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.
Matter Labs Withdraws ZK Trademark Application Amid Community Opposition

by Giorgi Kostiuk
2 years ago

Other news
Ethereum's Holder Count Surpasses Bitcoin's by 32 Times

Ethereum's holder count has surpassed Bitcoin's by 32 times, with over 18.9 million non-empty addresses recorded.

Market Sentiment Shifts, Impacting XRP Price Performance

Recent shifts in market sentiment have led to a pullback in XRP's price, despite strong buying activity in futures positions.

Michael Saylor's Strategy Could Acquire $30 Billion in Bitcoin

JPMorgan analysts predict that Michael Saylor's Strategy could purchase approximately $30 billion worth of Bitcoin this year if the current acquisition pace continues.

Russell 2000 Breakout Signals New Bitcoin Bull Market

Bull Theory suggests that the recent breakout in the Russell 2000 index signals the onset of another major Bitcoin bull market.

Vincent Van Code Explains the Potential of a Fed Master Account for XRP

Crypto expert Vincent Van Code explains the implications of a 5 trillion Fed master account for Ripple and XRP.

Long-term Bitcoin Holders Increase Their Accumulation

Long-term Bitcoin holders have significantly increased their accumulation, with demand from accumulator addresses climbing to 264,000 BTC on May 6, marking a 60% increase from just two weeks earlier.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter