Matter Labs has renounced its trademark application for zkSync. “ZK” — short for “zero knowledge” proofs.
Three days earlier, senior ZK researchers had criticized the company’s conduct. “in the strongest possible terms,” It is important to emphasize that ZK innovation should be instead a “public good” What is “accessible to all.”
“As a result of these conversations, we decided to drop all trademark applications,” In a post on June 2, X, Matter Labs made the following statement.
“It would be impossible to reach an agreement on a group of persons who were almost universally recognized as credibly impartial. What worked for Ethereum may not be applicable to the entire world.”
ZK proponents stated, in a publicly available letter, that ZKs must remain public goods and should not be a corporate trademark. A firm that attempted to use legal means to annexe a common good would have violated a cryptocurrency industry fundamental.
“If the company goes through with this, it will be separating itself from the very community it claims to be a part of,” The signatories of the May 30, 2010 letter.
Signed by seven people letterShafi GOLDFELD and Silvio MICALI, two of the creators of ZK-proofs; StarkWare CEO Eli Ben-Sasson; and Polygon Labs’ co-founder Sandeep Nailwal.
Matter Labs First stated It applied for ZK trademarks in order to allow ZK to be used freely. “ZK Sync,” “ZK Stack,” The company’s name and any other related names.
“A common misconception is that having a trademark means you legally own a particular word or phrase and can prevent others from using it,” Matter Labs has stated. “However, you don’t have rights to the word or phrase in general, only to how that word or phrase is used with your specific goods or services.”
ZkSync filed a trademark just before the protocol went into effect. preparing for an airdrop The event is scheduled to take place in mid-June.
ZkSync was designed on ZK and is the Ethereum Layer 2 blockchain that has gained most popularity.proof Rather than using the roll-up optimistic strategy of networks such as Optimism Arbitrum or Blast, it is better to use technology.
Circle, an issuer of USDC-stablecoin announced that it would launch its USDC-stablecoin on the 28th March. integrated into the ZkSync ecosystem. This integration represents a significant step towards improving the usability and liquidity of zkSync, resulting in increased productivity and cost savings.
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Source: crypto.news