Odaily News Yesterday, Alex Gluchowski, CEO of ZKsync developer Matter Labs, announced the launch of the ZKsync governance system. Alex said that the governance system is not multi-signature, "All planned upgrades are initiated directly on the chain by the community of more than 370,000 ZK token holders, not by a foundation or a small group of trusted actors." Solana co-founder Toly questioned under the article that although ZKsync claims not to be a multi-signature system, it is actually still based on the honest majority assumption, which means that it is essentially similar to a multi-signature system. Toly further stated that unlike Solana, ZKsync's governance system has potential centralization risks. In Solana, even if there are enough validators to reach a consensus, a single full node of Circle (the issuer of USDC) is able to reject invalid state transitions, thereby protecting the system from malicious behavior. ZKsync's "Professional Security Committee" may face legal risks because if enough committee members are ordered by a U.S. bankruptcy judge, they may be forced to place all cross-chain assets under the control of a bankruptcy trust.