• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Matter Labs Withdraws Trademark Applications for ZK

user avatar

by Giorgi Kostiuk

2 years ago


Matter Labs Withdraws Trademark Applications for ZK

Matter Labs, the team known for the Ethereum layer-2 scaling solution zkSync, has decided to withdraw all trademark applications for the term “ZK” denoting zero-knowledge proofs. This choice came after strong opposition from leading ZK researchers and developers.

A group of influential personalities within the zero-knowledge field, including Shafi Goldwasser, Silvio Micali, Eli Ben-Sasson, and Sandeep Nailwal, released a joint statement on May 30 criticizing Matter Labs’ move to trademark “ZK”. They argued that zero-knowledge proofs must remain a public asset and disapproved of the company's attempt to claim exclusive rights over a technology that benefits everyone.

In response to the community’s disapproval, Matter Labs made an announcement on June 2 stating the withdrawal of all trademark filings associated with the term “ZK”. The company acknowledged the challenges in reaching a consensus on intellectual property matters that are perceived neutrally by the community at large. The announcement emphasized a spirit of unity and equal access to technology.

For further details, consult the CryptoTale article.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Developers Focus on Binance Smart Chain Projects

chest

Santiment shares insights on developer activity in Binance Smart Chain projects over the last 30 days, highlighting ongoing interest and focus on both established and altcoin projects.

user avatarAndrew Smith

Investors Urged to Navigate Bitcoin Volatility with Strategy

chest

Investors are advised to adopt clear strategies to manage Bitcoin's price swings effectively.

user avatarJacob Williams

Benchmark Raises Price Target for Hut 8 Amid AI Expansion

chest

Benchmark analyst Mark Palmer has raised the price target for Hut 8 from $78 to $85, citing the company's strategic pivot towards AI data center development.

user avatarZainab Kamara

Hut 8 Announces Major AI Infrastructure Partnership

chest

Hut 8 has announced a partnership with Anthropic and Fluidstack to accelerate the deployment of hyperscale AI infrastructure in the United States, supported by a financial backstop from Google.

user avatarSon Min-ho

Regulatory Pressure from Elizabeth Warren Intensifies Uncertainty in Crypto Markets

chest

Elizabeth Warren's scrutiny of decentralized exchanges has heightened regulatory uncertainty in the crypto space.

user avatarTando Nkube

Stellar Faces Bearish Momentum with Potential Reversal Signals

chest

Stellar's XLM is under bearish pressure, but technical indicators suggest a potential reversal could be forming.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.