Linea

What’s Linea?

The goal of the Linea network is to expand and grow Ethereum’s functionality. Linea enables developers to construct new apps and deploy old ones despite the excessive expenses related to the Ethereum Mainnet by providing native compatibility with the Ethereum Virtual Machine (EVM). Compared to the Mainnet, users may engage with these decentralized applications (apps) at substantially cheaper costs and far quicker rates.

Who Are the Founders of Linea?

Linea was created by ConsenSys, a United States startup founded by Ethereum co-creator Joseph Lubin. 

What Makes Linea Unique?

Linea works at a pace that eclipses Ethereum’s 15 transactions per second, processing over 10,000 operations per second. This enables more effective DeFi apps and seamless customer experiences. Gas costs on the network are slashed by up to 99%, thus reducing the obstacle to entry and opening up decentralized finance to a wider audience. Additionally, Linea provides smooth integration with the EVM, allowing programmers to implement smart contracts that are compatible with the EVM and ZK proofs. This facilitates easy transition and portability for new DApps as well. 

How Is the Linea Secured?

Linea uses cutting-edge technologies to provide strong infrastructure security. The network provides a strong basis for zero-knowledge proofs by combining a recursion-friendly zkSNARK prover with quantum-resistant lattice-based encryption. This system permits safe transaction verification while protecting the privacy of data. In order to thoroughly test and validate code, Linea also integrates formal verification procedures, which guarantee dependability and lower the possibility of vulnerabilities. Linea’s architecture is made to be resilient and flexible, supporting a wide range of customers, and provides robust security features to safeguard users and their belongings.

Where Can You Buy Linea?

Voyage LXP cannot be acquired by transferring LXP from another account. You can’t also purchase, swap, or sell them

What’s next on Linea?

According to Linea’s plan, creating a safe, decentralized network would take several stages. Offering an open-source stack and reaching 100% EVM coverage are the main goals of Phase 1, which also aims to promote security and transparency. Phase 2 focuses on user autonomy and decentralization, broadening the Security Council and allowing withdrawals that are resistant to censorship. Phase 3 increases network integrity and participant confidence by decentralizing important roles in the ecosystem and governance. Phase 4 introduces a variety of zkEVM provider implementations while limiting governance to areas crucial for ecosystem resilience and trust-related risk mitigation. This stage strikes a compromise between decentralization and governance, guaranteeing adaptability and dependability while retaining a decentralized culture.