ConsenSys Launches Linea zkEVM for Ethereum Scalability

The Ethereum network has recently welcomed another scaling solution as ConsenSys has begun onboarding partners to its Linea network. The network was previously launched as a Testnet and has managed to establish outstanding scaling milestones in testing. Linea can be classified as a layer-2 scaling solution that allows developers to either build or migrate DeFi applications on the Ethereum network. The solution harnesses the power of zk proofs for its operation and is also an EVM equivalent. This suggests that any of its applications would be able to seamlessly interact on the Ethereum chain.

ConsenSys ensured that the network went through an extensive Testnet period, which resulted in more than 46 million transactions from almost 5.5 million wallets. Through extensive testing, ConsenSys was able to improve overall performance, transaction costs, as well as user experience. Furthermore, the gradual alpha release was initiated on July 11 along with almost 100 partners. ConsenSys claims an increasingly faster throughput as well as 15 times lower transaction fees in comparison to the Ethereum network.

ConsenSys Aims to Protect Users Using Linea

ConsenSys Aims to Protect Users Using Linea

Linea integrates with MetaMask, therefore offering users easy access to its token bridge, swap, and buy functionalities. The CEO of ConsenSys, Joseph Lubin, highlighted several Ethereum scaling protocols and solutions as being core components accelerating the development of Web3 applications and functionality.

He stated:

With the Merge to Proof of Stake and the broad traction of the rollup-centric roadmap, Ethereum L2s are set to play a crucial role in making great advances in scalability and usability.”

Some benefits associated with migrating applications to the Linea network include fast finality, jacked-up security levels, low latency, high throughput, and much more. Most of these components are deemed to be necessary to power NFTs, blockchain gaming, and other social applications.

The launch of Linea’s mainnet would make the best use of several safeguards to protect the users, dApps, and the network itself. However, this includes enabling only the launch partners to execute calls on the network within the first week. The firm plans to open up the network during ETHCC in France from July 17 this year, but limitations might be imposed on withdrawals during the initial 90 days.

Apart from that, ConsenSys would also host a bug bounty and monitor system performance campaigns prior to opening Linea to the end users. It is a fact that zkEVM has been a major point of interest this year. A number of firms have been utilizing its power for optimum scaling solutions. Polygon took its zkEVM network public in March, whereas Starknet has been focusing on increasing the throughput of its network.