ConsenSys, a leading company known for being behind the MetaMask cryptocurrency wallet, is strengthening Ethereum's Layer-2 ecosystem with a new participant. This week, ConsenSys announced a new Layer-2 network called Linea. Linea has been developed as an integrated solution to the Ethereum main blockchain and will include partners they will collaborate with in the near future.

Features and Advantages of Linea:

Linea is a Layer-2 scaling solution that utilizes zero-knowledge proofs (zkEVM) to address Ethereum's scalability issues. ConsenSys is the latest company to join the trend of utilizing zero-knowledge proofs. It is reported that Linea has successfully passed a testing phase and has become one of the largest projects on the rapidly growing Goerli testnet. By combining the power of zero-knowledge proofs with the Ethereum Virtual Machine (EVM) equation, Linea allows developers to build scalable decentralized applications (dApps) or migrate existing applications without the need to modify or rewrite them. #evm

The advantages offered by Linea include an increase in transaction capacity and a reduction of transaction fees by 15% compared to Ethereum Layer-1. Additionally, Linea is said to have the capability for deeper integrations with MetaMask. ConsenSys has announced that Linea will be available to users next week and their partners will begin integrating their dApps and infrastructure. #Ethereum

ZkEVM Technology:

ZkEVM is an EVM-compatible rollup secured by zero-knowledge proofs. This technology enhances the interaction between zero-knowledge proofs and smart contracts and decentralized applications (dApps) used on Ethereum while maintaining EVM compatibility. ConsenSys' Linea project aims to make the Ethereum ecosystem more scalable by utilizing this technology.

ConsenSys' Previous Work and Other Players in the Industry:

ConsenSys' Linea project demonstrates the active involvement of a well-known company in the Ethereum ecosystem in the Layer-2 space. Notably, examples of successful projects in this area include zkSync by Matter Labs, announced in March, and Polygon's zkEVM product, both of which have received significant attention.

In Summary:

ConsenSys' new Layer-2 network called Linea aims to provide scalability and low transaction fees to the Ethereum ecosystem. Developed using zero-knowledge proofs, Linea enables developers to create scalable decentralized applications (dApps) or migrate existing applications without the need for extensive modifications or rewrites. ConsenSys' Linea project stands out as an established player in the Ethereum Layer-2 space, continuing its efforts to bring more scalability to the Ethereum ecosystem. #layer-2 #ConsenSys #linea $ETH