• 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

Stablecoins Could Surpass Traditional Payment Networks by 2035, Says Chainalysis

chest

A Chainalysis report forecasts that stablecoins could handle up to 15 quadrillion in annual trading volume by 2035, potentially exceeding traditional payment systems.

user avatarRajesh Kumar

OpenAI Launches New Framework to Tackle AI-Driven Child Exploitation

chest

OpenAI has published a comprehensive policy framework aimed at addressing the rise of AI-enabled child sexual exploitation.

user avatarMiguel Rodriguez

Hyperliquid Traders Face Liquidations Amid Oil Price Plunge

chest

Hyperliquid traders faced widespread liquidations as oil prices dropped, resulting in significant losses for nearly 3,000 users.

user avatarLuis Flores

Bitcoin Long-Term Holder Supply Turns Positive Again

chest

Bitcoin's long-term holder supply has shifted back into positive territory, indicating a change in investor behavior.

user avatarArif Mukhtar

Ethereum's Price Structure Compared to Netflix's Historical Trading Pattern

chest

Crypto analyst Crypto Tice compares Ethereum's price structure to Netflix's trading behavior from 2003 to 2009, suggesting a potential breakout after long-term stagnation.

user avatarMaria Gutierrez

Moo Deng Meme Coin MOODENG Surges 65% Following Intruder News

chest

The Solana meme coin MOODENG has surged 65% in the last 24 hours following news of an intruder fined for entering Moo Deng's enclosure.

user avatarDavid Robinson

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.