Here is the logo of the Linea network — a Layer-2 network built on Ethereum, aimed at enhancing the speed and security of transactions and supporting the large ETH economy in an efficient and secure manner.
What is the Linea network and its systems?
1. What is Linea
Linea is a Layer-2 network built using zkEVM (zero-knowledge Ethereum virtual machine) technology, which means it processes transactions off-chain and then validates them on Ethereum using proofs. This helps to speed up transactions and reduce gas costs without compromising the underlying security of Ethereum.
Developed by Consensys, it is fully compatible with the Ethereum network, meaning that contracts and decentralized applications (dApps) can be deployed easily without modification.
2. Unique features
Implicit ETH burning: A portion of transaction fees (e.g., 80%) is burned, supporting supply reduction and enhancing ETH value.
Native yield: The ETH used in Linea can be utilized for rewards through liquidity provision, enhancing sustainable income for participants.
Massive ecosystem fund: Approximately 85% of the LINEA token supply is allocated to incentivize development, funding, and support active contributors to build the ecosystem.
Gradual decentralized governance: Initially managed by a group of trusted builders, with a plan to transition to a more decentralized governance model by 2027.
3. LINEA token and distributions
The LINEA token is an ERC-20 token used as a utility within the network, not a governance token, and it does not represent voting rights.
The token generation event (TGE) was launched on September 10, 2025, and included massive distributions via airdrops to nearly 749,000 wallets, with an amount close to 9.36 billion tokens.
Trading of transactions initially launched on platforms like Binance and KuCoin to determine the fair market price.
4. The recent technical incident
The Linea network experienced a temporary disruption in block production due to an issue with the "sequencer" component responsible for ordering and aggregating transactions. This resulted in a halt of transactions and the platform for approximately 40 to 46 minutes.
The issue was resolved swiftly: the root cause of the malfunction was identified at around 5:52 AM UTC, a fix was deployed within an hour, and then the tech team began a monitoring phase to ensure stability.
The incident coincided with the airdrop launch, and it quickly revived activity, reflecting the speed of response and efficiency of the network's technical team.
Summary in points
Item Details
Identity Layer-2 network on Ethereum using zkEVM (Consensys).
Goals Accelerate transactions, reduce costs, economically support Ethereum.
Features ETH burning, native yields, a massive ecosystem fund, Ethereum compatibility.
Token (LINEA) An ungoverned ERC-20 token, launched through a significant airdrop to the market.
Recent events Temporary halt in block production was swiftly resolved before the airdrop launch.
