Bittime - Polyhedra Network changes ticker to ZKJ amid conflict with zkSync. This move underscores the commitment to maintaining the Web3 ethos and creating a unified blockchain community.
Polyhedra Network, developer of zero-knowledge interoperability protocol zkBridge, recently announced that it will use the ticker “ ZKJ ” for its listing on crypto exchange HashKey Global on Friday and its current listing across other exchanges. The move comes in response to a week-long clash with zkSync regarding the “ZK” ticker that Polyhedra previously used.
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Ticker Conflict Background
The “ZK” ticker has been a source of contention between Polyhedra Network and zkSync. Bybit, one of the leading crypto exchanges, announced last week that it would adjust its ticker Polyhedra and list zkSync under the ticker “ZK”. This sparked controversy, considering that Polyhedra had claimed the symbol before.
In an effort to resolve this conflict, Polyhedra decided to change its ticker name to ZKJ, which stands for “ZK Join.” According to Polyhedra, this change symbolizes a unified and open ZK community.
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Support from the Blockchain Industry
On Thursday, Polyhedra along with Polygon and StarkWare published a joint statement signed by key figures in the blockchain industry such as Polygon Co-founder Sandeep Nailwal, Polyhedra Co-founder Tiancheng Xie, StarkWare CEO Eli Ben-Sasson, and StarkWare Scientific Advisor Shafi Goldwasser. This statement emphasizes that the “ZK” ticker should remain a public good accessible to everyone, not a trademark owned by one company.
Also read: Polyhedra Network (ZK) Price 2024: Latest Predictions and Analysis
Call to Withdraw Trademark
The joint statement also invites the community to demand that Matter Labs, the developer of zkSync, withdraw all trademark applications and use of the ticker “ZK”. Nailwal stated that zkSync has repeatedly acted contrary to Web3's ethos despite claiming to support the same values. He stressed the importance of addressing this behavior openly to prevent it from continuing and worsening.
Reaction of Polyhedra to zkSync Steps
Polyhedra publicly criticized zkSync's ticker choice in a post on X on Friday. They stated that zkSync's actions deprived others of their legitimate ticker names, showing disapproval of the steps taken by zkSync. This statement reflects the tension that exists within the crypto community regarding the use of the ticker.
The Future of ZKJ Tickers
By changing the ticker to ZKJ, Polyhedra hopes to defuse the conflict and continue to focus on developing interoperability protocols without their knowledge. This step also aims to maintain the integrity of the ZK community and ensure that blockchain technology remains accessible to all parties involved.
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Polyhedra Network's ticker change to ZKJ reflects their efforts to resolve conflicts with zkSync and maintain the Web3 ethos. This move also demonstrates Polyhedra's commitment to creating a unified and inclusive blockchain community. With support from the industry and community, Polyhedra hopes to continue to innovate and provide the best solutions in the crypto world.
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Also read:
Polyhedra Network (ZK) Listing Announcement
ZK Token Airdrop from Polyhedra Network is Here, Here's How to Claim It!
Guide to Getting Polyhedra Network (ZK) Airdrop and How to Use It
Polyhedra Network Collaborates with Google Cloud, Utilizing ZK Proofs Technology
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