Tired of the slowness and costs of Ethereum?
Don't worry! The solution is here, and it's the topic of the moment: Linea.
Linea is not just another project; it is a Layer 2 of Ethereum designed to do what we all need: instant transactions and ridiculously cheap costs. It is the future of the network, gentlemen.
How the use of Linea by Swift positively and directly influences the value of the Ethereum token ($ETH), despite the collaboration being with the Linea blockchain.
The influence is due to the structure of Linea as a Layer 2 network of Ethereum and how transaction fees are managed:
1- Role of Linea as Layer 2: Linea is a Layer 2 of the Ethereum network. Layer 2 networks are created to allow transactions to be faster and cheaper, as the main Ethereum network is known for being slow and expensive.
2- Beneficiary of Transaction Payments: Although Linea has its own token, the token that users actually use to pay for transactions and more within the Linea blockchain is Ethereum.
3- Effect on Demand and Price: Because Linea handles Swift payments, the token that truly benefits from this collaboration is Ethereum.
4- Burning Mechanism: Linea actively supports Ethereum by allocating 20% of all its revenue to burn Ethereum. This process reduces the supply of Ethereum, which in turn allows the token price to rise.
In summary, although Swift will use Linea to build its new payment system, the architecture of the network means that the token that capitalizes on that volume of activity is Ethereum, both for being the main payment method in Layer 2 and for the active burning of tokens that Linea performs.
#Linea @Linea.eth $LINEA $ETH #Ethereum
Disclaimer ⚠️
The information provided in the previous post is for informational and educational purposes only. It should not be interpreted as financial, investment, legal, or tax advice.🚫
