The Giant Altcoin Project That Caused the Name Crisis Took a Step Back Before Airdrop!

Ethereum's giant layer-2 project zkSync took a step back after the reactions.

The cryptocurrency market was under fire after the giant altcoin project in Ethereum, zkSync, announced that it would soon be released to the market with the abbreviation ZK. In the statements made, it was emphasized that Zero-knowledge (ZK) technology has a different meaning and that some protocols use this technology.

Upon this application, Polygon (MATIC) co-founders Sandeep Nailwal and Brendan Farmer, Eli Ben-Sanson, CEO of StarWare, the developer of Starknet, and Matter Labs, the developer company of zkSync, co-founder of Polyhedra, which currently uses ZK as an abbreviation. He asked him to withdraw his application.

Step back from zkSync

In a statement made on Twitter on June 2, Matter Labs announced that it took a step back following these events and withdrew all its applications to turn the term "ZK" into a trademark.

Matter Labs included the following statements in its post:

ToM should remain a common good of the public. It should not be a trademark of a company, but should be accessible to everyone. If the company does this, it will separate itself from the community it claims to be a part of.

Among all ZK-supported layer-2 Ethereum networks, zkSync, which has been the most used in the last 7 days, is expected to distribute airdrop in the coming days. In the statement made to The Block, June 13 was indicated for the airdrop.