zkSync Fuels June Airdrop Rumors With V24 Upgrade Announcement
- zkSync is getting set for a pivotal upgrade.
- The announcement of the coming upgrade has sparked speculation of a summer airdrop.
- The new protocol release will bring several major changes to the network.
Airdrops are all the rage again. While the Ethereum Layer 2 ecosystem has already seen its fair share of these airdrops, there still appears to be more to come.
Sponsored
In January 2024, Manta Pacific distributed its MANTA token , and in February 2024, Starknet distributed STRK . Following these distributions, a recent upgrade announcement has sparked speculation that zkSync, the Matter Labs-developed zero-knowledge (ZK) rollup , could be next.
zkSync Set to Hand Over Governance to the Community
In an X post on Friday, May 17, the zkSync team disclosed that it was gearing up to roll out v24, its final upgrade, before handing over the network to the community. The team added that it expected the final pieces for the upgrade to fall in place by the end of June 2024.
zkSync firmly stands by its commitment to decentralize.
— zkSync (∎, ∆) (@zksync) May 17, 2024
Since rolling out support for EIP4844 in March, this has been the sole focus. The upcoming release of v24 is the final planned protocol upgrade needed before handing over network governance to the community. The remaining…
The announcement has sparked significant talk of a potential token distribution at the end of June 2024. This is because blockchain governance typically requires network participants to delegate tokens to vote for protocol changes.
Read More
HBAR Takes Over Qatar with $50M Digital Assets Venture Studio
XRP Lawsuit Close to Climax? Here’s What We Know
Crypto Exchange Fees Comparison 2024: Who Has the Lowest Trading Fees?
Rumors of a zkSync airdrop have been circulating since the network launched in early 2023, with the speculation often helping to drive up the network metrics .
What the zkSync V24 Release Brings to the Table
The zkSync v24 release is slated to bring eight significant changes . These changes include:
- A new feature that would allow for wallets that rely on devices like Apple’s Secure Enclave and Android Keychain instead of requiring users to memorize long seed phrases.
- The zkSync Bridgehub: A feature that will set the groundwork for interoperability between ZK Stack chains.
- New features to set the foundation for validium ZK Stack chains with a custom data availability layer.
At the time of writing, L2Beat data suggests that zkSync Era is the eighth largest Ethereum Layer 2 by TVL with $810 million.
Sponsored
Read this for more on zkSync Era airdrop speculation:
ZKSync User with 21K Wallets Exposes Flaw in Crypto Airdrops
Stay up to date with the latest in the Tigran Gambaryan detention saga:
BREAKING: Binance’s Tigran Gambaryan Denied Bail in Nigeria
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sen. Durbin questions CFTC's ability to regulate crypto following FIT21 passage
Quick Take Some worry the CFTC is “biting off a hell of a lot more than they can chew,” said Sen. Dick Durbin, D-Ill. during a Senate Appropriations subcommittee hearing on Thursday. Durbin also asked SEC Chair Gary Gensler, previously the chair of the CFTC, if the commodities regulator could take on overseeing crypto.
