Consensys Launches Linea Association to Promote Decentralization Efforts
Consensys is advancing Linea decentralization by forming a dedicated Association for the protocol. The Layer 2 (L2) zero-knowledge Ethereum Virtual Machine (zkEVM) rollup announced its establishment at the Devcon event in Bangkok, Thailand, on November 13.
Linea Association Aims for True Decentralization
The Linea Association is a Swiss nonprofit focused on promoting L2 growth and governance. Its objectives include supporting Linear technology, developing its market, and enhancing its decentralization roadmap.
The Association will oversee the development and governance of the open-source technology and ecosystem of the protocol. It aims to grow the Linea mainnet, a zkEVM Layer 2 solution designed to scale Ethereum while maintaining security and decentralization.
Joseph Lubin, founder of Consensys, views this initiative as a step toward true network decentralization, potentially reducing control by any single governing entity. Token holder governance will be integral to the Linea Association, with plans to introduce the Linea token by the first quarter of next year.
Token holders will have input on specific decisions regarding the Association's activities. Declan Fox, Linea product lead, stated that details for the community-driven governance based on tokens are still under development.
Decentralization is increasingly important in the crypto sector. Similar efforts are noted in Cardano’s recent Chang Hard Fork upgrade and Ethereum co-founder Vitalik Buterin setting standards for decentralization in L2 scaling solutions.
Consensys Supports a Pro-crypto Government
Consensys' initiative coincides with a positive shift in the U.S. crypto landscape. Recently, Donald Trump won the election against Democratic rival Kamala Harris, positioning himself as a pro-crypto leader, dubbed the “Crypto President.”
This electoral outcome contributed to a rebound in the broader crypto market, with many assets reaching new All-Time Highs (ATH). The crypto community anticipates regulatory changes following ongoing crackdowns. ConsenSys has been impacted by strict regulations from the Securities and Exchange Commission (SEC).
Consequently, Consensys emphasizes the necessity for the next U.S. president to support proactive blockchain regulations. In an open letter to the incoming administration, it outlined three key points for fostering legitimate participation in the Web3 ecosystem, enabling entrepreneurs to operate confidently and contribute to the U.S. economy.