Description

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.

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 the Project

Joseph Lubin

CEO

Co-founder of blockchain computing platform Ethereum and the founder of Consensus Systems (ConsenSys), a blockchain venture studio. Lubin graduated from Princeton University with a degree in Electrical Engineering and Computer Science. He worked in the Princeton Robotics Lab.

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

$725,000,000

Total Funds Raised

Linea is built by ConsenSys. ConsenSys has raised a substantial $725 million from top-tier funds and industry giants such as Microsoft, SoftBank, Temasek, and others.

$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.

Overview

Review

Linity