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Ethereum open source communication platform Status will work with Linea to launch Layer 2 network Status Network

CointimeCointime2024/08/20 13:04
By:Cointime

According to reports, Status, an open-source communication platform based on Ethereum, is collaborating with Linea, supported by Consensys, to launch a Layer 2 rollup solution. It is understood that Status raised $100 million through its native SNT token ICO in 2017. At the same time, Linea was launched last year and is a zkEVM Layer 2 blockchain supported by blockchain development company Consensys. The two parties are jointly developing a Layer 2 network called Status Network that will run in parallel with Linea's zkEVM chain. Cyprien Grau, a core contributor to Status, said: "By launching Status Network, we envision creating the infrastructure needed to support a thriving, decentralized application and service ecosystem." In addition, Status contributors will interact with Linea's open-source code and actively participate in managing its code repository to maintain a parallel version.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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