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Polyhedra Network

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zkSync

Polyhedra Network has accused zkSync of “bullying” after zkSync confirmed using “ZK” as its ticker symbol. This announcement followed Bybit’s decision to list zkSync’s ZK token and adjust Polyhedra’s token ticker. Polyhedra had rebranded earlier this year, changing its ticker to ZK after being listed on OKX. <a href="https://x.com/PolyhedraZK/status/1793996574189867463" target="_blank">https://x.com/PolyhedraZK/status/1793996574189867463</a>&nbsp; 
Polyhedra criticized zkSync, calling the move an act of robbery.&nbsp;Polyhedra claims its established use of ZK is being disregarded, while zkSync supporters <a href="https://x.com/0xT0dd/status/1794000963382206710" target="_blank">argue</a> the symbol originated from zySync. 
zkSync, an Ethereum Layer 2 protocol, is planning a Token Generation Event (TGE) and an airdrop in mid-June. The total token supply will be 21 billion. The choice of “ZK” as the ticker symbol has created tension, given Polyhedra’s prior use of the same symbol. 
 Polyhedra Network zero-knowledge proofs ensure security and scalability for its users. With a track <a href="https://www.cryptotimes.io/2024/03/14/polyhedra-network-secures-20-million-at-1b-valuation/">record</a> of over $20 million in cross-chain transactions, Polyhedra’s zero-knowledge protocol, zkBridge, validates sender-chain states and consensus without compromising privacy or integrity.

zkSync’s ZK Token Ticker Sparks Controversy with Polyhedra

The Crypto Times

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