The Ethereum Layer 2 network zkSync announced on Wednesday (5th) that the protocol upgrade version v24 of zkSync Era has been completed and will be deployed on the mainnet on June 6. The native zkSync cross-chain bridge deposit and withdrawal functions will be temporarily suspended for 24 hours, but users can still bridge through third-party cross-chain protocols.
zkSync had previously stated in mid-May that the upcoming v24 version is the final planned protocol upgrade before handing over network governance to the community, with the remaining missing parts expected to be in place by the end of June. These messages may imply that zkSync’s highly anticipated native token is about to be released.
Foreign media “The Block” reported last month, citing sources, that zkSync aims to conduct a token airdrop around June 13.
Matter Labs, the developer of zkSync, recently sparked controversy with Polyhedra Network, a cross-chain protocol, claiming that they intended to seize their token code ZK. The company also faced criticism for its trademark registration behavior from other industry professionals. Matter Labs later announced on Monday that they would abandon all trademark applications for the term “ZK.”