ZKsync Launches On-Chain Governance System

ZKsync launches an on-chain governance system designed around the principles of separation of powers and checks and balances. By design, no person or entity has the power to change the ZKsync protocol. All changes to the protocol must be approved by three independent bodies that exercise independent judgment and control over their decisions: the token holder community, the Security Committee, and value-aligned regulators to ensure that proposals are implemented, including: -The Token Holder Assembly allows token holders and representatives to submit and vote on protocol upgrades directly on the chain; -The Security Committee is composed of technical experts who are responsible for reviewing and approving protocol upgrades and have the power to freeze the protocol in an emergency; -Guardians ensure that governance proposals are in line with the values ​​of the ZK Creed. The governance system supports three types of proposals: ZKsync Improvement Proposals (ZIPs), Token Program Proposals (TPPs), and Governance Advisory Proposals (GAPs).