ConsenSys unveils Linea, a layer-2 network addressing Ethereum’s scaling challenges with zero-knowledge proofs, faster throughput, and reduced fees.
Key Points
- ConsenSys introduces Linea, a layer-2 network aiming to address Ethereum’s scaling challenges.
- Linea utilizes zero-knowledge proofs and offers EVM compatibility, enabling scalable dApp development.
- The network has undergone successful testnet trials and plans to onboard partners for its mainnet launch.
- Linea promises faster throughput, reduced transaction fees, and deeper integration with MetaMask.
ConsenSys, a well-established player in the Ethereum space and the creator of MetaMask, has recently unveiled its new layer-2 network called Linea. This network aims to address the scaling challenges faced by the Ethereum blockchain. With its launch on the main Ethereum blockchain, ConsenSys plans to onboard partners in the near future.
Congratulations to the folks over at @Consensys for their @LineaBuild mainnet release 🚀💫
We’re thrilled to be one of their launch partners and will begin integrating with Linea soon 🤝 pic.twitter.com/InEWVjw25D
— CyberConnect (@CyberConnectHQ) July 12, 2023
Introducing Linea – ConsenSys’ zkEVM Rollup Network
Linea is ConsenSys’ latest offering in the growing trend of zkEVM. This layer-2 scaling solution utilizes zero-knowledge proofs, making it functionally equivalent to the Ethereum Virtual Machine (EVM). Linea has already undergone a successful testnet phase, witnessing over 46 million transactions conducted by 5.5 million unique wallets. This achievement has positioned Linea as one of the largest and fastest-growing projects in Goerli.
The initial phase of partner onboarding for Linea will begin this week, leading up to its mainnet launch at ETHCC.
“Linea combines the power of zero-knowledge proofs with full Ethereum Virtual Machine (EVM) equivalence, allowing builders to create scalable decentralized applications (dapps) or migrate existing ones without the hassle of changing code or rewriting smart contracts.”
ConsenSys has announced that Linea’s alpha release offers faster throughput while significantly reducing transaction fees by up to 15 times compared to Ethereum layer-1. Furthermore, this release enables deeper integrations with ConsenSys’ popular crypto wallet, MetaMask.
Linea is set to be available to users next week, following the successful onboarding of launch partners. The network operates using Ether as its native currency, which is directly bridged from the Ethereum Mainnet. ConsenSys warns users to remain cautious of fraudulent advertisements related to an existing or upcoming Linea token sale or drop.
The Rising Popularity of zkEVM
zkEVM is an EMV-compatible rollup secured by zero-knowledge proofs. By combining zero-knowledge proofs and EVM compatibility, zkEVMs offer the privacy-preserving features of zk-Rollups while enhancing Ethereum interoperability with EVM compatibility. This compatibility allows zkEVMs to seamlessly interact with smart contracts and decentralized applications (dApps) on the Ethereum network.
The first publicly available zkEVM solution was zkSync’s ‘zkSync Era,’ which gained widespread attention upon its launch in March. Shortly after, Polygon unveiled the final mainnet for its own zkEVM product and introduced subsequent optimizations a month later.
As the Ethereum layer-2 ecosystem continues to evolve, the addition of ConsenSys’ Linea network further underscores the industry’s dedication to solving scalability challenges and improving the user experience on the Ethereum blockchain.
