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What you will discover on Linea
Linea is a zk rollup for scaling Ethereum dApps. This implies you get all the most effective initiatives from Ethereum with the velocity and ease of a rollup.
As a result of it’s constructed on Layer 2, on prime of the primary 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 primary Ethereum blockchain and may thereby save customers the gasoline charges which might eat into income and revenue.
These positive aspects are magnified by way of zero-knowledge validation, a expertise we use on rhino.fi. zk validation methods can show transactions utilizing solely fragments of data, minimising the necessity for validators and preserving consumer privateness (with zk proofs, you’ll be able to display the validity of a transaction with out revealing the main points 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 neighborhood of over 600k validators.
The mission has been created by ConsenSys, whose CEO, Joe Lubin, was one of many chief architects of Ethereum. Lubin’s group 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 formidable mission 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 initiatives which have been constructing on Linear these previous few months, so customers can plug right into a wealthy, different ecosystem from day 1, offering all the chances they will get pleasure from on extra established blockchains.
Find out 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 consumer signatures, so you keep full management of your funds always.
This method 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 it’s essential to 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 you realize it.
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