TechFlow news — Alex Gluchowski, CEO of Matter Labs, the developer behind ZKsync, announced the launch of the ZKsync governance system. Alex emphasized that this governance system is not a multisig: "All planned upgrades are initiated directly on-chain by the community of over 370,000 ZK token holders, rather than by a foundation or a small group of trusted actors."
Toly, co-founder of Solana, questioned this claim, noting that although ZKsync asserts it is not a multisig system, it still relies on an honest-majority assumption, meaning it is fundamentally similar to a multisig system.
Toly further stated that unlike Solana, ZKsync's governance system carries potential centralization risks. In Solana, even if a sufficient number of validators reach consensus, a single full node operated by Circle (the issuer of USDC) can reject invalid state transitions, thereby protecting the system from malicious actions. In contrast, ZKsync's "Professional Security Council" could face legal risks—if enough council members are subject to orders from a U.S. bankruptcy judge, they might be compelled to place all cross-chain assets under the control of a bankruptcy trust.
