On September 7, ZK Nation announced on social media that the ZKsync governance system, after weeks of testing on the testnet, is ready to be deployed on the mainnet. The contract has undergone extensive testing to ensure its integrity and reliability before being put into official use.
Completing the testnet phase is a crucial step towards the goal of full decentralization of the ZKsync protocol. It is also an important preparation step for the introduction of a community governance mechanism, allowing community members to participate in decision-making, operations, and future development of the protocol.
With confidence in performance and security, the ZKsync team believes that mainnet deployment will help the ZKsync protocol operate stably and ensure transparent governance participation from the community.
The ZKsync governance contract is a smart contract that manages the operations of the ZKsync protocol. It allows ZK Token holders to vote on important decisions such as system upgrades or security issues. These changes are made through proposals and require approval from the user community through voting.
