Originally published on: November 13, 2024
Consensys, the brains behind the layer-2 (L2) zero-knowledge Ethereum Virtual Machine (zkEVM) rollup, Linea, is breaking new ground in decentralization with the launch of the Linea Association, a Swiss nonprofit organization dedicated to advancing Linea’s growth and governance.
The Linea Association, officially unveiled at the Devcon event in Bangkok, Thailand, on Nov. 13, is committed to supporting Linear technology, developing the Linea market, and furthering Linea’s decentralization roadmap, according to Linea product lead Declan Fox.
Founder of Consensys and Ethereum contributor, Joseph Lubin, sees the Linea Association as a significant milestone towards achieving true decentralization of the network, free from excessive control by any governing entity.
The primary focus of the Linea Association will be to oversee the development and governance of Linea’s open-source technology and ecosystem, expanding the Linea mainnet, a zkEVM layer 1 supported by Consensys, to scale Ethereum while upholding security and decentralization.
A key aspect of the Linea Association’s operations will involve tokenholder governance, marking the launch of the Linea token in the first quarter of 2025. This governance structure will empower tokenholders to have a say in the association’s activities, managing core Linea intellectual property and a treasury to support its mission.
Looking ahead, Linea is crafting a community-driven governance model based on tokens, with a commitment to transparency and openness in its decentralization efforts both technically and from a governance standpoint.
Founded by Consensys in 2023, Linea remains steadfast in its commitment to decentralization, with founder Nicolas Liochon emphasizing the importance of collective ownership and governance for Linea’s future.
The Linea Association is poised to become a hub for Ethereum technologists, builders, and users, with a vision to democratize onchain living, according to Liochon.
Consensys’ Lubin believes the Linea Association is well-positioned to address governance challenges faced by L2 solutions, underscoring the importance of avoiding excessive corporate control and ensuring alignment with the Ethereum platform’s ethos.
In a rapidly evolving blockchain landscape, the Linea Association represents a pioneering force driving the decentralization of Linea technology and fostering a collaborative ecosystem of Ethereum enthusiasts.
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