Solana co-founder says ZKsync's newly launched governance system is similar in nature to the multi-signature system

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According to Foresight News , Solana co-founder Toly said about ZKsync’s newly launched governance system, “Although ZKsync claims that it is not a multi-signature system, it is actually still based on the honest majority assumption, which means that it is similar to a multi-signature system in nature.”

In addition, Solana co-founder Toly responded to Matter Labs CEO Alex Gluchowski’s remarks on “Is Solana multi-signature?” and said, “Solana is not multi-signature because all validators cannot convince Circle to connect USDC on Solana, and Circles’ single full node will reject invalid state transitions. This is because a sufficient number of token holders are required to form a quorum, and there are enough members of the ‘Professional Security Committee’ to agree to this operation.”

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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