#Linea is the native token of the $LINEA network, an Ethereum Layer-2 scaling solution developed by Consensys. The project aims to improve Ethereum's scalability, offering faster and cheaper transactions using zkEVM technology. The LINEA token is used to incentivize ecosystem growth and is not used for gas fees, which are paid in ETH.
Linea is next Ethereum, power or eth block chain.
Key functions and features of LINEA:
Purpose: Linea's main goal is to scale Ethereum by processing transactions off-chain via zk-Rollups, which reduces costs and increases transaction speed.
Developed by Consensys: The project is developed by Consensys, a major blockchain technology company known for products like MetaMask.
Tokenomics: A dual-burn mechanism is implemented, where 20% of net ETH gas fees are burned, and 80% are used to buy and burn LINEA tokens, creating deflationary pressure.
Incentives: The token is primarily used to reward active users, developers, and liquidity providers to foster ecosystem growth, not for governance rights.
No "Power Hub" Role: The concept of a "power hub coin" is not reflected in Linea's established function within the network. Its utility is focused on ecosystem development and economic alignmen@Linea.eth
