ZKsync Launches On-Chain Governance System, All Protocol Changes Require Approval from Three Independent Entities

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September 13, 2024
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Foresight News reports that ZKsync has launched an on-chain governance system (ZKsync Onchain Governance). This governance system is designed around the principles of separation of powers and checks and balances, ensuring no single user or entity can unilaterally alter the ZKsync protocol.

Any protocol changes must be approved by three independent bodies:

  • Token Holder Assembly: This body allows token holders and their representatives to directly submit and vote on protocol upgrades on-chain.
  • Security Council: Composed of technical experts, this council reviews and approves protocol upgrades. They also have the authority to freeze the protocol in emergency situations.
  • Governor: This entity ensures that governance proposals align with ZKsync's core values.

This multi-layered approach aims to maintain the integrity and security of the ZKsync protocol while empowering its community to participate in its evolution.

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