• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Matter Labs drops controversial ‘zero-knowledge’ trademark effort

SB Crypto Guru News by SB Crypto Guru News
June 3, 2024
in Crypto Exchanges
0 0
0
Matter Labs drops controversial ‘zero-knowledge’ trademark effort



Matter Labs drops controversial ‘zero-knowledge’ trademark effort

Matter Labs, the team behind Ethereum layer-2 network zkSync, announced on June 2 that it would drop all trademark applications for “zero-knowledge (ZK).”

Last week, the firm came under intense scrutiny due to its attempt to trademark the ZK term. Industry stakeholders, including Polygon co-founders Sandeep Nailwal and Brendan Farmer, StarkWare CEO Eli Ben-Sasson, Polyhedra Network co-founder Tiancheng Xie, and Turing Award winner Shafi Goldwasser, wrote a strongly worded joint statement condemning Matter Labs’ actions.

These experts argued that ZK was a public good no company should own. They furthered that Matter Labs’ actions negated the core ethos that the crypto industry holds dear.

Matter Labs succumb

In response to these demands, Matter Labs said it was dropping its trademark efforts for the term while appreciating the community efforts. It stated:

“These discussions came down to one important fact: it would be impossible to agree on a group of people perceived as credibly neutral by nearly everyone. What could have worked for Ethereum would not necessarily work for the entire world.”

Matter Labs CEO Alex Gluchowski corroborated the firm’s position, adding that it wasn’t an easy decision. He said:

“This was not an easy decision. It increases legal risks, but the very purpose of ZK is to help humanity change its mode of cooperation from ‘don’t be evil’ to ‘can’t be evil.’ I feel that this is the right thing to do.”

Despite its public statement, the ZK term’s application status on the US Patent and Trademark Office website showed that the process was still alive. According to the site, the trademark was filed on Feb. 27, and the “application has been accepted by the Office (has met the minimum filing requirements) and has not yet been assigned to an examiner.”

Mentioned in this article
Latest Alpha Market Report



Source link

Tags: Bitcoin NewscontroversialCrypto NewsCrypto UpdatesDropsEffortLabsLatest News on CryptomatterSB Crypto Guru NewsTrademarkZeroknowledge
Previous Post

Bitcoin eyes $70k as the Piggy Bankster presale commences in 26 hours

Next Post

Chrome Plugin Scam Drains Over $1M from Binance Account

Next Post
Chrome Plugin Scam Drains Over M from Binance Account

Chrome Plugin Scam Drains Over $1M from Binance Account

  • Trending
  • Comments
  • Latest
Big XR News from Google, Samsung, Qualcomm, Sony, XREAL, Magic Leap, Lynx, Meta, Microsoft, TeamViewer, Haply

Big XR News from Google, Samsung, Qualcomm, Sony, XREAL, Magic Leap, Lynx, Meta, Microsoft, TeamViewer, Haply

December 13, 2024
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
Meta Quest Pro Discontinued! Enterprise-Grade MR Headset is No Longer Available

Meta Quest Pro Discontinued! Enterprise-Grade MR Headset is No Longer Available

January 6, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
Exploring Moonbeam – Why Build on Moonbeam? – Moralis Web3

Exploring Moonbeam – Why Build on Moonbeam? – Moralis Web3

September 11, 2024
Chiliz Chain Deep Dive – Why Build on Chiliz Chain? – Moralis Web3

Chiliz Chain Deep Dive – Why Build on Chiliz Chain? – Moralis Web3

September 10, 2024
Cryptocurrency’s Impact on Traditional Banking: Insights from Andorra

Cryptocurrency’s Impact on Traditional Banking: Insights from Andorra

0
I Scaled a 500-Person Company on Hustle — But Wellness Made It Sustainable (and More Profitable)

I Scaled a 500-Person Company on Hustle — But Wellness Made It Sustainable (and More Profitable)

0
Kraken Launches Crypto Prime Brokerage Targeting Wall Street Clients

Kraken Launches Crypto Prime Brokerage Targeting Wall Street Clients

0
Layer 1 Blockchains Explained. Blockchain networks form the backbone… | by PowerTrade | The Capital

Layer 1 Blockchains Explained. Blockchain networks form the backbone… | by PowerTrade | The Capital

0
Russia Intensifies Drive to Replace US Dollar in Global Trade

Russia Intensifies Drive to Replace US Dollar in Global Trade

0
what’s fueling the June crypto rally?

what’s fueling the June crypto rally?

0
Cryptocurrency’s Impact on Traditional Banking: Insights from Andorra

Cryptocurrency’s Impact on Traditional Banking: Insights from Andorra

June 4, 2025
Russia Intensifies Drive to Replace US Dollar in Global Trade

Russia Intensifies Drive to Replace US Dollar in Global Trade

June 4, 2025
Ripple USD Approved in Dubai as RLUSD Signals Crypto Expansion

Ripple USD Approved in Dubai as RLUSD Signals Crypto Expansion

June 3, 2025
I Scaled a 500-Person Company on Hustle — But Wellness Made It Sustainable (and More Profitable)

I Scaled a 500-Person Company on Hustle — But Wellness Made It Sustainable (and More Profitable)

June 3, 2025
Feedzai Launches Fraud Intelligence Solution Feedzai IQ

Feedzai Launches Fraud Intelligence Solution Feedzai IQ

June 3, 2025
Altcoin Market Cap Flashes A Bullish Cross – Is The Next Altseason Brewing?

Altcoin Market Cap Flashes A Bullish Cross – Is The Next Altseason Brewing?

June 3, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.