In a press release dated July 11, the New York-based blockchain development company Consensys launched an Ethereum layer-2 scaling solution dubbed Linea Network. The report revealed that the Linea network would support developers in creating their projects.
Additionally, the developers building on the Linea network can move their decentralized applications (dAPPs) to the Ethereum network more effortlessly.
Features of the Linea Network
According to Consensys, the Linea network will utilize the zero-knowledge proofs (ZKPs) and the Ethereum Virtual Machine (EVM). The integration of ZKPs and EVM aims to enable dAPPs to interact with the Ethereum network seamlessly.
Furthermore, the Consensys team confirmed that the Linea network had undergone a series of testing. During the completed Linea network testing, the developers observed that over 46 million transactions were conducted by 5.5 million wallets.
In a statement, the team behind Linea confessed to having invested in improving the new network. Among the core areas that the developers worked on improving included testing the performance of the Linea network.
Also, the developer leveraged their vast expertise to reduce the transaction cost and boost the user experience on the Linea network. After completing the testing and experimentation of the Linea network, the development team officially released their latest development on July 11.
Around 100 partners supported the rollout of the Linea network alpha version. During the launch, Consensys admitted that the transaction cost on the Linea platform was 15% less than those completed on the Ethereum mainnet.
Benefits of Linea Network
Irrespective of this, the Linea network provides its diverse users with a platform to access unique crypto products through MetaMask. It was reported that at the primary development of the Linea network, the developers integrated the Ethereum browser network MetaMask. This integration aimed at enabling the users to swap and trade functionality on the Linea network easily.
An announcement conveyed by Joseph Lubin, the chief executive of ConsenSys, revealed that integrating multiple layer-2 scaling networks and solutions will support the development of Web3 applications. Lubin explained that the recent development of Proof of Stake (PoS) and the popularity of roll-ups will play a critical part in improving the scalability and usability of the Ethereum layer 2 network.
The CEO argued that most decentralized finance (DeFi) applications will migrate to the Linea network to garner the endless benefits of the new platform. The report demonstrated the Linea network will provide the dAPP developers with fast finality, improved security, and cost-effective bridges.
In an exclusive interview with Consensys product Manager Declan Fox outlined the purpose for developing the Linea network. Fox argued that the Linea security depends on cryptography and maths, not crypto-economic assumptions. The product manager confirmed that the Linea network will provide the user with fast batch finalization and a trusted platform to withdraw Ethereum within minutes.
Will Linea Network Support Ethereum Scalability?
The Linea network provides the user with a low gas charge, relatively low latency, and high throughput. The key features of the Linea network will support the development of nonfungible tokens (NFTs), blockchain games, and the creation of social applications.
A few months ago, the ConsenSys team rolled out the Linea Ecosystem Investment Alliance (EIA) to provide developers with financial and technical support. The EIA has partnered with over 30 venture capital firms that will advise the developers.
Reflecting on the July 11 press release, the ConsenSys team confirmed that launching the alpha version of the Linea network would improve the user’s security. The blockchain development company stated that the Linea network had integrated crucial security tools that ensure maximum protection to the user, and other application built into the network.
After the launch, the ConsenSys team plans to enable their strategic partners to make calls over the network within the first week.
On July 17, the ConsenSys team will showcase the Linea network at the Ethereum Community Conference (ETHCC) in France. Immediately after the ETHCC event, the ConsenSys team will introduce withdrawal limits for the next 90 days.
Moreover the developers plan to run a bounty bug and system maintenance activities on the Linea network before allowing the end user to operate the network entirely.
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