Linea Network Review: A New Way to Scale the Ethereum Network

in LeoFinance11 months ago

cHJpdmF0ZS9sci9pbWFnZXMvd2Vic2l0ZS8yMDIzLTEyL3Jhd3BpeGVsX29mZmljZV80Ml8zZF9yb2JvdF9oYW5kX2hvbGRpbmdfYV93aGl0ZV9zaWduXzNkX3JlbmRlcl9iZjIyZGE4OC02MjFkLTQzNTktYTQ0ZC02NzhjODI4MTRkZTkucG5n.jpeg

Ethereum is the most popular platform for smart contracts and decentralized applications (dapps), but it also has its limitations. One of them is scalability, that is, the ability to process a large number of transactions per second (TPS) with low costs and high security. Currently, Ethereum can process around 15 TPS, which is insufficient for the growing demand and competition in the market.

To solve this problem, many have developed different solutions for scaling the Ethereum network, which can be divided into two categories: layer 1 and layer 2. Layer 1 solutions are those that change the very architecture of the Ethereum network, such as Ethereum 2.0, (PoS ) consensus mechanism and sharding. Layer 2 solutions are those that are built on top of the existing Ethereum network, such as plasma, state channels, optimistic rollups and zk rollups.

In this blog post, we will focus on one of the newest and most innovative layer 2 solutions for scaling the Ethereum network, which is called the Linea Network. Linea Network is a zkEVM network, which means it uses zero-knowledge proofs (ZKP) to verify transactions on the Ethereum Virtual Machine (EVM). CPCs are cryptographic techniques that make it possible to prove that a statement is true, without revealing any additional information. For example, you can prove that you are over 18 without revealing your exact date of birth.

Linea Network is one of the first networks to implement zkEVM, which gives it several advantages over other layer 2 solutions. Some of them are:

  • Compatibility. Linea Network is fully Ethereum compatible, meaning it supports all Ethereum smart contracts and dapps, without the need for any code changes. This makes migration and integration easier for developers and users.

  • Performance. Linea Network can achieve up to 3000 TPS on a single network, with an average transaction confirmation time of 10 seconds. It is significantly faster and cheaper than the Ethereum network, which has an average confirmation time of 15 minutes and high gas costs. ...

Continue Reading

https://mirror.xyz/0x439b065641e8D78867Fe3506da05993Fc97F5cbD

Sort:  

I am farming the Linea airdrop at the moment, it looks promising and it takes like 10 minutes of my day so it's looking bullish.

I don't like rollups that much tbh, they cram the main chain too much, but it is what it is and that's the direction the space is taking.

Are you involved with the project in any way?

I am because I often post content on https://mirror.xyz/0x439b065641e8D78867Fe3506da05993Fc97F5cbD via Linea Network and it is also free without a fee and you also have the opportunity to participate in the purchase of the offered content via the Mint function, at least a fee may be charged to Linea Network and unofficially I believe that the transactions made may make and some advantages.

Oh I wasn't aware of this, I will definitely give this a shot!

Do you have a referral link I can use so that me joining helps you?

By the way, since you are looking to maximize your rewards, have you tried posting using the frontend inleo.io? It's a hive frontend, so anything you publish in there gets posted to the hive blockchain just like you do with hive.blog

The upside is that you also earn $leo tokens on top of your normal $hive rewards, and every post made from inleo generates advertisement revenue, so your posts can also generate some $ for you after the normal 7 day window we have on hive content

I don't have a referral link, but thank you for your intention. I just posted in in leo yesterday. It is currently one of my favorites based on the information I have heard over the past period. You do great marketing