ZKsync Launches On-Chain Governance System

According to BlockBeats, on September 12, ZKsync officially launched its on-chain governance system. The governance framework is designed around the principles of separation of powers and checks and balances. As per the design, no individual or entity has the authority to alter the ZKsync protocol. All changes to the protocol must be approved by three independent bodies, each exercising independent judgment and control over their decisions: the token holder community, the security council, and value-aligned custodians who ensure the implementation of proposals. The token holder assembly allows token holders and their representatives to directly submit and vote on protocol upgrades on-chain. The security council, composed of technical experts, is responsible for reviewing and approving protocol upgrades and has the authority to freeze the protocol in emergencies. Custodians ensure that governance proposals align with the values of the ZKsync ethos. The governance system supports three types of proposals: ZKsync Improvement Proposals (ZIPs), Token Plan Proposals (TPPs), and Governance Advisory Proposals (GAPs).