CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

Matter Labs Abandons ‘ZK’ Trademark Following Community Outcry

June 3, 2024
in Crypto News
Reading Time: 2 mins read
A A
0
ConsenSys-Backed Linea Slams Matter Labs’ Power Grab Over ‘Zero-Knowledge’ Tech
0
SHARES
4
VIEWS
ShareShareShareShareShare

RELATED POSTS

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

Matter Labs, the developer behind the ZkSync Ethereum Layer 2 network, has decided to abandon its efforts to trademark the term “ZK.”

In an update on June 3rd, Matter Labs said its decision to abandon its efforts to trademark the term “ZK” stems from the reasoning that it is “impossible to agree on a group of people perceived as credibly neutral by nearly everyone.”

Matter Labs Drops “ZK” Trademark Effort

Matter Labs had previously filed to trademark the term zero-knowledge (ZK) in nine countries, subsequently clashing with Polyhedra Network over using ZK as a ticker symbol. This resulted in a week-long dispute with Polyhedra Network condemning Matter Labs’ actions and accusing them of bullying and undermining the principles of Web3.

Soon after this, several industry players backed Polyhedra and argued that such a move by Matter Labs would privatize a public resource.

As backlash intensified, Matter Labs dropped its trademark plans and explained, in an official statement, that what might work within the Ethereum ecosystem wouldn’t necessarily be applicable or effective on a global scale, given the diversity of perspectives, interests, and stakeholders involved.

“We’re proud to be a part of a movement that cares so deeply about cypherpunk values. And we are incredibly grateful to the zksync community in particular for the thousands of messages of support we received, once again affirming that community is everything. ZK summer is imminent.”

Opposition

Prominent key figures from ZK projects, such as Shafi Goldwasser and Silvio Micali, co-inventors of ZK proofs, Sandeep Nailwal and Brendan Farmer, co-founders of Polygon, and Eli Ben-Sasson, CEO of StarkWare, jointly issued a statement expressing strong opposition to the move.

The statement highlighted that accessibility to “ZK” should be maintained for all parties involved while at the same time addressing concerns that proceeding with the trademark would alienate Matter Labs from the very community it purports to serve.

StarkWare, a software company that develops ZK-proof technology, deemed the behavior “oppressive.” Subsequently, ConsenSys-backed Layer 2 scaling solution Linea also rallied behind the industry proponents and condemned Matter Labs for trying to violate the ethos of the cryptocurrency industry by pursuing the trademark.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

Credit: Source link

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

Sleeping Bitcoins Worth $13.87M Move After 11 Years, Transfer Exposes 2013 Whale

Next Post

Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTs

Related Posts

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
Crypto News

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

April 14, 2026
Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)
Crypto News

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

April 8, 2026
Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link
Crypto News

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

April 8, 2026
Next Post
Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTs

Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTs

Bitcoin Primed To Go Higher, but One Ethereum-Based Altcoin Will Outperform BTC: Crypto Analyst Benjamin Cowen

Trader Says Ethereum-Based Altcoin ‘About To Get Sent,’ Predicts Massive Q4 Rallies for Bitcoin, ETH and Solana

Recommended Stories

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

April 14, 2026
Can US-Iran new peace deal signal keep Bitcoin above $70,000?

Can US-Iran new peace deal signal keep Bitcoin above $70,000?

April 8, 2026
SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News

April 11, 2026

Popular Stories

  • Winklevoss Twins Continue Crypto Donation Spree With Another $1,000,000 in Bitcoin (BTC)

    Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins

    0 shares
    Share 0 Tweet 0
  • Gensler says SEC can consider tailoring rules for crypto industry compliance

    0 shares
    Share 0 Tweet 0
  • Elon Musk Promises to Step Down as Head of Twitter — Edward Snowden Throws His Name in the Hat for CEO – Featured Bitcoin News

    0 shares
    Share 0 Tweet 0
  • Central Banks Boost Gold Holdings Amid Global Geopolitical Tensions and Economic Uncertainty

    0 shares
    Share 0 Tweet 0
  • Decentralized Exchange Volume Surpasses $1 Trillion in 2021, Uniswap Leads the Pack – Defi Bitcoin News

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
  • SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
  • Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.