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ZK Nation has initiated the "Upgrade ZK Token Contract and Introduce Permissionless Burn Functionality" proposal vote
BlockBeats News, November 14th, ZK Nation has initiated the "Upgrade ZK Token Contract and Introduce Permissionless Burn Function" proposal vote.
The proposal includes suggesting upgrading the ZK token contract to ZKTokenV3, which minimally extends upon ZKTokenV2, with new features including: Public Burn (any token holder can permanently burn their own tokens); addresses holding the BURNER_ROLE can burn tokens from a designated account; allowing any program to read the contract's 21 billion ZK maximum supply and enforcing this limit when minting new tokens.
This upgrade sets the foundation for the ZKnomics vision, achieving supply management through programmable token burning.
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