Important points from ConsenSys rolls scaling network Linea:
1. Faster throughput: Linea, the scaling network developed by ConsenSys, has achieved significantly faster throughput compared to Ethereum’s layer 1. This means that Linea is capable of processing a higher number of transactions per second, resulting in improved efficiency and reduced congestion on the network.
2. Lower transaction costs: Linea has also demonstrated a remarkable reduction in transaction costs compared to Ethereum’s layer 1. With 15 times lower transaction costs, Linea offers a more cost-effective solution for users, making it an attractive option for businesses and individuals looking to minimize their expenses associated with transactions.
Summary:
ConsenSys’ scaling network Linea has made significant advancements in terms of throughput and transaction costs compared to Ethereum’s layer 1. With faster throughput and 15 times lower transaction costs, Linea provides a more efficient and cost-effective solution for users. This development is expected to enhance the overall scalability and usability of the Ethereum network, making it more accessible and appealing to a wider range of users and applications.