• 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

Divergence in Solana's BTC and USDT Pairs Signals Market Uncertainty

chest

Divergence in Solana's BTC and USDT pairs indicates market uncertainty, with BTC showing strength and USDT showing weakness.

user avatarMaya Lundqvist

Solana Price Action Suggests Potential Breakout

chest

Solana has been trading within a tight range, indicating a possible breakout as volatility decreases.

user avatarLeo van der Veen

CME Group Expands Crypto Futures Offerings with New Contracts

chest

CME Group expands its cryptocurrency offerings by launching new futures contracts for Cardano, Chainlink, and Stellar.

user avatarLi Weicheng

X Plans to Launch X Money Amid New Crypto Promotion Rules

chest

X plans to launch X Money, a new payments feature, as it lifts its ban on sponsored crypto content.

user avatarTenzin Dorje

X Lifts Ban on Sponsored Crypto Content, Introduces Paid Partnership Labels

chest

X has lifted its ban on sponsored crypto content, allowing influencers to monetize their posts with new paid partnership labels.

user avatarAisha Farooq

Massachusetts Prosecutors Target $327,829 in USDT from Dating App Scam

chest

Massachusetts prosecutors are seeking the civil forfeiture of $327,829 in USDT linked to a dating app scam that defrauded a resident through a fake cryptocurrency investment.

user avatarBayarjavkhlan Ganbaatar

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.