Fun

Linea receives first contributor for open-source L2 rollup

News Feed - 2024-08-20 09:08:21

Josh O"Sullivan12 hours agoLinea receives first contributor for open-source L2 rollupStatus partners with Linea, marking the beginning of a significant contribution to Linea’s zkEVM-powered L2 rollup as part of a broader decentralization effort.583 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onLinea, a layer-2 (L2) solution operating on top of the Ethereum blockchain, has announced the arrival of its first contributor to its open-source L2 rollup project.


According to a press release shared with Cointelegraph, Status, a global collective building a digital platform for inclusive communities, has partnered with Linea to launch the Status Network.“Status will be the first contributor to Linea’s open-source code [...] Developers at Status will engage directly with the Linea codebase, intending to operate an identical version of Linea in parallel, thereby strengthening the entire ecosystem.”


Related:Full decentralization will happen in a few years — Layer-2 rollup teamsLinea decentralization roadmap


The partnership represents a milestone in Linea’s longer-term decentralization roadmap to establish a more transparent, secure and collaborative ecosystem.


In the press release, Nicolas Liochon, Linea’s global lead, explained that the team has been “focused on Linea’s open-source stack” since the successful launch of Linea mainnet alpha.“Our collaboration with Status is a natural fit, given their significant contributions to core Ethereum operations and their strong consumer-facing focus through the Status app.”


Related:Layer-2 rollups must decentralize sequencers or face the consequencesStatus network contribution to Linea


According to the press release, the Status team will contribute to “ongoing engineering on Linea,” including conducting research and “supporting client and prover diversity.”


Cyprien Grau, a Status core contributor, stated that the network and Linea have “a shared vision” to further decentralization on the Ethereum blockchain.“We believe zk is the endgame for scaling and could not be more thrilled about this deep collaboration aimed to ultimately scale Ethereum horizontally.”


Related:MetaMask launches pilot self-custody debit card with MastercardFocus on zkEVM technology


Zero-knowledge Ethereum Virtual Machine (zkEVM) technology is at the core of Linea’s solution for scaling Ethereum.


The approach aims to address challenges involving high fees and low transaction throughput on the Ethereum blockchain through Linea’s zkEVM L2 rollup solution.


This latest development follows Vitalik Buterin’s recent statement in an Aug. 5 X post regarding cross-chain interoperability between Ethereum L2 networks


Buterin stated people would be “surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems” and the resulting “smooth user experience” across the Ethereum ecosystem.


Magazine:11 critical moments in Ethereum’s history that made it the No.2 blockchain# Blockchain# Ethereum# Technology# Open Source# Vitalik Buterin# Adoption# ConsenSys# DeFi# Layer2Add reaction

News Feed

Prashant Jha11 hours agoGary Gensler teases details of SEC’s $5B take from enforcement actions, shades cryptoGensler revealed that the SEC took 780 enforcement actions, including 500 standalone cases, and distributed $
South Korea implements tougher rules for crypto exchange listings
Amaka Nwaokocha13 hours agoSouth Korea implements tougher rules for crypto exchange listingsHowever, tokens listed on a licensed exchange for over two years may not need to meet these new criteria.872 Total views6 Total
Crypto Portfolio App Ember Seeks $1 Million in SEC-Registered Securities Sale
Ember Fund, makers of an AI-managed cryptocurrency portfolio app, is seeking to raise up to $1 million through a Securities and Exchange Commission-registered securities sale. The y
Yield-bearing Treasury-backed stablecoin USDY launches on Aptos
Vince Quill10 hours agoYield-bearing Treasury-backed stablecoin USDY launches on AptosStablecoin issuers are becoming some of the largest buyers of United States government debt at a time of increased de-dollarization.42
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD sta
US Dollar Could Lose Most of Its Value in 5 Years, Investment Manager Warns
US Dollar Could Lose Most of Its Value in 5 Years, Investment Manager Warns Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within five
Turner Wright2 hours agoFollowing SEC delays, ARK Invest and 21Shares file for spot Ether ETFThe two firms currently have a spot Bitcoin exchange-traded fund being reviewed by the SEC and recently proposed listings of tw
Trump Social Media Firm In Talks To Expand Into Crypto With Bakkt Acquisition
Donald Trump’s media venture, the Trump Media and Technology Group (TMTG), is reportedly in advanced negotiations to acquire Bakkt, a crypto trading platform owned by the Intercontinental Exchange (ICE).  Trump Sets S
Dogecoin Price Consolidates In Symmetrical Expanding Triangle, What’s Next For DOGE?
Este artículo también está disponible en español. Dogecoin (DOGE)   is once again making waves in the crypto market. This time, it’s due to a fascinating technical pat
Bitcoin Rejected At Descending Resistance Again – Is $78,600 Still In Play?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors
Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox CreditorsGox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox.
40 Million Troy Ounces: Russia’s Gold Find Reaffirms Bitcoin as the More Scarce Asset
40 Million Troy Ounces: Russia"s Gold Find Reaffirms Bitcoin as the More Scarce Asset News of the discovery of approximately 40 million troy ounces of gold in Ru