ConsenSys has completed the launch of the Ethereum scaling rollup “Linea” with over 150 partners participating and over $26 million in bridge funds to the network in Ether.
Linea went live with select partners on the mainnet alpha in July 2023, allowing developers to migrate their existing decentralized applications (DApps) from the Ethereum mainnet or another scalable solution. with lower transaction costs and higher throughput for DApps running in the Ethereum ecosystem.
Declan Fox, senior product manager at Linea, revealed some milestones since the launch of zkEVM. Fox emphasized Ethereum co-founder Vitalik Buterin’s belief that zero-knowledge rollups (ZK-rollups) will prove their importance in zkEVM. operation of the wider Ethereum ecosystem due to technology. The Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARK) was developed.
“Bytecode-compatible zkEVM, like Linea, offers stronger security guarantees than existing scaling solutions. and also maintains the full network effect of EVM.”
Linea’s mainnet facilitates bridges between Ethereum and Layer 2 in just a few minutes, and Fox added that Linea supports a wide range of Web3 use cases, while its low transaction costs and high throughput make it useful. Especially for decentralized finance (DeFi) applications.
“Linea is seamless for existing DeFi protocols that work together to create innovative user experiences.”
In addition, Linea integrates with ConsenSys’ MetaMask browser-based wallet, making networked DApps accessible to millions of users across the ecosystem.
refer : cointelegraph
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