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ZK rolldown compatible for EVM Officially, ZKsync has introduced its governance mechanism, which consists of now mainnet active smart contracts.
“Built on a distributed approach that lets the community help to make collective decisions for the future of the protocol, the newly active governance system lets Aiming for a balanced distribution of governance power, this architecture is set around three major bodies: the Token Assembly, Security Council, and Guardians.” ZKsync stated in a blog post.
The design of the governing structure holds that no one party has total influence. Token Assembly lets token holders and their delegates suggest and cast votes on improvements straight forward. Security professionals on the Security Council can check and approve code revisions. The Guardians have veto authority to guarantee that all decisions complement the central ideals of the ZKsync ecosystem.
In March 2023, Matter Labs debuted their Era mainnet. The project unveiled comprehensive designs for its governance system in June 2024, and the ZK token was issued along with an airdrop. Daily transactions in the network have clearly dropped since then. From over 1.3 million to about 195,000 now, the seven-day moving average of the daily transaction count on the ZK Rollup has dropped by almost 85%.
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