ZetaChain Opens Governance Vote to Shut Down Its Layer 1 Blockchain Around December 9
(5 hours ago) · 1 source · Summarized by CryptoBipto
ZetaChain has opened a governance vote for its community to decide whether to shut down its Layer 1 blockchain around December 9. The proposal, if approved, would mark the end of ZetaChain's standalone blockchain operations. Details about the reasoning behind the proposal and what would happen to users and assets on the chain are part of the ongoing discussion.
WHY IT MATTERS
A Layer 1 blockchain is the base network where transactions are processed and recorded — think of it like the foundation of a building.
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SOURCES
- thedefiant.io
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