🚀 Matter Labs Appoints Meghan Hughes As Chief Marketing Officer
#MatterLabs #MeghanHughes #ChiefMarketingOfficer #ZKsync #SolanaFoundation #Marketing #TechIndustry
According to Odaily, Matter Labs, the development company behind ZKsync, has announced the appointment of Meghan Hughes as its new Chief Marketing Officer. Hughes previously served as the Vice President of Marketing at the Solana Foundation. Her extensive career includes roles at prominent companies such as Google, Facebook, Niantic, and Stripe.#MatterLabs #MeghanHughes #ChiefMarketingOfficer #ZKsync #SolanaFoundation #Marketing #TechIndustry
🚀 Solana Co-Founder Comments On ZKsync's Governance System
#Solana #ZKsync #Governance #MultiSignature #Blockchain #Toly #MatterLabs #Validators #USDC #TokenHolders #SOL
According to Foresight News, Solana co-founder Toly has commented on ZKsync's newly introduced governance system. Toly stated that although ZKsync claims not to be a multi-signature system, it is still based on the honest majority assumption, making it fundamentally similar to a multi-signature system.
Additionally, Toly responded to Matter Labs CEO Alex Gluchowski's question, 'Is Solana a multi-signature system?' by clarifying that Solana is not a multi-signature system. He explained that all validators cannot convince Circle to connect USDC on Solana to external systems. A single full node of Circle would reject invalid state transitions. This is because a sufficient number of token holders must form a quorum, and enough members of the 'professional security committee' must agree to the operation.#Solana #ZKsync #Governance #MultiSignature #Blockchain #Toly #MatterLabs #Validators #USDC #TokenHolders #SOL
🚀 Solana Co-Founder and Matter Labs CEO Debate Blockchain Speed
#Solana #MatterLabs #Blockchain #Speed #ZeroKnowledge #ZKTechnology #Scalability #MathematicalProofs #Validator #Performance #Security #BlockchainDebate #SOL
According to Odaily, a recent exchange on social media platform X has sparked a debate between Solana's co-founder, Toly, and Matter Labs CEO, Alex Gluchowski, regarding the speed of blockchain technologies. Toly asserted that Solana's speed surpasses that of Zero-Knowledge (ZK) systems, attributing this to the absence of limitations on full node capacity. He emphasized that ZK computations are inherently slower than traditional methods, suggesting that Solana's architecture allows for faster processing without the constraints imposed by ZK protocols.
In response, Alex Gluchowski, CEO of Matter Labs, countered Toly's claims by highlighting the efficiency of ZK technology. Gluchowski argued that ZK systems are inherently faster than Solana because they rely on mathematical proofs rather than a network of validators for security. This reliance on mathematics allows ZK systems to operate with just one or a few validators for redundancy, eliminating the need for consensus among thousands of nodes. This fundamental difference, according to Gluchowski, enables ZK systems to achieve greater speed and efficiency compared to Solana's approach.
The discussion underscores the ongoing debate within the blockchain community about the most effective methods for achieving speed and security. While Solana emphasizes scalability through its unique architecture, proponents of ZK technology argue for the benefits of mathematical security and reduced validator requirements. This exchange highlights the diverse approaches within the industry and the continuous evolution of blockchain technologies as developers seek to optimize performance and security.#Solana #MatterLabs #Blockchain #Speed #ZeroKnowledge #ZKTechnology #Scalability #MathematicalProofs #Validator #Performance #Security #BlockchainDebate #SOL
🚀 Deutsche Bank Develops Layer-2 Network On Ethereum Using ZKsync
#DeutscheBank #Ethereum #ZKsync #blockchain #layer2 #digitalbanking #financialtechnology #cryptocurrency #transactionspeed #regulatorycompliance #assettokenization #MatterLabs #MementoBlockchain #Dama2 #ProjectGuardian #ETH
According to CoinDesk, Deutsche Bank is advancing its blockchain capabilities by developing a layer-2 rollup network on Ethereum, utilizing Matter Labs’ ZKsync technology. This initiative, confirmed by Matter Labs, marks a significant step for the banking giant in integrating blockchain technology into its operations. The network is described as a 'public and permissioned L2,' allowing transparency while restricting certain actions to authorized participants. This approach reflects a growing institutional interest in blockchain as cryptocurrency prices soar.
The project aims to address regulatory compliance challenges associated with public blockchains in the financial sector. By building a layer-2 network on Ethereum, Deutsche Bank seeks to enhance transaction speed and meet compliance requirements. The ZKsync-based rollup offers banks the opportunity to experiment with blockchain technology, enabling them to choose specific validators for the network. Additionally, it provides regulators with 'super admin rights' to monitor fund movements more closely.
Memento Blockchain, a participant in the project, announced the layer-2 initiative on November 6, although it initially garnered limited attention. The network is currently in a test environment and is constructed using ZK Stack, a toolkit that allows developers to create customized blockchains based on ZKsync technology. This layer-2 development is part of Dama 2, a multi-chain initiative spearheaded by Deutsche Bank. Dama 2 is also a component of the Singapore Monetary Authority's Project Guardian, which involves 24 major financial institutions exploring blockchain applications for asset tokenization.#DeutscheBank #Ethereum #ZKsync #blockchain #layer2 #digitalbanking #financialtechnology #cryptocurrency #transactionspeed #regulatorycompliance #assettokenization #MatterLabs #MementoBlockchain #Dama2 #ProjectGuardian #ETH
🚀 ZKsync CEO Reaffirms Security Amid Investigation
#ZKsync #security #MatterLabs #Endgame #investigation #blockchain #Layer2 #cryptocurrency
According to Odaily, Alex Gluchowski, founder and CEO of Matter Labs, reiterated on social media that there has been no leak of code, contracts, or operator keys in the ZKsync protocol. He emphasized that ZKsync's ultimate security architecture, known as Endgame, has proven resilient under scrutiny. The team is currently investigating the security incident and will release a detailed report once the investigation and recovery efforts are complete.
Gluchowski initiated the investigation immediately after receiving community feedback. Despite recent pressure on token prices across most Layer 2 projects, ZKsync has maintained relative stability. The team remains committed to its legally binding obligations to investors, partners, and members.#ZKsync #security #MatterLabs #Endgame #investigation #blockchain #Layer2 #cryptocurrency
🚀 Bankex Files Lawsuit Against Matter Labs Over Alleged Technology Theft
#Bankex #MatterLabs #ZKsync #technologytheft #blockchain #Ethereum #lawsuit #VitalikButerin #Plasma #crypto #investmentfund #courtcase
According to Foresight News, the defunct blockchain company Bankex has filed a lawsuit against Matter Labs, the developer of ZKsync, alleging that former Bankex employees Alexandr Vlasov and Petr Korolev stole company technology to establish Matter Labs and develop ZKsync. The complaint states that in 2017, Ethereum co-founder Vitalik Buterin approached Bankex to build operational software for 'Plasma,' a technology aimed at reducing Ethereum's usage costs. At the time, Vlasov and Korolev were Bankex employees tasked by CEO Igor Khemel to complete the Plasma project.
Currently, Vlasov serves as the head of research and development at Matter Labs, while Korolev is the founder of blockchain security firm OXORIO. The lawsuit also names Matter Labs co-founder Alex Gluchowski, Dragonfly, a crypto-native investment fund, and Placeholder Capital partner and former Matter Labs co-director Chris Burniske, alleging their involvement and awareness of the theft.
A spokesperson for Matter Labs stated in an email to CoinDesk, "We believe these allegations are entirely unfounded. The complaint suggests that Matter Labs built ZKsync on code initially developed by Bankex. This is completely false. ZKsync is an original technology, not based on or derived from any code developed by Bankex. We stand by the integrity of our work and look forward to addressing these baseless claims in court once we receive the lawsuit."#Bankex #MatterLabs #ZKsync #technologytheft #blockchain #Ethereum #lawsuit #VitalikButerin #Plasma #crypto #investmentfund #courtcase
🚀 Ethereum's Role as a Global Blockchain Network Foundation Discussed by ZKsync CEO
#Ethereum #Blockchain #ZKsync #MatterLabs #Decentralization #ValueInternet #GlobalNetwork #Cryptocurrency #WorldComputer #CryptoInfrastructure #ETH
According to PANews, Alex Gluchowski, founder of ZKsync and CEO of Matter Labs, recently shared insights on the X platform regarding Ethereum's position as the 'World Computer.' He emphasized that Ethereum maintains product-market fit with downstream applications like decentralized Nasdaq and SWIFT, asserting that the Ethereum network itself is the true moat.
Gluchowski described Ethereum as the foundation of the value internet, highlighting its core characteristic of credible neutrality. He suggested that if Ethereum continues to hold its status as the World Computer, value will flow directly or indirectly to ETH. However, he noted that similar to the internet not operating on a single server, the value internet as a global transaction and payment infrastructure will not run on a single chain.
The future of Ethereum, according to Gluchowski, lies in its role as a secure foundational layer for a vast, decentralized blockchain network. He concluded that Ethereum will only succeed when it leverages its core strengths effectively.#Ethereum #Blockchain #ZKsync #MatterLabs #Decentralization #ValueInternet #GlobalNetwork #Cryptocurrency #WorldComputer #CryptoInfrastructure #ETH
🚀 ZKsync and Matter Labs Official Accounts Compromised
#ZkSync #MatterLabs #AccountCompromise #SecurityAlert #Blockchain #ZK
According to BlockBeats, ZKsync developers have announced that the official X accounts of ZKsync and Matter Labs have been compromised. Users are advised to refrain from interacting with these accounts or clicking on any associated links.#ZkSync #MatterLabs #AccountCompromise #SecurityAlert #Blockchain #ZK
🚀 Security Alert Issued After ZKsync and Matter Labs Accounts Compromised
#SecurityAlert #ZKsync #MatterLabs #Cybersecurity #Hacking #DataBreach #SlowMist #MaliciousWebsites
According to BlockBeats, a security warning has been issued by SlowMist's Chief Information Security Officer, 23pds, following the hacking of the official X accounts of ZKsync and Matter Labs. The breach was identified through the '/secureproxy.php?e=ping_proxy' signature, which has been found on over 10,000 malicious websites. Project teams are advised to be vigilant against similar attack methods.#SecurityAlert #ZKsync #MatterLabs #Cybersecurity #Hacking #DataBreach #SlowMist #MaliciousWebsites
🚀 ZK Token Unlock Schedule Announced by ZK Nation
#ZKToken #UnlockSchedule #ZKNation #MatterLabs #TokenAllocation #Cryptocurrency #Blockchain #TokenGenerationEvent #TGE #TokenSupply #VestingPeriod #DeFi
According to PANews, ZK Nation has released an announcement regarding the unlocking of ZK tokens. Initially issued in 2024, approximately 33.3% of the total token supply was allocated to Matter Labs team members and investors. On June 18, up to 25% of the vested team member token allocation and 10% of the vested investor token allocation will be unlocked. The token allocations received by Matter Labs team members and investors at the Token Generation Event (TGE) are set to unlock over four years, with a one-year vesting period.
Based on current calculations, the June unlock will release 3.6% of the total token supply, equivalent to approximately 760 million tokens, from the maximum supply of 21 billion tokens. Starting in July 2025, it is expected that 0.8% of the total token supply, around 167 million tokens, will be unlocked monthly until June 2028. It is noted that about 33.3% of the total token supply is allocated entirely to Matter Labs team members and investors, with no specific allocation to the Matter Labs entity itself.#ZKToken #UnlockSchedule #ZKNation #MatterLabs #TokenAllocation #Cryptocurrency #Blockchain #TokenGenerationEvent #TGE #TokenSupply #VestingPeriod #DeFi
🚀 Blockchain and Privacy Experts to Discuss Cryptographic Applications at Online Conference
#Blockchain #Privacy #Cryptography #Web2Finance #SecureBlockchain #PrivacyTechnology #Confidentiality #Payments #Gnosis #EthereumFoundation #Monero #MatterLabs #OnlineConference #FutureTrends
A free online conference organized by MoRe Frens is set to bring together experts in blockchain and privacy to explore real-world cryptographic applications, challenges, and future trends. According to NS3.AI, the event will cover key topics such as secure blockchain infrastructure, integrating privacy technology with Web2 finance, and ensuring confidentiality in payments through modern cryptography. Industry leaders from projects including Gnosis, Ethereum Foundation, Monero, and Matter Labs will provide insights to assist businesses in effectively understanding and adopting privacy technologies.#Blockchain #Privacy #Cryptography #Web2Finance #SecureBlockchain #PrivacyTechnology #Confidentiality #Payments #Gnosis #EthereumFoundation #Monero #MatterLabs #OnlineConference #FutureTrends
🚀 Cari Network Partners with Matter Labs for Tokenized Deposit Platform
#CariNetwork #MatterLabs #TokenizedDeposit #Prividium #ZKsync #Ethereum #Banking #Fintech #NS3AI #RegionalBanks #MidSizedBanks #FinancialInnovation #ETH
Cari Network has selected Matter Labs' Prividium to develop a tokenized deposit network aimed at U.S. regional and mid-sized banks. According to NS3.AI, the initiative involves five banks that have been participating in the design and testing phase since February. The platform utilizes ZKsync technology and is anchored to Ethereum, ensuring that tokenized deposits remain on bank balance sheets within a permissioned network.#CariNetwork #MatterLabs #TokenizedDeposit #Prividium #ZKsync #Ethereum #Banking #Fintech #NS3AI #RegionalBanks #MidSizedBanks #FinancialInnovation #ETH