{"id":171429,"date":"2024-09-13T11:09:54","date_gmt":"2024-09-13T11:09:54","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=171429"},"modified":"2024-09-13T11:09:58","modified_gmt":"2024-09-13T11:09:58","slug":"zksync-introduces-governance-model-on-mainnet-with-token-voting-and-security-controls","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/zksync-introduces-governance-model-on-mainnet-with-token-voting-and-security-controls\/","title":{"rendered":"ZKsync Introduces Governance Model on Mainnet with Token Voting and Security Controls"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Decentralized Governance<\/span><\/strong><span data-preserver-spaces=\"true\">: ZKsync has launched a decentralized governance model on the mainnet, allowing the community to drive protocol updates through on-chain contracts.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Three Governance Bodies<\/span><\/strong><span data-preserver-spaces=\"true\">: The model includes the Token Assembly, Security Council, and Guardians, each with distinct roles to ensure balanced control and security.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Resilient and Independent<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: The system is designed to be resilient, supporting the ability to fork or exit, and ensuring the protocol can progress independently even if one governing body faces challenges.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">ZKsync, <\/span><\/strong><span data-preserver-spaces=\"true\">a leading <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-ethereum\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Ethereum <\/span><\/a><span data-preserver-spaces=\"true\">Layer 2 scaling solution, <\/span><strong><span data-preserver-spaces=\"true\">has officially <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/blog.zknation.io\/zksync-governance-system\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">launched <\/span><\/a><span data-preserver-spaces=\"true\">its decentralized governance model on the mainnet.<\/span><\/strong><span data-preserver-spaces=\"true\"> This new system empowers the community to drive protocol updates through on-chain contracts, ensuring a resilient and decentralized decision-making process.<\/span><!--more--><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Community-Driven Protocol Updates<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The governance model is structured around three independent bodies: the <\/span><strong><span data-preserver-spaces=\"true\">Token Assembly<\/span><\/strong><span data-preserver-spaces=\"true\">, <\/span><strong><span data-preserver-spaces=\"true\">Security Council<\/span><\/strong><span data-preserver-spaces=\"true\">, and <\/span><strong><span data-preserver-spaces=\"true\">Guardians<\/span><\/strong><span data-preserver-spaces=\"true\">. Each group has distinct responsibilities to maintain balanced control over the protocol\u2019s future. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The Token Assembly<\/span><\/strong><span data-preserver-spaces=\"true\">, composed of token holders and their delegates,<\/span><strong><span data-preserver-spaces=\"true\"> can propose and vote on protocol upgrades.<\/span><\/strong><span data-preserver-spaces=\"true\"> This setup allows for on-chain decision-making, preventing any single group from having complete control.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Security and Integrity<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-171430\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/zkSync.jpg\" alt=\"ZKsync Introduces Governance Model on Mainnet with Token Voting and Security Controls\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/zkSync.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/zkSync-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/zkSync-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The <\/span><strong><span data-preserver-spaces=\"true\">Security Council<\/span><\/strong><span data-preserver-spaces=\"true\"> plays a crucial role in protecting the protocol\u2019s technical integrity. Composed of engineers and auditors, it <\/span><strong><span data-preserver-spaces=\"true\">reviews and approves upgrades<\/span><\/strong><span data-preserver-spaces=\"true\">, especially those addressing security risks. The<\/span><strong><span data-preserver-spaces=\"true\"> Guardians<\/span><\/strong> <strong><span data-preserver-spaces=\"true\">ensure that all proposals align with ZKsync\u2019s fundamental values<\/span><\/strong><span data-preserver-spaces=\"true\"> and can veto any decisions that go against the community\u2019s mission.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">zkSync&#8217;s Decentralized Governance Principles<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/zksync\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">ZKsync<\/span><\/a><span data-preserver-spaces=\"true\">\u2019s governance model<\/span><\/strong><span data-preserver-spaces=\"true\"> is based on principles of <\/span><strong><span data-preserver-spaces=\"true\">resilience<\/span><\/strong><span data-preserver-spaces=\"true\">, <\/span><strong><span data-preserver-spaces=\"true\">decentralization<\/span><\/strong><span data-preserver-spaces=\"true\">, and <\/span><strong><span data-preserver-spaces=\"true\">alignment <\/span><\/strong><span data-preserver-spaces=\"true\">with its mission. It supports the ability to fork or exit, giving the community the power to independently verify decisions and take action when necessary. The system guarantees that if one governing authority faces challenges, the protocol can still progress on its own.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The governance bodies collaborate to handle three main types of proposals: <\/span><strong><span data-preserver-spaces=\"true\">ZKsync Improvement Proposals<\/span><\/strong><span data-preserver-spaces=\"true\"> (ZIPs) for protocol upgrades, <\/span><strong><span data-preserver-spaces=\"true\">Token Program Proposals<\/span><\/strong><span data-preserver-spaces=\"true\"> (TPPs) for managing ZK token features, and <\/span><strong><span data-preserver-spaces=\"true\">Governance Advisory Proposals<\/span><\/strong><span data-preserver-spaces=\"true\"> (GAPs) for off-chain decisions. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Every proposal is carefully examined by the Guardians and undergoes a technical assessment by the Security Council, guaranteeing that the system stays decentralized.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">A New Benchmark for Decentralized Systems<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This new governance model establishes a benchmark for the operation of decentralized systems. All modifiable aspects of the ZKsync protocol are now embedded within a system of checks and balances. Control of ZKsync is not held by any single entity or group but is managed through consensus among independent parties.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Decentralized Governance: ZKsync has launched a decentralized governance model on the mainnet, allowing the community to drive protocol updates through on-chain contracts. Three Governance Bodies: The model includes the Token Assembly, Security Council, and Guardians, each with distinct roles to ensure balanced control and security. Resilient and Independent: The system is designed to be &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"ZKsync Introduces Governance Model on Mainnet with Token Voting and Security Controls\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/zksync-introduces-governance-model-on-mainnet-with-token-voting-and-security-controls\/#more-171429\" aria-label=\"More on ZKsync Introduces Governance Model on Mainnet with Token Voting and Security Controls\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":171431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9356,74],"tags":[4620,4679,5170,9822],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/171429"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=171429"}],"version-history":[{"count":2,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/171429\/revisions"}],"predecessor-version":[{"id":171433,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/171429\/revisions\/171433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/171431"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=171429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=171429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=171429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}