ZkSync Credo: the manifesto of the Layer 2 is live on Github

A few days ago, the zkSync team published a manifesto on the Github platform titled “ZkSync Credo” in which the vision and “zk principles” that form the backbone of the crypto project are exposed to the public.

Within the manifesto, the Ethereum layer 2 is discussed as the next zk revolution, embodying the values of integrity, privacy and decentralization.

The ZkSync network is becoming increasingly popular in Web3 circles, both because of the effective efficiency in transaction processing and because those who are using the infrastructure today may receive a huge airdrop in the coming months.

Full details below.

ZKSync Credo: the layer 2 announces its “zk principles” on the Github platform

ZSync, Ethereum‘s Layer 2 that integrates zero-knowledge cryptographic proof-of-concept technology, has made explicit what are the core values of the crypto project through a manifesto called “ZkSync Credo” posted on Github.

Github is a social platform for the collective development of open-source software projects, very familiar in the crypto world, where users can publish text and code that is stored in a web repository.

The choice of Matter labs, the development team behind ZkSync, to publish their “creed” within GitHub speaks volumes about their desire to decentralize the infrastructure in the near future.

In fact, as things currently stand, even though a lot of progress has been made for the project and we can already count on an ever-growing mainnet that succeeds in scaling Ethereum by performing a large amount of off-chain transactions, the concept of decentralization is unfortunately still far off.

Layer 2 Sequencers are managed internally by Matter Labs in a centralized manner, in addition, there is no token distributed among the various network stakeholders yet, to serve as a governance and utility token.

In any case, ZkSync’s plans for the future are clear and have been transcribed on the Github repository platform: in order to function in the crypto world, a blockchain must be properly decentralized to prevent power from falling into the hands of a privileged few.

In addition, many other concepts describing the philosophy of the network, known as “zk principles,” were set out in the manifesto. These include:

• lack of trust (trustless)
• security
• reliability
• resistance to censorship
• confidentiality
• hyper scalability
• accessibility
• sovereignty

We can summarize all these fundamentals in a few words: zkSync, inheriting security from Ethereum, aims for unprecedented scalability with high transaction throughput while guaranteeing user privacy through the mechanism of Zk-SNARK cryptographic proofs, which eliminate the problem of mutual trust.

In addition, the network was built to be easy to use, efficient in all its mechanisms, and resistant to censorship, thus not attackable by centralized entities or institutions, all of which is in an ecosystem where popular sovereignty of all individuals prevails.

All these components, joined together, go to form what stands to the market as the leading zero-knowledge infrastructure that will unlock the power of Web3 to all users.

ZkSync’s vision has been made public on Github, taking another key step toward revolutionizing the crypto world.

Now all that remains is to wait for new announcements from Matter Labs, both in terms of the plan to decentralize the entire structure and in terms of minting and distributing a token.

Ad maiora ZkSync.

An airdrop that shouldn’t be missed at all

However, within the manifesto posted on Github, the ZkSync team never mentioned the term token, instead they talked about the concept of decentralization and the fact that it has yet to be achieved by the network in order to be dominant in the crypto world.

In addition to the desire to decentralize the sequencers, i.e., those entities that determine the ordering of tx within a block, we sense that Matter Labs will most likely create a token that will be distributed equally within the community, based on each entity’s role and importance to the project.

Many think that the token will be distributed through the airdrop marketing strategy, given the hype it could potentially generate among the public and given the efficiency with which adequate decentralization among the various stakeholders would be achieved.

After the success of the airdrops of two other Layer 2s, namely Optimism and Arbitrum, it is very likely that Matter Labs will also choose this route, given that they have been funded by several Venture Capitalists for a total of $458 million.

The best way to “reward” investors is to generate a token and distribute it via airdrop.

Anyone can attempt to receive free crypto simply by being an active user within the network.

All the things to do in detail are:

• bridging from Ethereum to ZkSync, through the official portal
• perform transactions on various dApps such as Syncswap, 1Inch, Orbiter Finance, Mute and Izumi Finance
• create trading volumes on the DEX in excess of at least $20,000, possibly spreading the on-chain activity over 2-3 months
• provide liquidity to the protocols 
• trading NFTs

If you would like to explore this further, find all the detailed information in this article.

In the meantime, if you have already got in touch with zkSync, you can check all your progress with this tool.

As we wait for new information to be released on Github regarding the development of a governance crypto for the ecosystem, all we can do is generate as many transactions as possible in order to be eligible and earn an airdrop with a probable value of +$2000.