At Devcon in Bangkok, the Linea Association announced its creation to oversee the development and governance of Linea’s open source technology and ecosystem. The Swiss non-profit organization aims to decentralize the Linea Network, the zkEVM Layer-2 solution designed to scale Ethereum, by launching the LINEA token by the end of the first quarter of 2025, enabling community governance.
The association’s mission includes supporting the growth of Linea Mainnet in order to build a fast, affordable and secure network accessible worldwide. It plans to advance decentralization through new governance mechanisms and implement decentralized sequencing and proofing. Empowering developers to build decentralized applications with enhanced user experiences and fostering strong, engaged communities are also key priorities.
Nicolas Liochon, founder of Linea and member of the board of directors of the Linea association, declared.
“Decentralization is at the heart of Linea’s vision. Linea should be owned and governed openly by all as a public good, just like Ethereum Layer 1 is.
The governance structure will include a board of directors, a general assembly, an executive director and a symbolic governance body. The LINEA token will allow holders to participate in governance, with details on the design and utility of the token being shared ahead of the token generation event. More than 1.3 million verified addresses have joined the network, reflecting Linea’s focus on organic community growth.
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 over 420 ecosystem partners. The technology is publicly available under the Apache License, allowing users to view, create and modify the code.
The association operates independently of Consensys, aligning with CEO Joseph Lubin’s vision to gradually decentralize core innovations. Lubin said:
“As Consensys moves toward decentralization, Linea represents a fundamental step in our vision of creating a networked state for the emerging global decentralized economy.”
Linea has onboarded long-time Ethereum contributors like Status, developers of the Nimbus client that secures 10% of Ethereum’s proof-of-stake network. The Association plans to further decentralize the development and governance of core protocols, ensuring social and technical alignment within the community.
The structure of the Swiss Association allows token holders to have governance over intellectual property management and treasury supporting Linea’s mission. The focus remains on the continued growth and development of LINEA open source technology and the Linea network.
Linea aims to enable users and businesses to manage valuable on-chain data, including identity and ownership. According to the announcement, the Linea association seeks to constitute an important step towards the decentralization of the network and to promote collaborative and transparent governance. The initiative aims to empower the global community to shape the future of Linea and contribute to the broader Ethereum ecosystem.
