Linea (LINEA) is a Layer 2 solution for Ethereum promising to enhance scalability and reduce transaction costs through the latest zk-rollup technologies.
Overview of Linea (LINEA)
Linea, formerly known as ConsenSys zkEVM, is a second-tier (L2) network developed by ConsenSys, the author of MetaMask. Its goal is to improve blockchain scalability and enhance the user experience. Since its mainnet launch on July 11, 2023, Linea has significantly expanded, boasting over 420 partners and 1.3 million verified addresses.
How zk-rollup Technology Works
Linea utilizes zk-rollup technology to batch transactions off-chain and then submit those batches back to Ethereum. The main method is zk-SNARKs — compact non-interactive proofs that provide the ability to confirm the truth of statements without disclosing underlying data. These technologies enable Linea to handle a higher volume of transactions at low costs and high speeds.
Tokenomics and TGE of Linea (LINEA)
The LINEA token is designed to support both Linea and Ethereum. The token allocation consists of 85% for ecosystem development and 10% for airdrops. The TGE is scheduled for September 10, 2025, with 22% of the tokens entering circulation immediately post-launch. The tokenomics structure incorporates a dual-burn mechanism that directs a portion of network revenues to burn tokens, increasing their scarcity in the market.
Linea (LINEA) represents a successful solution in expanding Ethereum's capabilities through the use of zk-rollup technologies, ensuring fast and cost-effective transactions while supporting an active ecosystem.
