Hassan Maishera
TL;DR
-
Metamask developer ConsenSys has launched its layer-2 scaling solution on the Ethereum blockchain.
-
The Linea network has produced significant scaling milestones in testing
ConsenSys Launches Linea
ConsenSys, the developer behind the Metamask wallet, has launched its layer-2 scaling solution on the Ethereum blockchain.
The solution called Linea network has so far produced significant scaling milestones in testing. According to the ConsenSys team, Linea is an Ethereum layer-2 scaling network that allows developers to build or migrate decentralized applications for Ethereum.
Lina currently operates using zero-knowledge proofs and is Ethereum Virtual Machine (EVM) equivalent. This implies that applications on the Linea network can seamlessly interact with the Ethereum blockchain.
During the testnet phase, more than 5.5 million unique wallets conducted over 46 million transactions. The team pointed out some improvements to Linea’s performance, transaction costs and user experience during that testnet phase.
The Linea network has also integrated ConsenSys’ Ethereum browser wallet MetaMask, making it possible for users to gain access to its token bridge, swap and buy functionality.
While commenting on this latest development, ConsenSys founder and CEO Joseph Lubin stated that;
“With the Merge to Proof of Stake and the broad traction of the rollup-centric roadmap, Ethereum L2s are set to play a crucial role in making great advances in scalability and usability.”
Linea network is advertised to offer lower gas fees, high throughput and low latency, compared to other layer-2 scaling solutions. These features could make Linea an attractive network for NFTs and blockchain gaming platforms.
The ConsenSys team also announced the launch of its Linea Ecosystem Investment Alliance (EIA). The EIA has more than 30 venture capital firms focused on lending capital and advisory assistance to ecosystem builders.
