Thursday, July 9, 2026
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
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
CRYPTO MARKETCAP
  • 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

by SB Crypto Guru News
June 3, 2024
in Crypto Exchanges
Reading Time: 2 mins read
0 0
A A
0



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

Related Posts

Overbought & Oversold Crypto Indicators: RSI, StochRSI & More

Overbought & Oversold Crypto Indicators: RSI, StochRSI & More

by SB Crypto Guru News
July 9, 2026
0

Crypto moves can look obvious right before punishing that obviousness. A coin pumps, every indicator flashes overbought, but then the...

BNB Chain makes 1,000,000 TPS moonshot bet on AI as BNB price slips to 2024 lows

BNB Chain makes 1,000,000 TPS moonshot bet on AI as BNB price slips to 2024 lows

by SB Crypto Guru News
July 8, 2026
0

Binance-backed BNB Chain is restructuring its underlying architecture and setting a long-term goal of processing 1 million transactions per second...

Bitcoin miners are using up to 12% of treasury BTC as collateral rather than selling coins

Bitcoin miners are using up to 12% of treasury BTC as collateral rather than selling coins

by SB Crypto Guru News
July 8, 2026
0

Top public Bitcoin miner CleanSpark's latest BTC count carried a footnote that may matter more than the headline total: of...

Crypto Trading Pairs Guide: Base, Quote & Examples

Crypto Trading Pairs Guide: Base, Quote & Examples

by SB Crypto Guru News
July 8, 2026
0

Sometimes in crypto trading, the same coin appears as BTC/USDT, BTC/USD, BTC/ETH, and BTC/USDC across different screens. Pick the wrong...

Ethereum is losing ownership of crypto payments as Base moves 5B in stablecoins

Ethereum is losing ownership of crypto payments as Base moves $565B in stablecoins

by SB Crypto Guru News
July 7, 2026
0

Stablecoin activity is becoming a contest over which blockchains move the most tokenized dollars.Visa Onchain Analytics showed that the adjusted...

Load More
Next Post
Chrome Plugin Scam Drains Over M from Binance Account

Chrome Plugin Scam Drains Over $1M from Binance Account

Bitcoin Blockchain Records .82 Billion in NFT Sales, Secures Fourth-Largest Spot

Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot

Facebook Twitter LinkedIn Tumblr RSS

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

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

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

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.