Linea completes final stage of mainnet launch
Linea, a cutting-edge Ethereum Virtual Machine (EVM) rollup solution that employs zero-knowledge cryptography, has successfully concluded its mainnet release by implementing an ERC-20 token bridge.
By implementing this ERC-20 token bridge, it allows for the integration of third-party bridges into the network, thereby opening doors for a fresh influx of decentralized finance (DeFi) applications.
For the upcoming fortnight, individuals utilizing MetaMask's Buy crypto aggregator will not need to cover the expenses associated with network fees when transferring USDC.e. USDC.e is a modified variant of Circle's stablecoin, backed by the US dollar, that has been transferred from the Ethereum mainnet to rollups such as Linea and Arbitrum.
Rolling Out Ethereum's Galaxy
Linea is among the numerous rollups presently utilized on the Ethereum network.
After being introduced in July, the network asserts that it has witnessed the deployment of over 150 dApps on their platform. Additionally, there has been a consistent influx of more than 100,000 active users per week on the network.
Based on the data shared by L2 Beat, the platform has successfully handled around $2.7 million in transactions within the last month. As of now, its total value locked (TVL) stands at $31 million, which accounts for approximately 0.3% of the overall market presence of all Ethereum layer-2 solutions at present.
The network at layer 2 resembles Ethereum's structure, however, it enables quicker transactions and reduces expenses. According to Declan Fox, the product leader at Linea, as Linea operates as a "type 2" zkEVM, it is fully compatible with all the current applications on Ethereum.
"According to Fox, if you possess skills in Solidity programming language, the process of developing on Linea will be analogous to developing on Ethereum."
What's The Future Of Linea?
Fox explains that the Linea team is currently developing an exceptional prover technology known as Vortex. This technology employs an extraordinary two-step process which involves an inner proof and an outer proof.
"The internal evidence employs lattice-based cryptography to be swiftly generated. Afterwards, we utilize self-iteration to continuously compress that evidence until it reaches a suitable size, and finally we encompass it with an external proof and resolve it on the Ethereum platform," stated Fox. "This implies that we are capable of rapidly generating inexpensive proofs."
Linea is also exploring methods to utilize besu as its implementation client while aiming to distribute its network nodes.
"Besu, the Ethereum execution client, has a long-standing presence and a proven track record. Our goal is to incorporate the same unaltered software for Linea. Although it is not currently available, we plan to integrate it shortly as it brings high reliability to our platform," Fox explained.
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