$ZK
ZKsync announced the latest governance proposal, which plans to reduce the on-chain execution delay from 21 hours to 3 hours. This change aims to significantly improve user experience, including shortening CEX withdrawal times and enhancing the operational efficiency of builders and enterprises. Additionally, a three-hour delay is deemed sufficient for ZKsync's security committee to monitor and respond to any anomalies instead of Matter Labs, ensuring the security of the network.
The implementation of this proposal, if approved, will optimize the transaction efficiency of ZKsync Era and all chains based on Elastic Chain, speeding up the transfer of user funds from ZKsync Era to other networks while enhancing the network's responsiveness and competitiveness. Voting on the proposal will begin on December 2 at 13:12 UTC, with a voting period of 7 days, and the final resolution will be announced on December 9.
