Gnosis Chain Migrates to Ethereum Rollup After GNO Holder Vote

GnosisDAO has approved a transition of Gnosis Chain from an independent Layer 1 blockchain to a ZK rollup with settlements directly on Ethereum.

The proposal, known as GIP-153, was voted on by GNO holders and passed with 123,158 in favor, 115 against, and 151 abstaining. The turnout of 123,425 exceeded the required quorum of 75,000.

The transition will see Gnosis Chain become the first operational instance of the Ethereum Economic Zone (EEZ), a framework for Ethereum-linked rollups introduced in March this year.

Users will not need to transfer assets or applications to the new network, with addresses, balances, and smart contract states remaining intact. The xDAI token will continue to be used for gas payments.