ZKsync launches on-chain governance system

ChainCatcher news, ZKsync officially launches its on-chain governance system, which consists of three main bodies: the Token Holder Assembly, the Security Committee, and the Guardians.

• The Token Holder Assembly allows token holders and representatives to directly submit and vote on protocol upgrades on-chain.

• The Security Committee is composed of technical experts responsible for reviewing and approving protocol upgrades, and has the authority to freeze the protocol in emergencies.

• The Guardians ensure that governance proposals align with the values of the ZK creed.

The governance system supports three types of proposals: ZKsync Improvement Proposals (ZIPs), Token Plan Proposals (TPPs), and Governance Advisory Proposals (GAPs).