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At Devcon in Bangkok, the Linea Association announced its formation to oversee development and governance Font Open source technology and ecosystem. The Swiss non-profit organization aims to Decentralization Linea Network – a zkEVM Layer-2 solution designed to scale Ethereum – by launching the LINEA token by the end of Q1 2025, enabling community-based governance.
The association’s mission includes supporting growth Main network line To build a fast, affordable and secure network that can be accessed worldwide. It plans to promote decentralization through new governance mechanisms and the implementation of decentralized chaining and proof. Enabling developers to build decentralized applications with improved user experiences and fostering strong, engaged communities are also key priorities.
said Nicholas Leuchon, founder of Linea and member of the Board of Directors of the Linea Association.
“Decentralization is at the core of Linea’s vision. Linea should be openly owned and operated by everyone as a public good, just as the first layer of Ethereum is.
The management structure will include a board of directors, a general assembly, an executive director and a symbolic governance body. The LINEA token will allow its holders to participate in governance, with details about the token design and utility shared prior to the token creation event. More than 1.3 million verified addresses have joined the network, reflecting Linea’s focus on organic community growth.
Since its main network He releases In August 2023, Linea processed over 230 million transactions, making it one of the fastest growing zkEVMs on Ethereum. The ecosystem has also expanded to include over 420 ecosystem partners. This technology is publicly available under the Apache License, allowing users to view, fork, and modify code.
The association operates independently from Consensys, in line with CEO Joseph Lubin’s vision to progressively decentralize core innovations. Lupine said
“As Consensys moves toward decentralization, Linea represents a key step in our vision to create a network state 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 association plans to further decentralize core protocol development and governance, ensuring social and technical compatibility within the community.
The Swiss association structure allows token holders to control the management of the intellectual property and treasury that supports Linea’s mission. The focus remains on promoting the growth and development of LINEA’s open source technology and the Linea Network.
Linea aims to enable users and businesses to manage valuable data on-chain, including identity and ownership. According to the announcement, the Linea Association seeks to be an important step towards decentralizing the network and promoting collaborative and transparent governance. The initiative aims to empower the global community to shape the future of Linea and contribute to the broader Ethereum ecosystem.
