Consensys, a major Ethereum development firm, is preparing to launch its LINEA token for its layer-2 blockchain network, Linea, following Donald Trump's reelection which has eased regulatory concerns for blockchain companies in the U.S. The LINEA token will be distributed as rewards to contributors and users of the network in the first quarter of 2025. Linea aims to compete with other layer-2 networks by utilizing zero-knowledge technology to enhance transaction performance. The introduction of this token marks a significant step towards decentralizing the ecosystem, alongside the establishment of the Linea Association to oversee token distribution and development. Consensys' Joe Lubin noted that while the recent election influenced the industry climate, it wasn't the sole motivator for launching the token. The project includes safeguards against sybil attacks by integrating a user-attestation system, aiming to ensure that only legitimate network participants receive tokens. This move comes after a period of regulatory scrutiny that raised concerns regarding token offerings in the blockchain sector.

Source 🔗