TechFlow reports that ZKsync has officially launched its on-chain governance system, composed of three main bodies: the Token Holder Assembly, the Security Council, and the Guardians.
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The Token Holder Assembly enables token holders and their representatives to directly submit and vote on protocol upgrades on-chain.
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The Security Council, made up of technical experts, is responsible for reviewing and approving protocol upgrades, and has the authority to freeze the protocol in emergency situations.
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The Guardians ensure that governance proposals align 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).
