• 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

Experts Predict SEA Tokens Market Impact

chest

Experts predict that the launch of the SEA token could significantly reshape trading paradigms within the cryptocurrency market.

user avatarKaterina Papadopoulou

OpenSea Sets 2026 for SEA Token Launch

chest

OpenSea has announced the launch of its SEA token, scheduled for Q1 2026, aiming to enhance user rewards and expand the marketplace's capabilities.

user avatarMaya Lundqvist

Ripple Broadens Payment Operations in Singapore.

chest

Ripple's Singapore subsidiary receives approval for expanded payment activities.

user avatarLeo van der Veen

Chainlink Launches First US ETF but Faces Technical Challenges

chest

Chainlink has launched the first US ETF tracking its coin, but technical indicators suggest caution for investors.

user avatarLi Weicheng

Sky Protocol Executes Aggressive Buyback of 341 Million SKY Tokens

chest

Sky Protocol has executed an aggressive buyback of 341 million SKY tokens to support token value and demonstrate confidence in the project's future.

user avatarAisha Farooq

HTX Unveils Enhanced Futures Copy Trading 40 with Smart Copy Mode

chest

HTX has officially launched its upgraded Futures Copy Trading 40, featuring a new Smart Copy mode that enhances user experience and trading efficiency.

user avatarTenzin Dorje

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.