Clipper Man

November 13, 2024 16: 56 Fujian 1 person

On November 13, Ethereum zkEVM L2 Rollup Linea, developed by Consensys, formed the Linea Association.LineaThe Association is a non-profit organization based in Switzerland that promotes the growth and governance of Linea. The Association was held in Bangkok, Thailand on November 13 at theDevconOfficially announced at the conference.The newly formed association will have three main goals: to support Linea's technology, grow the Linea market, and further advance Linea's decentralized roadmap, said Declan Fox, Linea's head of product.Founder of Consensys and Ethereum ContributorJoseph LubinThe Linea Association is an important step towards a truly decentralized network that avoids excessive control by any governing entity.The Linea Association will oversee the development and governance of Linea's open source technology and ecosystem, and drive the growth of Linea, the zkEVM layer 1 mainnet powered by Consensys, to scale Ethereum while maintaining its security and decentralization features.One of the core features of the Linea Association's operations is token holder governance, which means that Linea tokens will be issued in the first quarter of 2025.According to the plan, the Linea Association will be able to provide governance to token holders, allowing them to participate in certain activities of the association, and the association will be responsible for managing the core Linea intellectual property and treasury to support its mission.(Cointelegraph)

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