Linea Association Formed to Drive Decentralization of Linea Network
At Devcon in Bangkok, the Linea Association made a significant announcement regarding the formation of a Swiss non-profit organization that will oversee the development and governance of Linea’s open-source technology and ecosystem. The primary goal of the association is to decentralize the Linea Network, which is a zkEVM Layer-2 solution designed to scale Ethereum. By the end of Q1 2025, the association plans to launch the LINEA token, enabling community-driven governance.
The mission of the Linea Association is to support the growth of Linea Mainnet, with the aim of building a fast, affordable, and secure network that is accessible worldwide. To achieve this, the association will implement new governance mechanisms, decentralized sequencing, and proving. The ultimate objective is to empower developers to create decentralized applications with enhanced user experiences and to foster strong, engaged communities.
Nicolas Liochon, founder of Linea and board member of the Linea Association, emphasized the importance of decentralization in Linea’s vision, stating, “Linea must be owned and governed openly by all as a public good, just as Layer 1 Ethereum is.”
The governance structure of the Linea Association will include a Board of Directors, a General Assembly, an Executive Director, and a token governance body. The LINEA token will enable holders to participate in governance, with more details on token design and utility to be disclosed before the token generation event. The network has seen significant growth, with over 1.3 million verified addresses joining since its inception.
Since its mainnet launch in August 2023, Linea has processed over 230 million transactions, making it one of the fastest-growing zkEVMs on Ethereum. The ecosystem has also expanded to include over 420 ecosystem partners. The technology is available under the Apache license, allowing users to view, fork, and modify the code.
Operating independently of Consensys, the Linea Association is aligned with CEO Joseph Lubin’s vision of progressively decentralizing core innovations. Lubin stated, “As Consensys progresses toward decentralization, Linea represents a foundational step in our vision of creating a Network State for the emerging decentralized global economy.”
The Association has integrated long-term Ethereum contributors like Status, developers of the Nimbus client that secures 10% of Ethereum’s proof-of-stake network. Plans are in place to further decentralize core protocol development and governance, ensuring alignment within the community.
Through its Swiss Association structure, token holders will have governance over managing IP and a treasury that supports Linea’s mission. The focus remains on advancing the growth and development of the open-source LINEA technology and the Linea Network.
Linea’s goal is to empower users and businesses to manage valuable on-chain data, including identity and property. The Linea Association aims to decentralize the network and promote collaborative, transparent governance, allowing the global community to shape the future of Linea and contribute to the broader Ethereum ecosystem.