ZKsync unveils new governance model with smart contracts

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Introduction of the new model
  2. Roles of different bodies
  3. Check and balance mechanisms


    4. ZKsync has officially launched a decentralized governance model that includes smart contracts and various mechanisms to maintain a balance of power.

    Introduction of the new model

    The Ethereum Layer 2 protocol ZKsync announced its new governance system in a blog post. It includes smart contracts and is active on the mainnet. The developers stated that the new governance model embodies their key principles, such as mission alignment and resilience.

    Roles of different bodies

    The governance model includes three bodies: Guardians, Security Council, and Token Assembly. The Guardians and Security Council ensure adherence to ZK Credo’s values and protect the protocol from threats. The Token Assembly allows token holders to delegate their voting power.

    Token holders and their Delegates can initiate ordinary upgrades to the ZKsync protocol directly on-chain instead of relying on a single multisig.

    Check and balance mechanisms

    The governance model includes a set of check-and-balance mechanisms to prevent any group from gaining too much power. The Guardians hold veto power over proposals, the Security Council ensures technical security, and the Token Assembly makes decisions on upgrades and token programs.

    The new ZKsync governance system allows the community to participate in decision-making while ensuring balance and protection for the protocol.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

user avatarMohamed Farouk

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

user avatarElias Mukuru

Panel Discussion on Trading Insights at Zoomex After Party

A flagship panel titled 'Where's the Edge' will feature industry KOLs discussing trading strategies and market dynamics.

user avatarKenji Takahashi

Ollie Bearman to Host Interactive QA at Zoomex Event

Ollie Bearman will host an interactive QA session at the ZOOMEX TRADERS AFTER PARTY on October 7, 2026, providing a unique opportunity for traders and motorsport fans to engage directly.

user avatarDiego Alvarez

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.