- These 8 key principles of decentralization
- They will work “the magic of technology.”
The ZkSync scaling protocol published ZK Credo. This is a declaration of fundamental principles that are important for decentralized networks. They invite community input and ideas.
The ZkSync “Honor Code” is built on 8 principles:
- Failure.
- Security.
- Reliability.
- Censorship.
- Confidentiality.
- Availability.
- Hyper Scalability.
- Sovereignty.
“Any sufficiently advanced technology is indistinguishable from magic.. ZK, affectionately nicknamed “Magic Moon Math,” is a marvel of technology. It simplifies cumbersome operations by turning complex operations into easy clicks. This allows the use of integrated systems in which components are easily synchronized. Above all, it weaves these wonders while respecting user privacy and control.”
The ZkSync team emphasized that Ethereum blockchain is best suited to realize the idea of a blockchain network that will form the foundation of the Internet.. It currently meets 5 of the 8 principles – fail-safe, secure, reliable, censor-resistant, and sovereign network. Three remaining principles remain to be worked on – confidentiality, hyper-scalability, and accessibility. ZkSync technology will take over this issue.
Remind that in April, the zkSync Era network was down for 4 hours. So sometimes they have technical difficulties.