LINEA NETWORK—Testnet by ConsenSys zkEVM

4 min readApr 15, 2023

This is the moment you have all been waiting for — the ConsenSys zkEVM public testnet has been launched and it has a shiny new name: Linea.

About Consensys

Consensys is a software development and services company for the Ethereum blockchain. Founded in 2014 by Joseph Lubin, one of the co-founders of Ethereum, Consensys aims to build a decentralized infrastructure for Web 3.0, using blockchain technology to create decentralized applications and smart contracts.

The Consensys Blockchain project aims to provide end-to-end solutions for companies and organizations looking to leverage Ethereum blockchain technology. This includes the creation and implementation of customized smart contracts, training and education, the design of interoperability solutions, and the provision of blockchain strategy consulting services.

In summary, Consensys Blockchain seeks to promote the adoption of blockchain technology among businesses and organizations by providing practical and customized solutions to meet their specific needs.”

link to official website Consensys: https://consensys.net/

What is the link between ConsenSys and Linea?

There is indeed a link between ConsenSys and Linea, an energy trading company based in London. In 2020, ConsenSys acquired a majority stake in Linea as part of a broader strategy to expand the use of blockchain technology in the energy sector.

Blockchain technology can be used to create decentralized energy markets, where renewable energy producers and consumers can exchange energy in a transparent and secure manner without the need for costly intermediaries. Linea is working on blockchain solutions for the energy industry, including a blockchain-based energy market that uses smart contracts to execute transactions between producers and consumers.

By acquiring a majority stake in Linea, ConsenSys has strengthened its position in the blockchain energy sector and expanded its range of blockchain solutions for the energy industry.

Linea

Linea is a type 2 zero knowledge Ethereum Virtual Machine (zkEVM). A zkEVM replicates the Ethereum environment as a rollup and allows developers to build on it as they would on Ethereum mainnet. Linea allows you to deploy any smart contract, use any tool, and develop as if you’re building on Ethereum. For users, this enables the experience and security guarantees of Ethereum, but with lower transaction costs.