On November 13, the Ethereum Virtual Machine (zkEVM) zero-knowledge layer two (L2) Rollup Linea developed by ConsenSys continued to move towards decentralization, establishing the Linea Association.
The Linea Association is a non-profit organization headquartered in Switzerland, aimed at promoting the growth and governance of Linea. The association was officially announced at the Devcon conference in Bangkok, Thailand on November 13.
The newly established association will have three main goals: supporting Linea technology, developing the Linea market, and further advancing Linea's decentralization roadmap, said Linea product lead Declan Fox.
ConsenSys founder and Ethereum contributor Joseph Lubin believes that the Linea Association is an important step in the network's journey towards true decentralization, avoiding any excessive control by a governing entity.
The Linea Association will oversee the development and governance of the open-source Linea technology and ecosystem, and drive the growth of the ConsenSys-backed zkEVM layer 1 mainnet Linea, to expand Ethereum while maintaining its security and decentralization.
One of the core features of the Linea Association's operation is token holder governance, which means that the Linea token will be issued in the first quarter of 2025.
According to the plan, the Linea Association will be able to provide governance rights to token holders, allowing them to participate in certain association activities, and the association will be responsible for managing the core Linea intellectual property and treasury to support its mission. (Cointelegraph)
