ConsenSys, a leading Ethereum software company, is taking a significant step towards decentralizing its Layer-2 scaling solution, Linea. At Devcon in Bangkok, the company announced the formation of the Linea Association to guide the development and governance of Linea. This move marks a crucial milestone in Linea’s journey towards becoming a truly community-driven ecosystem.
The Linea Association will oversee the growth and evolution of Linea’s technology and ecosystem. This includes supporting the Linea Mainnet, a zkEVM Layer-2 solution designed to scale Ethereum while preserving its security and decentralization.
“Decentralization is at the core of Linea’s vision,” said Nicolas Liochon, founder of Linea and board member of the Linea Association. “Linea must be owned and governed openly by all as a public good, just as Layer 1 Ethereum is.”
The Linea Token and Governance
A key aspect of the Linea Association’s mission is to foster community-driven governance. To achieve this, the association plans to launch the Linea token in the first quarter of 2025. This token will empower holders to participate in decision-making processes, shaping the future direction of Linea.
“We want to do this in a very sort of open and transparent way,” said Linea product lead Declan Fox, emphasizing the association’s commitment to community involvement.
The Linea Association will provide a framework for token holders to exercise governance over various aspects of the platform, ensuring a decentralized and inclusive approach to decision-making.
Building a Thriving Ecosystem Through The Linea Association
Since its mainnet launch in August 2023, Linea has experienced rapid growth. With over 230 million transactions and a partner network of more than 420 organizations, Linea has become one of the fastest-growing zkEVM platforms on Ethereum.
The Linea Association aims to further accelerate this growth by fostering a thriving ecosystem of developers, users, and partners. Likewise, the association will focus on supporting developers in creating user-friendly decentralized applications, particularly through integration with MetaMask.
Joseph Lubin, founder and CEO of ConsenSys, believes that the Linea Association represents a crucial step towards achieving true decentralization for Layer-2 solutions.
“We don’t believe that layer 2s that are overly controlled by a company or a very narrow group of actors […] will be very successful,” Lubin stated.
