Difference between revisions of "Linea"

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(Created page with "L2 Zk-Rollup developed by Consensys == Basics == * Based in: * Started in / Announced on: * Testnet release: * whitelisted testnet launched on 12-1-2023. It got named Linea and testnet went public (4-2023). * Mainnet release: 15-8-2023 == History == == Audits & Exploits == * Bug bounty program can be found [insert here]. === Bugs/Exploits === == Governance == === Admin Keys === === DAO === === Notable Governance Votes === === Treas...")
 
 
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== Audits & Exploits ==
== Audits & Exploits ==


* [[Bug bounty]] program can be found [insert here].
* [[Bug bounty]] program can be found [https://immunefi.com/bounty/linea/ here]. With a $100k bounty.
*From the Linea [https://docs.linea.build/risk-disclosures docs] (20-7-2023):
''"Linea's implementation has undergone careful construction, with continuous internal and external audits from leading web3 security companies, including [[Consensys|Consensys Diligence]], as well as reviews and testing in alignment with engineering best practices."''


=== Bugs/Exploits ===
=== Bugs/Exploits ===
Linea [[sequencer]] temporarily [https://linea.statuspage.io paused] as Linea investigates an [https://velocorexyz.medium.com/velocore-incident-post-mortem-6197020ec3e9 exploit] of Velocore, valued 700 [[Ethereum (ETH)|ETH]] (2-6-2024).


== Governance ==
== Governance ==


=== Admin Keys ===
=== Admin Keys ===
* From the Linea [https://docs.linea.build/risk-disclosures docs] (20-7-2023):
''"The [[Mainnet]] Alpha will integrate some [[centralized]] components like the [[Sequencer]], Prover and Security Council, maintained by the Linea team to help bootstrap the network. The Sequencer possesses the capability to postpone [[Transaction (Tx)|transaction]] inclusion and rearrange transactions.''
''Additionally, the validity proofs used to verify the computation of Linea batches do not prove 100% of [[Ethereum Virtual Machine (EVM)|EVM]] opcodes and precompiles. This means that the proof does not have full completeness and a level of trust is placed on the Linea operator to not maliciously alter the state of the system.''
''The Council, consisting of eight members, holds the authority to pause the rollup and upgrade the Linea Mainnet Alpha immediately without submitting a validity proof, given the threshold of 75% signatories, in order to respond to urgent security problems. If council members were to act with malice or collude, it could compromise system integrity, potentially leading to network upgrades that may result in the loss of crypto-assets.''
''During the initial launch of the Mainnet Beta, users won't be able to force transactions on [[Layer One|Layer 1]] and withdrawal limits are placed on the [[bridge]] to minimize the impact of any potential malicious actors."''


=== DAO ===
=== DAO ===
* [https://docs.linea.build/decentralization-roadmap Plans] to decentralize operators and governance in Phase 3 (31-7-2023).


=== Notable Governance Votes ===
=== Notable Governance Votes ===
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* [[Whitepaper]] or docs can be found [insert here].
* [[Whitepaper]] or docs can be found [insert here].
* Code can be viewed [insert here].
* Code can be viewed [insert here].
* [[Consensus]] mechanism:
*From their [https://docs.linea.build/architecture/sequencer docs] (20-7-2023): ''"Linea’s execution [[client]] is zkGeth, a version of [[geth]] that has been modified to work with [[Zero-Knowledge Proofs|zk]]-proving technology. However, Linea is building zkBesu: leveraging the full power of the [[Consensys]] stack by using a custom-built, modified version of the Besu client."''
* [[Consensus]] mechanism:  
* Algorithm: [[Rollups|rollup]] powered by [[Zero-Knowledge Proofs|zero-knowledge proofs]]
* Algorithm: [[Rollups|rollup]] powered by [[Zero-Knowledge Proofs|zero-knowledge proofs]]
* [[Virtual Machine (VM)|Virtual Machine]]: [[Ethereum Virtual Machine (EVM)|EVM]]-compatible
* [[Virtual Machine (VM)|Virtual Machine]]: [[Ethereum Virtual Machine (EVM)|EVM]]-compatible
Line 62: Line 78:


=== Upgrades ===
=== Upgrades ===
[https://linea.mirror.xyz/XuuNN6YvJ6G0zX_bdyEKtyuGqdNFx2LdsvaFqcvBKh0 Alpha v2]: a significant upgrade that reduces the total cost of publishing data and verifying ZK proofs on Ethereum by up to 90% (16-2-2024).


=== Staking ===
=== Staking ===
Line 72: Line 89:


=== Interoperability ===
=== Interoperability ===
Has [https://twitter.com/LineaBuild/status/1689626550390472704 loads] of [[bridges]] (8-2023), and also its own "[https://docs.linea.build/architecture/canonical-msg-service Canonical Message Service]" straight to [[Layer One|L1]].


=== Other Details ===
=== Other Details ===


== Oracle Method ==
== Oracle Method ==
* [[Chainlink (LINK)|Chainlink]] went [https://linea.mirror.xyz/W0t0hORg6vPzfB5CtySrp8KC_q7kmHu2cR3oUuWXRDg live] (30-10-2023).


== Their Other Projects ==
== Their Other Projects ==

Latest revision as of 02:09, 12 June 2024

L2 Zk-Rollup developed by Consensys

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • whitelisted testnet launched on 12-1-2023. It got named Linea and testnet went public (4-2023).
  • Mainnet release: 15-8-2023

History

Audits & Exploits

  • Bug bounty program can be found here. With a $100k bounty.
  • From the Linea docs (20-7-2023):

"Linea's implementation has undergone careful construction, with continuous internal and external audits from leading web3 security companies, including Consensys Diligence, as well as reviews and testing in alignment with engineering best practices."

Bugs/Exploits

Linea sequencer temporarily paused as Linea investigates an exploit of Velocore, valued 700 ETH (2-6-2024).

Governance

Admin Keys

  • From the Linea docs (20-7-2023):

"The Mainnet Alpha will integrate some centralized components like the Sequencer, Prover and Security Council, maintained by the Linea team to help bootstrap the network. The Sequencer possesses the capability to postpone transaction inclusion and rearrange transactions.

Additionally, the validity proofs used to verify the computation of Linea batches do not prove 100% of EVM opcodes and precompiles. This means that the proof does not have full completeness and a level of trust is placed on the Linea operator to not maliciously alter the state of the system.

The Council, consisting of eight members, holds the authority to pause the rollup and upgrade the Linea Mainnet Alpha immediately without submitting a validity proof, given the threshold of 75% signatories, in order to respond to urgent security problems. If council members were to act with malice or collude, it could compromise system integrity, potentially leading to network upgrades that may result in the loss of crypto-assets.

During the initial launch of the Mainnet Beta, users won't be able to force transactions on Layer 1 and withdrawal limits are placed on the bridge to minimize the impact of any potential malicious actors."

DAO

  • Plans to decentralize operators and governance in Phase 3 (31-7-2023).

Notable Governance Votes

Treasury

Token

Launch

Token Allocation

Inflation

Utility

Burns

Other Details

Coin Distribution

Technology

  • Whitepaper or docs can be found [insert here].
  • Code can be viewed [insert here].
  • From their docs (20-7-2023): "Linea’s execution client is zkGeth, a version of geth that has been modified to work with zk-proving technology. However, Linea is building zkBesu: leveraging the full power of the Consensys stack by using a custom-built, modified version of the Besu client."
  • Consensus mechanism:
  • Algorithm: rollup powered by zero-knowledge proofs
  • Virtual Machine: EVM-compatible
  • Development language used:

Transaction Details

How it works

Fees

Upgrades

Alpha v2: a significant upgrade that reduces the total cost of publishing data and verifying ZK proofs on Ethereum by up to 90% (16-2-2024).

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Has loads of bridges (8-2023), and also its own "Canonical Message Service" straight to L1.

Other Details

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Revenue

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].
  • Built by Consensys

Funding

Most articles give it the same amount of funding as Consensys has gotten over the years, Consensys itself has hinted towards wanting to put most of their funds towards building out the Linea ecosystem.

Partners

(:

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