๐Buckle up, Bitcoiners! We've got a crypto controversy on our hands! ๐ฟ
ConsenSys-backed Layer 2 network, Linea, is backing StarkWare in its denouncement of Matter Labs' attempt to trademark the term "zero-knowledge" (ZK) in nine countries. ๐
Matter Labs, the brains behind zkSync, is trying to assert exclusive control over this foundational cryptographic concept, and it's causing quite a stir in the industry! ๐ฒ They've even tried to register a token under the ticker symbol โZKโ with exchanges to further their claim over the technology they didn't create. ๐ค
Zero-knowledge technology is a big deal in blockchain, as it allows individuals to prove claims without revealing underlying data. ๐ต๏ธโโ๏ธ
StarkWare, a software company that develops ZK-proof technology, has called out Matter Labs' actions as an attempt to privatize a public good. They're urging the community to take action against Matter Labs, highlighting the irony in Matter Labs' actions. ๐ฃ
Linea has also weighed in, stating that using a legal framework to monopolize a branch of cryptography integral to building permissionless and decentralized L2 execution environments contradicts Ethereumโs ethos. ๐ซ
In response, Matter Labs has asserted that ZK technology belongs to the community and clarified that their move aims to ensure the term โZKโ can be used freely in the context of their projects. They've also addressed the misconception that trademarks grant exclusive ownership over a word or phrase. ๐คทโโ๏ธ
This crypto drama continues to unfold, so stay tuned for more updates! ๐ญ