To solve the problem of Ethereum expansion, Layer2 was born. Among the many Layer2 solutions, Rollup is currently the most popular solution. Rollup can be divided into two types: Optimistic Rollup and ZK Rollup. Compared with Optimistic Rollup, ZK Rollup has more advantages in security, speed and gas fees. However, Optimistic Rollup is compatible with Ethereum's EVM smart contracts, so it is relatively simple for developers to migrate smart contracts to Layer2. This is also the main reason why the application rate of Optimistic Rollup is higher than ZK Rollup and has become the mainstream Layer2 solution.
In order to solve the problem of ZK Rollup being incompatible with EVM, ZK-EVM came into being, and based on this, there was a new generation of highly anticipated star project - Linea . Today, let's talk with everyone about why the Web 3.0 community likes this emerging project Linea.
Why Linea is a hit as soon as it goes online: Backed by ConsenSys, it is a powerful emerging dark horse project.
Linea is an innovative blockchain solution that combines powerful zero-knowledge proof capabilities with full Ethereum Virtual Machine (EVM) equivalence. It allows developers to build scalable decentralized applications (dapps) or migrate existing dapps without changing code or rewriting smart contracts, greatly simplifying the development process.
Behind a good project, there must be a strong R&D team to protect it, and Linea is one of them. It is developed, designed and operated by ConsenSys.
Here I must give you a detailed introduction to ConsenSys.
ConsenSys is an Ethereum software company founded in 2014. It is a leader in the industry, with operations around the world and employing many top entrepreneurs, computer scientists, protocol engineers, software developers and enterprise delivery experts. As one of the largest and most fundamental entities in blockchain technology, ConsenSys' global network of people, projects and companies is building development tools for the blockchain industry, as well as decentralized applications and solutions for enterprises and governments determined to leverage the power of Ethereum. The organization was called "the most famous and prevalent decentralized application developer and promoter in the Ethereum community" by The New Yorker in 2018. The current product suite consists of Infura, Quorum, Truffle, Codefi, MetaMask and Diligence.
Joseph Lubin is the co-founder of Ethereum and founder of ConsenSys. Lubin was born and raised in Toronto, Canada, and graduated from Princeton University with a degree in electrical engineering and computer science. He has developed autonomous music composition tools at Princeton Robotics Lab at Tomandandy Music and autonomous mobile robots at private research company Vision Applications Inc. Lubin also focuses on the intersection of cryptography, engineering, and finance.
It is worth mentioning that ConsenSys is the parent company of the popular MetaMask (Metamask Wallet). It is not difficult to find that ConsenSys has rich experience in blockchain technology accumulation and development. The team has not only successfully created top products such as MetaMask, but also developed blockchain infrastructure such as Infura, making great contributions to the Ethereum ecosystem. With such a big tree behind to provide "support" for itself, Linea is obviously quite confident.
Unique technical advantages: the organic combination of zero-knowledge proof and EVM equivalence.
Linea, built by ConsenSys, is a Type 2 of the zkEVM family, leveraging the scalability properties of the zkEVM to provide faster transaction times and higher throughput. zkEVM is a zero-knowledge proof (ZKP) version of the Ethereum Virtual Machine (EVM) that ensures that transactions and smart contract executions are verified without leaking any sensitive information. This not only enhances security, but also enables a more scalable and efficient platform.
As a brand new ZK Rollup network, Linea provides full EVM compatibility, combining zero-knowledge proofs with full EVM equivalence. Developers can build an Ethereum environment like on the mainnet, allowing builders to create scalable dapps or migrate existing dapps without the hassle of changing code or rewriting smart contracts, while still getting the same security guarantees of Ethereum.
Linea, an EVM-compatible zero-knowledge layer 2 (zkEVM), has launched its mainnet alpha version after a successful public testnet. The Mainnet alpha makes a number of updates to the zkEVM architecture, increasing transaction speeds, reducing fees, and providing deeper integration with MetaMask. Although initial security restrictions include limited network access and withdrawal limits, these will be gradually reduced over the next 90 days after launch. Users will gain full network access after completing partner onboarding.
It has both software and hardware, and is backed by strong capital support, as well as irreplaceable core advantages.
As a strong dark horse project, Linea has many advantages such as zero-cost migration and seamless integration .
Let's talk about zero-cost migration first. Linea is highly composable. It is designed to work seamlessly with all other EVM-based dapps and allow fast communication between them. Users can perfectly master it without becoming experts in zero-knowledge technology. It is worth mentioning that Linea uses ETH as gas fees and does not rely on third-party translators or custom middleware. With Linea, developers can use their favorite applications, tools, and infrastructure to gain scalability with full EVM equivalence, and existing dapps can be built on Linea and migrated without changing code or rewriting smart contracts. In addition, the lattice-based prover enables its zkEVM to provide higher throughput.
Let's talk about the advantages of seamless integration. With Linea, you get native integration with tools like Infura, MetaMask, and Truffle. Builders can easily attract users using the web3 wallet MetaMask. In addition, with Infura's easy-to-use API, developers can release dapps faster and expand. Developers can also use Truffle or use popular developer environments such as Hardhat, Foundry, and Brownie to build, test, debug, and deploy their Solidity smart contracts, and compatible Ganache and Diligence support local code testing and auditing, respectively.
In addition to its core advantages in technology and products, the project's financing situation is also a strength that cannot be ignored. Although the Linea project itself has not released financing information, we can refer to the financing situation and investment institutions of its technical development team ConsenSys.
So far, ConsenSys has successfully raised $775 million, and its valuation is as high as $7 billion, making it a veritable giant. ConsenSys has gone through five rounds of financing, with investors including JPMorgan Chase, UBS, Microsoft, Temasek and many other capital parties. It is no exaggeration to say that the ConsenSys team itself has top-notch technology and resources in all aspects. Its team has also been investing and developing projects externally, and the direction of its layout is the underlying applications of the crypto industry, such as blockchain developer tools, smart contract development kits, decentralized trading systems, etc. The most typical representative of them is the Metamask Wallet that we use every day, which is the most popular Web 3.0 wallet in the crypto.
As the saying goes, it’s good to lean on a big tree for shade. With the strong support and endorsement of ConsenSys, we have reason to believe that Linea’s ecosystem will get better and better.
The above information is released by Worldchain Finance. Worldchain Finance works closely with major project parties in the industry to share high-quality projects with the community and convey the voice of the community to the project parties. Worldchain is willing to work with all parties to jointly build a prosperous WEB3 ecosystem. We welcome more project parties and community links to cooperate.
