• 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

Ethena ENA Short-Term Price Outlook Remains Bearish

chest

The short-term outlook for Ethena ENA indicates continued bearish pressure with significant resistance levels.

user avatarGustavo Mendoza

Legal and Technical Shifts to Propel Crypto Infrastructure

chest

The report from a16z highlights the importance of legal and technical alignment in advancing crypto infrastructure.

user avatarMiguel Rodriguez

Federal Reserve Adjusts Crypto Oversight Protocols

chest

The Federal Reserve has recently transitioned its crypto supervision to standard protocols, marking a significant shift in regulatory strategy.

user avatarRajesh Kumar

Behavioral Science in Live Betting

chest

Neuroimaging studies reveal that the dopamine pathways activated by sports betting are similar to those in high-frequency stock trading, leading to addictive behaviors.

user avatarArif Mukhtar

The Rise of MicroMarkets in Sports Betting

chest

Microbetting is becoming a significant growth area, allowing bettors to wager on specific, short-term in-game moments.

user avatarLuis Flores

Technological Advancements in Live Betting

chest

The transition to real-time data streaming has revolutionized live betting, allowing for immediate odds recalculations and enhanced user experience.

user avatarAndrew Smith

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.