• 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

Potential Upside Targets for Ethereum

chest

A confirmed daily close above 3,000 would open the door for Ethereum to move toward the 3,190-3,310 range.

user avatarAndrew Smith

Key Support and Resistance Levels for Bitcoin Identified

chest

Key support and resistance levels for Bitcoin have been identified, with immediate support at 85,000-87,000 and major downside support at 74,000-75,000.

user avatarZainab Kamara

Ethereum's Momentum Indicators Turn Positive

chest

Ethereum's momentum indicators have turned positive, indicating growing bullish momentum and increasing buyer control.

user avatarJacob Williams

Ethereum Rebounds After Short Liquidations

chest

Ethereum has shown renewed strength following a rebound driven by forced short liquidations, shifting momentum in favor of buyers.

user avatarSon Min-ho

edgeX Community Memecoin MARU Launches with Withdrawal Options

chest

edgeX has launched its community memecoin MARU, with withdrawals expected to open soon.

user avatarKofi Adjeman

edgeX Plans New Product Launches Ahead of TGE

chest

The edgeX team has outlined a roadmap for new product launches, including US stock perpetual futures and a block explorer.

user avatarTando Nkube

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.