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GnosisDAO approves Gnosis Chain for Ethereum Economic Zone

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 20 Views

GnosisDAO approves Gnosis Chain for Ethereum Economic Zone

Gnosis Chain was approved to transition to an EEZ rollup, enabling it to settle directly to Ethereum rather than continue with an independent validator set.

GnosisDAO approved Gnosis Chain’s transition from a standalone layer-1 network to a ZK-proven Ethereum Economic Zone (EEZ) rollup.

GIP-153 received 123,158 GNO in support, 115 against and 151 abstaining across 54 voters, Gnosis Chain said in an X post. Turnout reached 123,425 GNO, exceeding the 75,000 quorum.

Under the proposal, Gnosis Chain’s validator set would be retired and the network would settle transactions on Ethereum, making Gnosis Chain a layer-2 (L2) that relies on Ethereum’s validators for settlement.

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