Cryptocurrencies

Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has abandoned…

Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has abandoned all attempts to obtain intellectual property rights to the term “ZK” – short for “zero knowledge” proofs.

Its decision comes three days after several prominent ZK researchers condemned the company’s behavior “in the strongest possible terms,” ​​reiterating that ZK’s technologies should instead remain a “public good” and “accessible to all.” .

“As a result of these conversations, we have decided to drop all trademark applications,” Matter Labs confirmed in a message dated June 2.

“It would be impossible to agree on a group of people that everyone would consider reliably neutral. “What might have worked for Ethereum won’t necessarily work for the whole world.”

source: Materials laboratories

In a public letter, ZK supporters argued that ZK should remain a public asset — not a corporate brand — and said a company seeking to exploit the legal system to annex a public asset would violate a fundamental element from the mind of the cryptocurrency industry.

“If the company continues down this path, it will be separated from the very community of which it claims to be a part,” the signatories wrote in the May 30 letter.

The letter received seven signatures, including Shafi Goldwasser and Silvio Micali, two of the three inventors of ZK proofs, Eli Ben Sasson, CEO of StarkWare, and Sandeep Nailwal, one of the founders of Polygon Labs.

Source: GitHub

about: Ernst & Young uses ZK proofs on Ethereum to automate contracts

Matter Labs initially said it had applied for a trademark associated with ZK to ensure that ZK could be used freely in the context of “ZK Sync,” “ZK Stack” and other names associated with the company.

“A common misconception is that owning a trademark means you legally own a particular word or phrase and can prevent others from using it,” Matter Labs said. “However, you do not have rights to the word or phrase in general, only to how that word or phrase is used with your specific products or services.”

In response to Cointelegraph’s X post last week, Alex Gluchowski, founder and CEO of Matter Labs, said he rejects “the very idea of ​​intellectual property.” The message continued:

“All trademarks we have registered, including those relating to ZK, are defensive trademarks, to prevent dishonest parties from misleading their customers and confusing their products and services with those of Matter Labs (as has unfortunately been the case in the past). “.

Matter Labs has filed trademark applications related to ZK in nine countries, according to a statement from ZK researchers.

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