Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive a comprehensive exit package, including salary continuation, healthcare, career support, and […]
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Matter Labs is the creator of the Ethereum layer-2 scaling solution ZKsync.
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Matter Labs stated that its employees were not eligible for the ZK airdrop and did not hand out NFTs to friends or other insiders.
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Zksync, an Ethereum layer two (L2) network developed by Matter Labs, has launched a new community-driven governance system named ZK Nation. The system aims to enhance the governance, security, and scalability of the Zksync protocol through active community participation. ZK Nation: New Governance Framework Introduced by ZKsync According to the announcement, the ZK Nation governance […]
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Linea said it halted the sequencer as a “last resort” action to prevent additional funds from bridging out but intends to decentralize in the near future.
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It follows a public letter from ZK researchers and top industry experts slamming the firm for “oppressive behavior.”
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Quicknode, a leading blockchain infrastructure provider, has officially expanded its offerings to include support for Zksync hyperchains, enhancing its custom chains solution portfolio. This development introduces a new level of scalability and privacy for businesses leveraging blockchain technology, facilitated by the integration of cutting-edge zero-knowledge (ZK) proofs via a partnership with Matter Labs. Quicknode Reveals […]
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Monthly active developers across the crypto ecosystem fell 28% year-on-year in October, though some have managed to buck the trend.
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The crypto entrepreneur believes it would scare off bad actors and strengthen the state of the Ethereum network.
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One member of the cryptocurrency subreddit pointed out that “EVM equivalent” compilers like zkSync Era does not necessarily mean it is fully “EVM compatible.”
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