Consensys Releases Linea, a Layer 2 Chain for Scaling Ethereum Apps
Blockchain development firm Consensys has announced the release of Linea, its highly anticipated Layer 2 chain, on the mainnet. Here are the key points you need to know:
1. Linea leverages ZK-Rollups for scaling: Linea is a Layer 2 chain that uses ZK-Rollups technology to improve scalability for Ethereum applications. It offers a cost-effective solution for developers and users by reducing transaction costs by up to 15 times compared to Ethereum Layer 1.
2. Compatible with Ethereum apps: Linea can seamlessly integrate with existing Ethereum applications. It is fully compatible with Ethereum Virtual Machine (EVM) bytecode and works with popular developer tools such as MetaMask, Infura, Diligence, and Hyperledger Besu.
3. Successful testnet phase: Linea underwent a successful testnet phase, during which it gained significant attention from users. With over 5.2 million unique wallets participating and executing more than 41 million transactions in just three months, Linea became one of the largest active projects on the Goerli testnet.
4. Onboarding testnet partners: The alpha release of Linea’s zkEVM rollup will onboard its testnet partners this week. The network will then be opened to the public during the upcoming EthCC conference.
5. Joe Lubin’s vision for Linea: Joe Lubin, founder and CEO of Consensys, believes that the future of web3 will be built on Ethereum Layer 2 solutions. He sees Linea as a major trusted L2 execution environment for scalable decentralized applications (dApps).
Hot Take: Linea’s Launch Marks a Milestone for Ethereum Scalability
With the release of Linea, Consensys has taken a significant step towards improving Ethereum’s scalability and reducing transaction costs. As more developers and users adopt Layer 2 solutions like Linea, we can expect to see the Ethereum network become more efficient and accessible for a wide range of applications. Linea’s ability to integrate seamlessly with existing Ethereum tools and its successful testnet phase demonstrate its potential to become a trusted and widely used Layer 2 execution environment. As the next chapter of web3 unfolds, Linea is poised to play a key role in shaping the future of decentralized applications.
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