Solana co-founder Anatoly Yakovenko criticized the ZKSync Ethereum layer-2 community for nonetheless working as a multisig system regardless of claims of neighborhood governance.
In a submit on X (previously Twitter), Jakovenko argued that the identical “sincere majority” assumptions apply to ZKSync, as a authorized or technical evaluate of its system might simply fall beneath the jurisdiction of a court docket, jeopardizing its decentralization.
Based on him:
“Sufficient token holders to type a quorum and sufficient of a 'skilled safety board' could possibly be inside attain of a random US chapter decide who might order all of them to take all bridged belongings beneath the management of a chapter belief.”
His feedback had been in response to Alex Gluchowski, co-founder and CEO of Matter Labs, the workforce behind ZKSync. Gluchowski claimed that the brand new decentralized community administration system was not a multisig setup and made a “crucial step in direction of Part 2”.
Part 2 refers back to the transition from keen on full decentralization. At this stage, full belief is positioned within the blockchain code and algorithms, guaranteeing that the system is open, safe and tamper-proof.
Notably, no Ethereum layer 2 community is sort of at stage 2 of its decentralization growth.
Decentralized administration
On September 12, Gluchowski introduced that the ZKSync administration system was launched.
The system introduces a three-body construction that features the ZK token meeting – a bunch of token holders who delegate their voting powers to delegates. These delegates can submit and vote on protocol, token, and governance improve proposals.
By workforce:
“That is maybe crucial side of the system: token holders and their delegates can provoke widespread upgrades to the ZKsync protocol instantly on-chain, as an alternative of counting on a single multisig.”
Within the meantime, delegates may have authorized safety via the ZKSync Affiliation, a non-profit, owner-less group devoted to non-public legal responsibility.
The second a part of the administration construction is the ZKSync Safety Council, which consists of engineers, auditors and safety professionals. The board has the authority to evaluate and actively approve protocol upgrades, freeze the protocol, and submit crucial time-sensitive upgrades.
Nonetheless, their energy is restricted as they can not unilaterally submit and approve upgrades.
Lastly, ZKSync custodians be sure that governance proposals are in keeping with the rules of the ZK Credo. They’ve veto energy and function a verify on different administrative our bodies.
The three governing entities – Token Meeting, Safety Council and Guardians – work collectively to evaluate and implement proposals equivalent to ZKSync enhancements, token applications and Governance Advisory modifications. The Token Gathering could make proposals that the Guardians can veto if crucial, and the Safety Council should approve protocol updates.
This construction primarily prevents people or teams from having unilateral management over designs and updates.
