#Linea Token: Powering the Future of #Ethereum Scalin Linea is a layer-2 scaling solution for Ethereum that uses zero-knowledge proofs to achieve high throughput and low transaction fees. The Linea token is the native token of the Linea network and is used for a variety of purposes, including:1. Gas fees: Linea tokens are used to pay for gas fees on the Linea network.2. Staking: Linea holders can stake their tokens to secure the network and earn rewards.3. Governance: Linea holders have voting rights and can participate in the governance of the Linea ecosystem.Benefits of the Linea TokenThe Linea token offers a number of benefits to users, including:1. Reduced gas fees: Linea transactions have significantly lower gas fees than Ethereum mainnet transactions.2. Increased throughput: Linea can process thousands of transactions per second, compared to just 15 transactions per second on Ethereum mainnet.3. Improved security: Linea uses zero-knowledge proofs to secure the network, which is considered to be a very secure technology.4. Decentralization: The Linea token is designed to be decentralized, with the community having a greater say in its governance.Use Cases for the Linea TokenThe Linea token can be used for a variety of purposes, including:1. Paying for gas fees on the Linea network: Linea tokens are used to pay for gas fees on the Linea network when using decentralized applications (dApps).2. Staking to secure the network and earn rewards: Linea holders can stake their tokens to help secure the Linea network and earn rewards in the form of Linea tokens.3. Participating in the governance of the Linea ecosystem: Linea holders have voting rights and can participate in the governance of the Linea ecosystem, such as voting on proposals to improve the protocol.4. Investing in the Linea ecosystem: Linea tokens can be purchased and sold on exchanges, and can be used to invest in the Linea ecosystem, such as by investing in new dApps that are being built on the Linea network.#Linea #BinanceSquare #Binancefeed #Binance

ConsenSys, the team behind the popular Metamask wallet, has announced the launch of its zkEVM testnet network, now called Linea, after a successful private testing phase. Linea is a Layer 2 (L2) solution built on zero-knowledge technology that is fully compatible with the Ethereum network, providing developers with a seamless experience in building decentralized applications (dapps).

The launch of Linea is expected to help Ethereum scale by providing a high-performance infrastructure to support the development of dapps. Linea is designed to empower Ethereum builders to innovate without worrying about the limitations of cost or scalability. By offering faster transaction speeds, reduced gas costs, and native integrations with popular tools like MetaMask and Truffle, ConsenSys has made it easy for developers to focus solely on innovation.

The zkEVM protocol ensures that developers can create scalable dapps or migrate existing ones without changing the code or rewriting smart contracts. Linea is also highly composable, offering flexibility and scalability to developers who are not experts in zero-knowledge technology.

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During the private testing phase, Linea surpassed expectations, with over 1.5 million transactions completed in just a few weeks. ConsenSys is grateful for the contributions of its early partners and testers who helped shape and prepare Linea.

ConsenSys has always aimed to build Ethereum and make web3 universally useful and accessible. In line with this spirit, Linea is designed to provide a seamless developer experience on an L2 network. To encourage developers to build on Linea, the company has made it available as a default testnet option on the MetaMask extension.

The launch of Linea is a significant milestone for ConsenSys and the Ethereum ecosystem. As the community works towards scaling Ethereum and fulfilling the promise of Ethereum 2.0, Linea represents an important step towards achieving this goal. Developers who want to build innovative dapps on a high-performance infrastructure should check out Linea today.

#ConsenSys #Linea #zkEVM #Ethereum #azcoinnews

This article was republished from azcoinnews.com

OverviewThe "People's Alliance" ALLY event gathering more than 50 Protocols with a total Market Valuation of $10B USD will start launching from January 4, 2023.Details:Launch date: January 4People’s Alliance Inscription: ALLYMint Page: Particle Network Inscription PlatformNetwork: LineaThis is a project with very high airdrop potential because it is the first project on Linea and is supported by many large partners.Mint Guide ALLY InscriptionStep 1: Access: https://ally.build?inviteCode=G5UFTBStep 2: Click INSCRIBE NOW or JOIN NOWStep 3: LOG IN WITH PARTICLE AUTH: Use X to register, or if there is an error, you can use Email or Facebook.Confirm the invite code above again (code: 6IIS6W, G5UFTB, GBC5RS, HTCUVJ, 8LW2JY, KD0VUP, ZSL7AG, KBXEW1, 1TKFWZ, L8CQXQ)Connect X (remember to click verify human) + Follow the projectConnect Discord + Join Discord projectConnect everyone's Meta wallet.Step 4: After completing the above verification steps, you will receive Points and mint cardsStep 5: After completing, open the INSCRIPTION sectionThe right corner of the screen is our AA wallet to mint, it opens from the Meta wallet we initially connected.Deposit Linea network ETH into the AA wallet address on the right corner to make fee mint.Then you must do the task in the Community section to get Points.Get Points to convert into Spin. 1000 Points = 1 SPINSpin is used to exchange for mint cards, guys. You have to plow to get a turn, mint. That's basically it!Step 6: Transfer ETH from Meta wallet to AA wallet address on the website and mint.Related: Instructions for Participating in Airdrop NOTCOIN (Free)#AirdropOpportunity #binancerewards #airdropclaim #Linea Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.