$26M ETH bridged: ConsenSys completes public launch of zkEVM Linea

ConsenSys has completed the motorboat of its Ethereum scaling rollup Linea, onboarding implicit 150 partners and bridging much than $26 cardinal successful Ether (ETH) to date.

Linea went unrecorded with prime partners onboarded to the alpha mainnet successful July 2023, allowing developers to migrate existing decentralized applications (DApps) from Ethereum’s mainnet oregon different scaling solutions. The zero-knowledge Ethereum Virtual Machine (zkEVM) is simply a layer-2 scaling solution that provides little transaction costs and higher throughput for DApps moving successful the Ethereum ecosystem.

Cointelegraph spoke exclusively to Linea elder merchandise manager Declan Fox to unpack large milestones since the zkEVM’s launch. Fox highlighted Ethereum co-founder Vitalik Buterin’s content that zero-knowledge rollups (ZK-rollups) would beryllium important successful the cognition of the wider Ethereum ecosystem arsenic Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARK) exertion improves.

“Bytecode-compatible zkEVMs, similar Linea, supply stronger information guarantees than existing scaling solutions and support the afloat web effects of the EVM — the astir adopted astute declaration execution environment.”

According to Fox, Linea’s mainnet facilitates trustless bridging betwixt Ethereum and furniture 2 successful minutes, creating a capital-efficient situation for liquidity to beryllium tied into rollups. Linea besides addresses the disadvantages of optimistic rollup solutions that person a seven-day withdrawal confirmation time.

“Much similar however countries without overseas speech power successful the fiscal markets are much competitive, zkEVM solutions volition soon outperform optimistic solutions successful presumption of idiosyncratic and liquidity acquisition.”

Fox added that Linea supports a assortment of Web3 usage cases, portion its debased transaction costs and precocious throughput makes it peculiarly utile for decentralized concern (DeFi) applications.

“Linea is seamless for existing DeFi protocols and DApp developers to physique composable wealth legos that enactment unneurotic to make innovative idiosyncratic experiences.”

Linea besides features default integration with ConsenSys’ browser-based MetaMask wallet, allowing DApps connected the web to entree millions of users crossed the ecosystem.

Fox besides noted that the imaginable for the Linea ecosystem is “boundless,” reflecting connected the capabilities of ZK-rollup exertion to supply little costs, higher throughput and Ethereum-based information portion providing a capital-efficient span to the layer-1 mainnet.

The nationalist merchandise besides saw Linea’s ERC-20 token span spell live, allowing ERC-20 tokens — similar stablecoins, liquid staking ETH and memecoins — to beryllium bridged and accessible done the scaling solution.

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Magazine: Here’s however Ethereum’s ZK-rollups tin go interoperable