30s Summary

Linea, an Ethereum-based project, has announced the creation of the Linea Association, a Swiss non-profit organisation. The association will supervise Linea’s development and governance, aiming to spur its growth and progress its moves towards decentralisation. The Linea Association anticipates operating via tokenholder governance, providing stakeholders with a say in the organisation’s operation. This new governance model is scheduled to begin in early 2025. The Linea Association’s objective is to represent its tech-focused Ethereum community and allow everyone to engage in blockchain activity.

Full Article

Linea, an Ethereum-focused project created by Consensys, has taken another step towards decentralization by setting up the Linea Association. The Swiss non-profit organisation, dedicated to helping Linea grow and govern itself, was announced during the Devcon event in Bangkok.

Linea, being a tech solution that operates on the Ethereum network, plans to use the Linea Association to support its technology, grow its market, and advance its move towards decentralization.

Joseph Lubin, the founder of Consensys and an important figure in the Ethereum community, thinks that creating the Linea Association is a crucial move towards decentralization, where control isn’t held by just one entity.

The Linea Association will be in charge of supervising the development and governance of Linea’s tech and ecosystem. As part of its job, it will also work on growing Linea’s main network.

One of the main ways the Linea Association is going to operate is through tokenholder governance. This means that the people that hold Linea’s tokens will have a say in how the organisation operates. This new governance model is set to start in early 2025.

The Linea team is still ironing out the details of how this token-based governance system will work. Linea is all about working in an open and transparent way, according to product lead Declan Fox. They’ve been focusing on making both their tech systems and governance more decentralized.

Since it was first launched by Consensys, Linea has always been about the goal of decentralization. Nicolas Liochon, who founded Linea, is also a member of the Linea Association’s board. He believes that Linea should be a public resource that is open to all and operates in the same way as the main Ethereum network.

The Linea Association will represent a community of tech-savvy Ethereum enthusiasts, developers and users. Their mission is to enable everyone to live on the blockchain.

At the end of the day, Linea hopes to solve a lot of the problems that other Ethereum-based projects run into when it comes to governance. Any project that is controlled by just a company or small group of people won’t be successful or beneficial to Ethereum, according to Lubin. That’s why Linea is trying to move away from centralized control to an external association that handles governance.