- After endorsing EIP-4844 in March, zkSync shifted its focus to full decentralization.
- By the end of June, zkSync has dropped a hint that the community might expect an airdrop.
The decentralization process of the Ethereum Layer-2 network zkSync is now complete, and the release of the final protocol upgrade, v24, is imminent. This upgrade not only foreshadows the forthcoming token launch, but it also moves closer to delegating network management to the people.
After endorsing EIP-4844 in March, zkSync shifted its focus to full decentralization. In order to hand over network governance to the community, the next version, v24, will be the last consecutive protocol upgrade. The remaining components of decentralization will be available by the end of June, according to zkSync.
Because it is not possible to turn back the clock on decentralization, the process demands painstaking precision when it comes to legal and technological frameworks. By prioritizing long-term foundational technologies above short-term benefits, zkSync is resolute in its goal to become a key participant in the sector. With this commitment, zkSync hopes to herald the arrival of a new era of verifiable internet for billions of people.
Highly Anticipated Token Airdrop
Speculation about a potential token launch has been sparked by the release of the v24 upgrade. By the end of June, zkSync has dropped a hint that the community might expect an airdrop of governance token.
Last year, investors sent almost $8 million worth of tokens to zkSync so they could participate in this anticipated airdrop. So far, the community is waiting impatiently. Total value locked (TVL) in zkSync has risen to $141 million, according to DefiLlama.
With the help of off-chain computing and data storage, zkSync—the developer of zero-knowledge (ZK) rollup technology—was created to help Ethereum expand by making transactions cheaper.
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