ConsenSys launches Linea zkEVM to additional scale Ethereum


The Ethereum ecosystem welcomes one other layer-2 scaling answer as ConsenSys begins onboarding companions to its Linea community, which has produced important scaling milestones in testing.

Linea is an Ethereum layer-2 scaling community that permits builders to construct or migrate decentralized functions for Ethereum. It operates utilizing zero-knowledge proofs and is Ethereum Digital Machine (EVM) equal, that means its functions can seamlessly work together with the Ethereum blockchain.

The community went by way of a prolonged testnet interval which noticed some 5.5 million distinctive wallets perform over 46 million transactions. ConsenSys outlined enhancements to Linea’s efficiency, transaction prices and person expertise by way of its testing interval.

The gradual alpha launch started on July 11 with greater than 100 companions and ConsenSys touts sooner throughput and 15 instances decrease transaction charges than these executed on Ethereum’s mainnet.

Linea additionally integrates with ConsenSys’ Ethereum browser pockets MetaMask, giving Linea customers entry to its token bridge, swap and purchase performance.

ConsenSys founder and CEO Joseph Lubin highlighted the variety of layer 2 Ethereum scaling protocols and options as a key element driving the event of Web3 functions and performance:

“With the Merge to Proof of Stake and the broad traction of the rollup-centric roadmap, Ethereum L2s are set to play a vital position in making nice advances in scalability and usefulness.”

The announcement shared with Cointelegraph highlights decentralized finance (DeFi) functions migrating to Linea to faucet into quick finality, capital environment friendly bridge and inherited safety from Ethereum’s mainnet.

In the meantime the community additionally presents decrease gasoline charges, excessive throughput and low latency, that are key elements wanted to energy nonfungible tokens, blockchain gaming and social functions.

Associated: Are ZK-proofs the reply to Bitcoin’s Ordinal and BRC-20 downside?

ConsenSys additionally launched its Linea Ecosystem Funding Alliance (EIA), which is able to see greater than 30 enterprise capital corporations lend capital and advisory help to ecosystem builders.

The launch of Linea’s alpha mainnet will make use of safeguards to guard customers, DApps and the community itself. This consists of solely permitting launch companions the execute calls to the community over the primary week.

ConsenSys intends to open up the community throughout ETHCC in France from July 17, whereas some limits on withdrawals could also be instituted over the primary 90 days. The agency will perform a bug bounty and monitor system efficiency earlier than absolutely opening LIna to finish customers.

Ethereum layer 2’s have been a serious speaking level in 2023. Layer 2 growth agency Polygon additionally tooks its zkEVM community public in March 2023. In the meantime Starknet, whose founder Eli Ben-Sasson pioneered zk-proofs, has centered on growing throughput of its community this 12 months.

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Journal: ZK-rollups are ‘the endgame’ for scaling blockchains: Polygon Miden founder


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