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ZkSync Unveils a New Community-Driven Governance Model

ZkSync Unveils a New Community-Driven Governance Model

ZkSync, a Layer 2 network on Ethereum developed by Matter Labs, has unveiled a new community-led governance model named ZK Nation.

Described as a collective united in guiding, safeguarding, and advancing the zkSync protocol, ZK Nation aims to bolster decentralization guarantees.

The initiative aligns with the network’s upcoming token generation event and airdrop, set to enhance decentralization.

The introduction of this governance framework empowers community members to propose and vote on protocol enhancements and network adjustments.

READ MORE: Cardano’s Charles Hoskinson Hints at Game-Changing Upgrade

ZK Nation comprises three on-chain entities: the Token Assembly, the Security Council, and the Guardians.

These entities, operating under distinct legal frameworks, offer comprehensive protection for the Token Assembly while engaging with zkSync’s smart contracts and coordination platforms like the initial delegation and voting portal on Tally.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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