@Linea is a #Layer -2 ZK Rollup network that leverages zero-knowledge proofs to scale the Ethereum network while maintaining full Ethereum Virtual Machine #MarketPullback #EVM equivalence. This allows for faster and cheaper transactions, with finality in minutes instead of the week-long delays seen in optimistic rollups.
Key Features:
zkEVM Technology: Linea uses a Type 2 zkEVM, equivalent to the bytecode level with minor differences in gas handling, making it highly compatible with existing Ethereum apps.
Fast Finality: Linea achieves fast finality through zk-proofs, allowing users to withdraw assets quickly and securely.
- Low Fees: Gas fees on Linea are significantly lower than on $BNB $ETH @Ethereum #Layer 1, with users typically paying pennies.
- EVM Equivalence: Linea is fully compatible with Ethereum's EVM, enabling seamless deployment of existing smart contracts and dApps.
- Decentralization Roadmap: Linea is working towards decentralizing its sequencer and provers, with a phased approach to reduce centralization and increase security.¹
Adoption and Partnerships:
- SWIFT Partnership: Linea is being tested by SWIFT for cross-border payments, validating its potential for institutional finance.
- DeFi Adoption: Over 100 projects have deployed or announced launches on Linea, including Uniswap, Aave, and Curve.
- MetaMask Integration: MetaMask has launched a $30 million reward program in LINEA tokens to incentivize users.
Performance:
Total Value Secured (TVS): Linea's TVS stands at $1.49 billion, with a 6.44% increase.
-Daily Operations: Linea processes an average of 84.10K operations per day, with an average cost per operation of $0.001348.²
