Solana co-founder Anatoly Yakovenko has criticized the Ethereum layer-2 community ZKsync because of it serene operates fancy a multisig system no topic claims of neighborhood-led governance.
In a post on X (formerly Twitter), Yakovenko argued that the identical “factual majority” assumptions note to ZKsync because of its system’s honest or technical control could perchance well perchance also without effort fall under the jurisdiction of a court docket, compromising its decentralization.
Per him:
“Enough of the token holders to device a quorum and adequate of the ‘professional safety council’ shall be within watch of a rando US bankruptcy judge that would also recount all of them rob the entire bridged belongings under control of a bankruptcy trust.”
His comments had been basically based on Alex Gluchowski, co-founder and CEO of Subject Labs, the crew in the abet of ZKsync. Gluchowski had claimed the community’s recent decentralized governance system develop into now not a multisig setup and making “a important step in direction of Stage 2.”
Stage 2 refers to a transition from partial to elephantine decentralization. In this stage, trust is positioned fully in the blockchain’s code and algorithms, making sure the system is launch, precise, and proof against manipulation.
Particularly, no Ethereum layer-2 community is fully in Stage 2 of its decentralization pattern.
Decentralized governance
On Sept. 12, Gluchowski announced that ZKsync’s governance system had long gone live.
The system introduces a 3-physiology, which involves the ZK token assembly—a community of token holders who delegate their balloting energy to delegates. These delegates can put up and vote on protocol, token, and governance upgrade proposals.
Per the crew:
“Here’s possibly the greatest ingredient of the system: token holders and their Delegates can provoke usual upgrades to the ZKsync protocol straight onchain, in situation of counting on a single multisig.”
Meanwhile, Delegates can even beget honest safety throughout the ZKsync Association, an ownerless non-income that addresses personal liability considerations.
The 2d portion of the governance structure is the ZKsync Security Council, which contains engineers, auditors, and safety experts. The Council has the energy to verify and actively approve protocol upgrades, freeze the protocol, and put up well-known time-tender upgrades.
Nonetheless, their energy is constrained as they are able to’t put up and approve upgrades unilaterally.
Lastly, the ZKsync Guardians device obvious governance proposals align with the solutions of the ZK Credo. They defend veto energy and abet as a test on the diversified governance bodies.
The three governance entities—the Token Assembly, Security Council, and Guardians—collaborate to verify and fabricate proposals, such as ZKsync Improvements, Token Capabilities, and Governance Advisory changes. The Token Assembly can put up proposals, which the Guardians can veto if wished, and the Security Council need to approve protocol upgrades.
Truly, this structure prevents folk or groups from having unilateral control over proposals and upgrades.
