.
The crypto community was left reeling after the official Discord servers of Polygon, Avalanche and ZKsync were hacked to spread malicious links.
TL;DR Avalanche and ZKsync Discords Compromised: Following a similar breach on Polygon's Discord, the official servers of Avalanche and ZKsync were compromised, raising significant security concerns within the crypto community.
Recent Discord breaches across Polygon, Avalanche, and ZkSync caused major losses and token drops.
Crypto scammers targeted the Discord servers of several crypto projects over the weekend in a series of attacks.
