ConsenSys To Launch Linea, Its ZK-Rollup Network, On Main Ethereum Network
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MetaMask developer ConsenSys plans to deploy its layer-2 network, Linea, on the main Ethereum network this week. Linea incorporates the use of zero-knowledge (ZK) cryptography, which is regarded as one of the most significant blockchain trends of the year. Zero-knowledge (ZK) cryptography, provides more cost-effective and expedited blockchain transactions. This layer-2 network aims to improve scalability and transaction processing on Ethereum, addressing network congestion and high gas fees. According to ConsenSys, the fee rates for transactions on Linea will be 15 times lower than those on Ethereum main network. The roll-up network implemented by Linea is commonly referred to as
Ethereum Name Service (ENS), one of the most established solutions for digital identity on blockchain, is preparing for a major update. ENS Labs, the organization behind ENS, has announced the intention to launch a dedicated Layer-2 network called “Namechain”, based on zero-knowledge rollup (zk-rollups) technology. This update, expected by the…
Base, among the main Layer 2s of Ethereum, has decided to implement ZK Proofs to enhance its infrastructure in terms of security. In fact, just today Succinct Labs confirmed that its zero-knowledge virtual machine SP1 has been integrated by the Base blockchain, better known as the Ethereum Layer 2 created…
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