At Devcon in Bangkok, the Linea Forum announced its formation to oversee development and governance. line Open source technology and ecosystem is the aim of the Swiss non-profit decentralize The Linea network – zkEVM Layer-2 solution designed for Ethereum scaling – enables community-driven governance with the launch of the LINEA token by the end of Q1 2025.
The association's mission includes supporting growth main line To create a fast, affordable and secure network that is accessible worldwide. The country plans to advance decentralization through new governance mechanisms and implement decentralized proof-of-stake and proof-of-concept. Empowering developers to create decentralized applications with advanced user experiences and fostering strong and active communities are also key priorities.
Nicolas Leuchon, founder of Linea and board member of the Linea community, said.
Decentralization is at the core of Linea's vision. “Linea should be a public good, openly owned and operated by everyone, just like Ethereum's Layer 1.”
The governance structure will include a board of directors, a general assembly, an executive director and a symbolic governing body. The LINEA token allows holders to participate in governance and the details of token design and usage are shared prior to the token generation event. More than 1.3 million verified addresses have joined the network, demonstrating Linea's focus on organic community growth.
Since it is the main network start up As of August 2023, Linea has processed over 230 million transactions, making it one of the fastest growing zkEVMs on Ethereum. The ecosystem has also expanded to more than 420 ecosystem partners. The technology is publicly available under the Apache license and allows users to view, fork, and modify the code.
The forum operates independently of Consensys and is aligned with CEO Joseph Lubin's vision for the gradual decentralization of core innovations. Lubin said
As Consensys moves towards decentralization, Linea is a fundamental step in our vision to create a network government for the emerging decentralized global economy.
Linea has integrated long-term Ethereum contributors such as Status, developers of the Nimbus client that secures 10% of Ethereum's proof-of-stake network. The community intends to decentralize core protocol development and governance and ensure social and technical alignment within the community.
The structure of the Swiss community allows token holders to have sovereignty over IP management and the treasury that supports Linea's mission. The focus remains on the growth and development of LINEA's open source technology and the Linea network.
Linea aims to empower users and businesses to manage valuable chain data including identity and assets. Based on this announcement, the Linea community is taking an important step towards decentralizing the network and strengthening participatory and transparent governance. This initiative aims to empower the global community to shape the future of Linea and contribute to the wider Ethereum ecosystem.
