What you’ll find on Linea
Linea is a zk rollup for scaling Ethereum dApps. This implies you get all the most effective tasks from Ethereum with the velocity and ease of a rollup.
As a result of it’s constructed on Layer 2, on prime of the principle Ethereum blockchain, Linea can ‘roll up’ transactions into bundles and show them off-chain in batches. So it’s far faster than Layer 1, the place transactions are processed individually.
What’s extra, Linea avoids the congestion of the principle Ethereum blockchain and may thereby save customers the fuel charges which may eat into earnings and revenue.
These good points are magnified by means of zero-knowledge validation, a expertise we use on rhino.fi. zk validation methods can show transactions utilizing solely fragments of knowledge, minimising the necessity for validators and preserving person privateness (with zk proofs, you’ll be able to exhibit the validity of a transaction with out revealing the small print of both celebration).
And the entire system inherits the core safety of Ethereum, so that you get velocity, scalability and the safety of the world’s hottest blockchain.
This mix guarantees customers the flexibility to:
Swap tokens, farm yield and entry liquidity for ultra-low charges.Mint, commerce and collateralize NFTs at scale.Full compatibility with present instruments, infrastructure, IDEs and wallets.On-chain verification of all transactions by a decentralized group of over 600k validators.
The venture has been created by ConsenSys, whose CEO, Joe Lubin, was one of many chief architects of Ethereum. Lubin’s crew have already created MetaMask, one of many world’s hottest software program wallets with over 30 million customers, and varied different merchandise together with a devoted NFT platform. Linea is their most bold venture but, and has already secured help from lots of the hottest dApps on L1 Ethereum.
UniSwap, SushiSwap, Celer, Poseidon, LayerZero and Ghost NFT are among the many tasks which have been constructing on Linear these previous few months, so customers can plug right into a wealthy, diversified ecosystem from day 1, offering all the chances they’ll take pleasure in on extra established blockchains.
Tips on how to attain Linea
Bridges are solely open to Linea companions (like rhino.fi proper now), however we’ll be opening our bridge subsequent week to Linea mainnet alpha, extending the expertise we’ve already utilized to completely different chains.
It really works like this:
We set up a liquidity outpost on the chain in query.We allow you to entry this chain utilizing good contracts. The entire course of is managed by person signatures, so you keep full management of your funds always.
This technique means that you can transfer your funds in seconds, and we will apply it to new chains in a matter of days – so we will open our bridges on day 1.
To entry our bridge to Linea, all you could do is click on the Bridges widget on our app.
Our bridge is definitely a two-stage course of: you deposit out of your vacation spot chain and withdraw to your origin chain.
So, merely deposit from the chain you’ve been utilizing after which withdraw to Linea. You’ll be there earlier than it.
