Matter Labs files for 'ZK' trademark, industry demands withdrawal

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Matter Labs' attempt to trademark Zero-knowledge (ZK) technology has sparked outrage in the crypto industry, with experts demanding the withdrawal of the application, calling it an 'absurd IP grab.'

The attempt to trademark ZK-proofs is like a “baker trying to impose a blanket patent on bread,” according to StarkWare’s CEO.

Matter Labs, the corporate entity developing zkSync, has previously tried to register a token under the ticker symbol “ZK” withrefers to cryptographic protocols that enable one person to convince another that a particular claim is true without disclosing any details about the actual claim. “ZK cryptography was developed for the good of all. It’s shameful to witness an IP land grab by a company trying to expropriate 'ZK' as private intellectual property. It’s as absurd as an individual baker trying to impose a blanket patent on bread.”Top industry experts have called for the withdrawal of Matter Labs’ trademark filing, which they called “oppressive behavior,” in a public letter shared with Cointelegraph.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 562. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

LBank Labs Champions Next-Gen Financial Innovation with Investment in Usual LabsLBank Labs Champions Next-Gen Financial Innovation with Investment in Usual Labs
La source: Utoday_en - 🏆 295. / 63 Lire la suite »