The post Bybit to List zkSync & Change the Ticker: How the Community Reacts? appeared on BitcoinEthereumNews.com.

Bybit recently announced the upcoming listing of zkSync (ZK), an Ethereum (ETH) layer 2 protocol on the spot trading platform. On May 24, the exchange unveiled its plan on Polyhedra Network’s token symbol. Bybit’s Update on Polyhedra Network To accelerate the adoption of zkSync and empower individuals to participate in the trustless financial system, Bybit has devised a new plan. The exchange is working on the zkSync spot listing and changing Polyhedra Network’s token ticker, which is listed on the platform.  Wu Blockchain shared Bybit’s announcement over X. However, the exchange has not provided the exact listing details.     Bybit, the third largest offshore exchange, announced the upcoming listing of zkSync (ZK) and will change ZK ticker of Polyhedra Network. Polyhedra criticized this as rob others of their rightful ticker name. But there are also comments saying that Polyhedra does not deserve to… — Wu Blockchain (@WuBlockchain) May 24, 2024 Bybit is currently working on the update and will provide a separate announcement shortly involving a new ticker symbol. However, the exchange faced unexpected reactions from the crypto community.      Will the Crypto Community Accept the Update?  Bybit’s announcement sparked a debate environment in the crypto space. Polyhedra Network was a bit dissatisfied with Bybit’s decision. According to Polyhedra, the change may impact users’ trust as well as the network’s position in the cryptocurrency market. “Let’s see who will endorse such misconduct and who will stand as the guardian of fairness and justice. Great job as a robber and a thief, not a blockchain builder.”, added Polyhedra. The community is sharing memes and comments on Bybit’s decision, stating, ‘ZK is the end game’.  ZK is the end game https://t.co/bu3Zon8ZF8 pic.twitter.com/7uVGQmjHdM — Jumper (@JumperExchange) May 24, 2024 However, the community also worries about their funds and holdings on the Polyhedra network.         Bybit, in…

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Filed under: News - @ May 25, 2024 1:14 pm