• 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

DASH Approaches Key Resistance at 100

chest

DASH is nearing the 100 mark, a significant resistance level that could impact future price movements.

user avatarBayarjavkhlan Ganbaatar

DASH Price Surges After Breaking Key Resistance Levels

chest

DASH has experienced a significant price increase after a prolonged period of low activity, indicating a shift in market sentiment.

user avatarMohamed Farouk

CLARITY Act Delay Viewed as Strategic Move

chest

Many analysts and traders view the recent delay in the CLARITY Act as a strategic negotiation tactic, with increased optimism about its chances of passage.

user avatarDiego Alvarez

Bitcoin Hyper Attracts Investment with Layer2 Technology

chest

Bitcoin Hyper has raised over 295 million in funding, focusing on making Bitcoin programmable.

user avatarElias Mukuru

Ozak AI Sees Strong Demand Amid Phase 7 Presale

chest

Ozak AI is experiencing strong demand during its Phase 7 presale, having raised over 563 million and attracting significant interest from corporate treasuries and whale wallets.

user avatarKenji Takahashi

Jason Atkins Addresses Crypto Liquidity Concerns

chest

Jason Atkins, Chief Commercial Officer of Auros, addresses crypto liquidity concerns, emphasizing the importance of liquidity for market stability and seamless transactions.

user avatarMaria Fernandez

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.