{"id":14215,"date":"2024-06-10T16:42:13","date_gmt":"2024-06-10T13:42:13","guid":{"rendered":"https:\/\/forklog.com\/en\/zksync-developers-unveil-governance-system-for-zk-nation\/"},"modified":"2024-06-10T16:42:13","modified_gmt":"2024-06-10T13:42:13","slug":"zksync-developers-unveil-governance-system-for-zk-nation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/zksync-developers-unveil-governance-system-for-zk-nation\/","title":{"rendered":"ZKsync Developers Unveil Governance System for ZK Nation"},"content":{"rendered":"<p>The Ethereum layer-two network ZKsync, developed by Matter Labs, has announced a new governance model for its ecosystem called ZK Nation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Welcome to ZK Nation, a community to govern, defend, and grow the ZKsync protocol.<\/p>\n<p>Read the full announcement here:<a href=\"https:\/\/t.co\/HRArUnJt3m\">https:\/\/t.co\/HRArUnJt3m<\/a> <a href=\"https:\/\/t.co\/GtgxmNalqN\">pic.twitter.com\/GtgxmNalqN<\/a><\/p>\n<p>\u2014 ZK Nation (@TheZKNation) <a href=\"https:\/\/twitter.com\/TheZKNation\/status\/1800093571825225974?ref_src=twsrc%5Etfw\">June 10, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cZK Nation is a community driven by the common goal of governing, defending, and developing the ZKsync protocol. [The initiative] brings the world closer to realizing the vision of <a href=\"https:\/\/github.com\/zksync\/credo?ref=blog.zknation.io\">ZK Credo<\/a>, uniting people, organizations, and technology to advance freedom and accelerate innovation,\u201d the blog states.<\/p>\n<\/blockquote>\n<p>According to the developers, the project integrates a new governance system to maintain decentralization guarantees.<\/p>\n<p>The announcement also mentioned a future governance token, ZK, intended for voting and delegating authority within the protocol.<\/p>\n<p>The ZK Nation system will allow coin holders to propose and vote on updates and changes to network parameters. The model&#8217;s structure will consist of three organizations:<\/p>\n<ul class=\"wp-block-list\">\n<li>Token Assembly \u2014 represented by ZK holders and delegates who \u201cpropose, discuss, and ratify initiatives governing the ecosystem\u201d;<\/li>\n<li>Security Council \u2014 a group of qualified developers, auditors, and specialists ensuring the protocol&#8217;s protection;<\/li>\n<li>Guardians \u2014 \u201cdefenders of the values of ZK Credo,\u201d who have the right to initiate or approve emergency actions in the network.<\/li>\n<\/ul>\n<p>The company clarified that these bodies are dispersed \u201cwithin various legal structures, ensuring maximum protection of coin issuance.\u201d Together, they will interact with ZKsync smart contracts and coordination channels, such as delegation functions and the voting portal on Tally.<\/p>\n<p>The network team promised to present a detailed governance structure for ZK Nation and token distribution details \u201cin the coming weeks.\u201d<\/p>\n<p>In May, The Block, citing sources, <a href=\"https:\/\/forklog.com\/en\/news\/zksync-plans-token-airdrop-for-june\">reported<\/a> on Matter Labs&#8217; plans to conduct a <span data-descr=\"Token Generation Event \u2013 an event where a new token is first issued and becomes available to the public\" class=\"old_tooltip\">TGE<\/span> for the coin. According to the publication, the token launch and airdrop will occur within 30 days of the event. The total supply will be 21 billion ZK.<\/p>\n<p>At the end of the same month, the Web3 infrastructure startup Polyhedra Network <a href=\"https:\/\/forklog.com\/en\/news\/polyhedra-to-adopt-zkj-ticker-ceding-zk-to-zksync\">announced<\/a> the adoption of the ZKJ ticker, relinquishing ZK in favor of ZKsync.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum layer-two network ZKsync, developed by Matter Labs, has announced a new governance model for its ecosystem called ZK Nation. 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 \u2014 ZK Nation (@TheZKNation) June 10, 2024 \u201cZK Nation is a community driven by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[755,1179,1518],"class_list":["post-14215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-community","tag-layer-2-solutions","tag-zksync"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14215"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14214"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}