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ThecoinrepublicBlogUnderstanding Linea and ConsenSys' ZkEVM Rollup Network
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Understanding Linea and ConsenSys’ ZkEVM Rollup Network

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Ethereum is a vast ecosystem, and it has so many spinoff solutions as well. These corollary programs extend ETH’s functionality and make it more adaptable. Linea and ConsenSys’ programs enhance the blockchain’s effectiveness in many ways. To understand their full potential, one needs to study them.  

Insights into Linea & zkEVM Rollup

Linea has been developed to upscale the throughput and reduce the transaction fee. It is a fully-EVM equivalent zero-knowledge rollup (zk-rollup) program. For the uninitiated, EVM is Ethereum Virtual Machine, an application that executes smart contracts on the Ethereum network. It also analyzes the network each time a new block is added. 

On the other hand, Zero Knowledge Rollup is a Layer-2 scalability solution. It expedites the validation of transactions while keeping the gas fee limited. They work better than the traditional Layer-1 blockchain by blending on and off-chain processes. Linea does not just bring the two advanced solutions together; it also deploys other mechanisms. 

It also utilizes the Zk-SNARKs, which stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. It is a form of zero-knowledge cryptography where network members can exhibit their possession of information. They can reveal a private key without revealing details about the belongings or interactions. 

Linea uses a lattice-powered prover that works on zkSNARK technology. It generates proofs quickly without deploying a trusted setup, which zkSNARK lacks. Putting in multiple solutions makes the transactions 15x to 20x cheaper on the Ethereum mainnet. 

Furthermore, Linea has emerged as a developer-friendly program for tooling and infrastructure requirements. It supports Truffle, ConsenSys, Infura, and MetaMask as well. This addition makes development possible for developers who do not know zkEVM or zk-rollup. 

ConsenSys With a Big Initiative

ConsenSys announced that it will launch Linea mainnet alpha on July 11. It said that the onboard testnet partners will test the platform before it becomes public. The project has already garnered figures such as 47 million transactions and 5.5 million unique wallets. With over 100 partners and decentralized applications, it is one of the promising projects of this year.

History of ConsenSys

Ethereum co-founder Joseph Lubin founded ConsenSys in 2014. Its motto was to strengthen infrastructure and applications to support the development of dApps on Ethereum. Today, ConsenSys is a dominant player in the crypto infrastructure space. It is behind major projects like Infura, MetaMask, etc. 

With Linea, ConsenSys is taking its developmental efforts to the next level. Shortly after the launch of the Linea public testnet, the team announced another initiative. It rolled out a 9-week Linea Voyage campaign to orient new users to the ecosystem. Under this program, the developers were to work on on-chain analytical tools, social apps, NFTs, DeFi, NFTs, etc.

During the campaign, more than 5.5 Million wallet holders generated more than 47 Million transactions and set a benchmark. Celebrating the success of Linea Voyage, ConsenSys has developed an NFT, which will be unveiled at EthCC Paris this year. It would be the first NFT collection to go live on the Linea mainnet. 

Heading for a Great Future

Linea Mainnet Alpha paves the way for the deployment of new protocols. The event will bring together project leaders of PancakeSwap, Uniswap, Aave, Stargate, SushiSwap, and many others. In addition to that, it has released a five-base roadmap for the chain. It is foreboding great possibilities for the company and the entire crypto space. 

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Andrew Smith
Andrew Smith
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
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