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ZKsync Wants to Fix Crypto’s ‘Silo’ Problem With a New Token Model; ZK Interop


by Ikemefula Aruogu
for CoinEdition
ZKsync Wants to Fix Crypto’s ‘Silo’ Problem With a New Token Model; ZK Interop

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  • The Pivot: Founder Alex Gluchowski proposed shifting $ZK from governance to a fee-capturing utility token.
  • The Model: Revenue from cross-chain messaging and enterprise licenses would fund token buybacks.
  • The Goal: To monetize the “ZK Gateway” as a unified settlement layer for institutional finance.

ZKsync founder Alex Gluchowski has proposed a new utility token model for the innovative Ethereum-based protocol. In his latest post on X, the renowned innovator highlighted various aspects of digital finance that he believes need to be improved upon, while outlining a proposed solution to those needs.

Gluchowski noted a coordination problem in the financial sector, particularly the incompatible messaging networks upon which global finance runs. 

Source: X

According to him, messages that facilitate financial transactions across the globe are trapped in incompatible …

Read The Full Article ZKsync Wants to Fix Crypto’s ‘Silo’ Problem With a New Token Model; ZK Interop On Coin Edition.

Read the article at CoinEdition

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ZKsync Wants to Fix Crypto’s ‘Silo’ Problem With a New Token Model; ZK Interop


by Ikemefula Aruogu
for CoinEdition
ZKsync Wants to Fix Crypto’s ‘Silo’ Problem With a New Token Model; ZK Interop

Share:

  • The Pivot: Founder Alex Gluchowski proposed shifting $ZK from governance to a fee-capturing utility token.
  • The Model: Revenue from cross-chain messaging and enterprise licenses would fund token buybacks.
  • The Goal: To monetize the “ZK Gateway” as a unified settlement layer for institutional finance.

ZKsync founder Alex Gluchowski has proposed a new utility token model for the innovative Ethereum-based protocol. In his latest post on X, the renowned innovator highlighted various aspects of digital finance that he believes need to be improved upon, while outlining a proposed solution to those needs.

Gluchowski noted a coordination problem in the financial sector, particularly the incompatible messaging networks upon which global finance runs. 

Source: X

According to him, messages that facilitate financial transactions across the globe are trapped in incompatible …

Read The Full Article ZKsync Wants to Fix Crypto’s ‘Silo’ Problem With a New Token Model; ZK Interop On Coin Edition.

Read the article at CoinEdition

In This News

Share:

In This News

Share:

Read More

Nvidia Dumps $100 Billion Plan for a Much Smaller OpenAI Investment Bet

Nvidia Dumps $100 Billion Plan for a Much Smaller OpenAI Investment Bet

In Brief Nvidia is finalizing a $30B investment in OpenAI, replacing a riskier $100B...
Who Actually Uses XRP? Separating Reality From Narrative

Who Actually Uses XRP? Separating Reality From Narrative

In Brief XRP is used by millions of retail holders, exchanges, and some payment prov...