zkSync is on 🔥
What's Up?
The creator of zkSync has proposed a major redesign of its governance token to add economic utility and value capture, shifting it from a pure governance token to a utility token. The token redesign aims to tie $ZK to network revenue, with plans for on-chain and off-chain fees to fund $ZK buybacks and burns, protocol development, and ecosystem incentives. Additionally, zkSync's Atlas upgrade has been praised by Vitalik Buterin, enabling faster and cheaper Ethereum transactions, and driving growth in the network's usage and revenue.
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