With the addition of new members to their Linea community, ConsenSys has achieved significant scaling milestones in testing. And that is beneficial information for the entire Ethereum ecosystem.
For Ethereum, Linea is a layer-2 scaling community that promotes the development of and migration to decentralized functions. It uses zero-knowledge proofs and is EVM-compatible, so its components could communicate with the Ethereum blockchain without further expansion.
Cheaper transactions and higher throughput
Over 46 million transactions were processed by about 5.5 million individual wallets throughout the testnet period. ConsenSys described the changes made to Linea during testing that increased productivity, reduced transaction costs, and improved the user experience.
In comparison to transactions handled on Ethereum’s mainnet, ConsenSys claims a 15 times quicker throughput and lower transaction pricing. Additionally, the gradual alpha rollout started on July 11 with more than 100 partners. Customers of Linea can purchase, sell, and exchange tokens using the Ethereum browser pocket from ConsenSys, MetaMask.
Joseph Lubin, the founder and CEO of ConsenSys, identified the growth of layer 2 Ethereum scaling protocols and options as a key driver of the emergence of Web3 apps and alternatives.
A recent announcement was made that highlights the decentralized finance (DeFi) apps making the switch in light of Linea’s quick finality, capital-efficient bridge, and the security inherited from Ethereum’s mainnet.
In the interim, the community offers low latency, rapid throughput, and affordable fuel prices, all of which are critical for social networks, blockchain-based video games, and decentralized apps. The Linea Ecosystem Funding Alliance (EIA), which was also founded by ConsenSys, consists of more than 30 venture capital firms.