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

Matter Labs Withdraws ZK Trademark Application Amid Community Opposition

user avatar

by Giorgi Kostiuk

2 years ago


Matter Labs made a decision to stop pursuing the trademark for 'ZK,' short for zero-knowledge proof, following significant pushback from industry stakeholders. This decision came after vocal criticisms from key figures in the cryptographic field, including renowned innovators like Shafi Goldwasser and Silvio Micali. The community's outcry emphasized the importance of keeping foundational technologies like zero-knowledge proofs accessible to all rather than being restricted by corporate ownership. Matter Labs originally sought to trademark terms related to 'ZK' but faced backlash, prompting a reversal of their trademark applications. The withdrawal of these applications, announced on social media, signifies a shift towards embracing open technology standards. The intention behind the trademark filings was to protect specific contexts like 'ZK Sync' and 'ZK Stack,' aiming to prevent misinterpretation in the market rather than claim exclusive rights to the terms. However, the broader blockchain community viewed this move as potentially hindering the advancement and wider use of ZK technologies. The controversy arose as Matter Labs' ZkSync network, known for its innovative use of ZK-proofs in Ethereum Layer 2 scaling, prepared for an airdrop. Despite the positive transaction volumes and significant role within the blockchain ecosystem, ZkSync opted not to pursue trademark protection, aligning with a more collaborative approach within the Ethereum Layer 2 landscape. By forgoing trademark applications, ZkSync maintains its position in the competitive environment while fostering innovation and adoption. The decision to retract the trademark bid reflects a commitment to openness and inclusivity in technological development, ensuring that essential tools like ZK remain freely available to drive industry progress.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Roman Storm Set for Retrial on Money Laundering Charges

chest

Federal prosecutors are moving to retry Roman Storm, co-founder of Tornado Cash, on charges of money laundering and sanctions violations.

user avatarKenji Takahashi

US Treasury Recognizes Legitimate Uses of Crypto Mixers

chest

This month, the US Treasury informed Congress that crypto mixers have legitimate uses, including protecting consumer privacy.

user avatarMaria Fernandez

Bitcoin Emerges as a Safe Haven Amid Geopolitical Tensions

chest

Bitcoin is gaining traction as a preferred safe haven asset during the ongoing Iran-US conflict, according to crypto expert Anthony Pompliano.

user avatarGustavo Mendoza

Ethereum Reclaims $2,000 Level Amidst Market Recovery

chest

Ethereum has regained the $2,000 level after weeks of volatility, signaling a brief relief for the market.

user avatarRajesh Kumar

TRON Becomes Gold Member of Agentic AI Foundation

chest

TRON has officially joined the Agentic AI Foundation as a Gold Member, securing a position on the Governing Board.

user avatarMiguel Rodriguez

TRX Shows Resilience in Current Market Conditions

chest

TRX shows resilience as it trades near $0.285, maintaining support above major moving averages, indicating sustained market demand and potential for future growth.

user avatarMiguel Rodriguez

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.