Linea is a project by ConsenSys, aiming to improve the Ethereum blockchain. It's like a rollup that replicates Ethereum's environment, making it easier for developers to build apps.
What is Linea
Here's how it works:
- Zk-Rollups Technology: Linea uses Zk-Rollups to process many transactions at once, reducing the load on Ethereum's network. This technology posts only necessary data to Ethereum, making transactions faster and cheaper.
- Advanced Capabilities: Unlike traditional Zk-Rollups that are limited to simple transactions, Linea can handle complex smart contracts. This means apps that work on Ethereum can easily move to Linea without changing their code.
- Backed by ConsenSys: ConsenSys, known for creating MetaMask, supports Linea. They bring experience and resources to the project.
- Zero Switching Costs: Developers can shift their existing apps to Linea easily. It's designed to work smoothly with Ethereum apps.
- Easy to Use: Linea integrates with popular tools like Infura, MetaMask, and Truffle, making it user-friendly for developers.
- Uses Ethereum's ETH for Gas: Transactions on Linea use Ethereum's ETH, which is familiar to users.
In summary, Linea is all about making Ethereum better - faster transactions, lower costs, and easy app development. It's ideal for those already using Ethereum and looking for improvements.
Team of Linea
Kishore Atreya
Co-founder
Product Lead and Treum Co-Founder at Treum and the Co-Founder of EulerBeats and ConsenSys. He previously worked as the Senior Manager, Technology and Integration, Banking and Financial Services Industry at Deloitte Consulting.
Funding of Linea
$450,000,000
Series D round
Microsoft, Temasek, Third Point Ventures, Softbank Capital, Marshall Wace, ParaFi Capital, 21 Savage.
$200,000,000
2nd Late VC round
HSBC, Third Point Ventures, Coinbase Ventures, Dragonfly Capital, Electric Capital, Marshall Wace, The Spartan Group, Animoca Brands, Think Investments, ParaFi Capital, DeFiance Capital.
$65,000,000
1st Late VC round
UBS, MasterCard, Quotidian Ventures, MakerDAO, Fenbushi Capital, Liberty City Ventures, JP Morgan, Protocol Labs, CMT Digital Ventures, Alameda Research, Greater Bay Area Homeland Investments, The LAO.
$10,000,000
Early VC round
SK Group.
Linea review
Pros
Faster Transactions
Linea's zero-knowledge proofs streamline smart contract processing on Ethereum. This technology speeds up transactions and could lower fees.
High Privacy
Users can run smart contracts on Linea without exposing sensitive details. Zero-knowledge proofs offer strong privacy and security.
Ethereum Friendly
Linea is compatible with Ethereum's ecosystem. It supports existing smart contracts and decentralized apps (dApps).
Developer Ease
Linea's integration with Ethereum tools like Infura, Truffle, and MetaMask simplifies development. It allows easy building and deployment of smart contracts without complex setups.
Cons
Emerging zkEVM Tech
As zkEVM technology is new, its full capabilities under stress or heavy user load aren't fully known.
Governance Challenges
Linea needs effective governance for protocol changes and upgrades. Balancing decentralization and control is key.
Opportunities
AirdropMainnet
Minimal cost: ~15 USD
Linea Mainnet
Interact with the Linea DeFi ecosystem and participate in the Linea Quest Campaigns to potentially become eligible for the Linea airdrop.
AirdropTestnet
Minimal cost: Free
Linea Testnet
With the launch of the Linea mainnet, the priority has shifted from testnet activities to mainnet activities. If you participated in the testnet before the mainnet release, there is a chance that you will be rewarded for it, as this was the case in other opportunities.
Knowledge
What Is Airdrop Farming & How to Farm Airdrops? (Full Guide)
Guide8 mins
What Is Airdrop Farming & How to Farm Airdrops? (Full Guide)