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Ethereum development firm Consensys is set to release a token for its second-layer Linea blockchain. Named LINEA, the token will be given to active contributors and users of the rollup network with an anticipated roll-out in the first quarter. Linea leverages zero-knowledge technology for scaling the Ethereum network. Trump’s re-election to the presidency is seen as favorable to crypto companies as the Biden administration had clamped down on the industry. Alongside the token launch, Consensys has announced the creation of the Linea Association, a non-profit responsible for disbursing the token and maintaining the Linea protocol.

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Consensys, a prevailing Ethereum development firm, is all set to release a token for Linea, its second-layer blockchain network. This plan comes into fruition after the re-election of Donald Trump has dissolved the regulatory “cloud” over blockchain companies in the U.S. The token, named LINEA, will be gifted to active contributors and users of the rollup network, expected to be rolled out at some point in the first quarter.

Linea – a blockchain network developed by Ethereum’s development firm, Consensys, is now on the verge of releasing its own token named “LINEA”. Consensys, known for developing MetaMask (a popular Ethereum wallet), was co-founded by Joe Lubin, one of the co-founders of Ethereum. The Linea network, unveiled last year, exhibits Consensys’ bid to compete with an array of ever-growing layer-2 networks or blockchains aiming to ramp up Ethereum by providing an additional avenue for faster and less expensive transactions.

Reportedly, the LINEA token will be issued as rewards to active users and contributors to the Linea network. However, the precise criteria for distribution and timeline have not been announced yet. Nevertheless, Consensys prudently predicts the release of LINEA token in the first quarter of the subsequent year.

The layer-2 ecosystem of Ethereum has observed rapid progression in the past years. The major Ethereum chain has been outpaced in terms of the overall transaction volume by networks like Arbitrum, Optimism, and Base.

Linea differentiates itself from many initial rollup networks by utilizing zero-knowledge technology – a type of cryptography aimed at becoming the main way for scaling the Ethereum network. Nonetheless, its lack of token has long been viewed as a setback as most other Layer-2 platforms attract users by offering tokens.

Donald Trump’s re-election to the U.S Presidency has come right in time when the LINEA token announcement is to be made. During the Biden administration, Consensys was one of the main U.S.-based blockchain companies that was closely watched during the crackdown on the industry.

MetaMask, which is extensively used among Ethereum users, was feared that it will make Consensys a target for anti-crypto regulators looking to centralize network points. However, the new administration is projected to consider the crypto industry favorably. A number of teams at Ethereum’s Devcon conference in Bangkok – where Consensys revealed its plans for LINEA, are hopeful about Trump’s administration fostering a token-friendly environment.

Linea’s journey towards a decentralized ecosystem goes hand in hand with the release of LINEA tokens. Similar measures were also implemented by Consensys a few months back when they decentralized the core components of its widely-used Infura data platform.

In addition, the Linea Association formation has been announced by Consensys. This non-profit association will be responsible for disbursing the token and retaining the development of the Linea protocol.

Tokens supplementing layer-2 networks have indeed not been durable, with most tokens linked to Linea’s competitors deteriorating sharply below their initial price levels since their public debut. But Lubin, the co-founder of Consensys, is hopeful that Linea will outperform similar Layer-2 tokens. This optimism stems from Linea’s user-attestation system which is designed to filter out individual humans and prevent a single entity from spoofing the network across multiple accounts and accruing tokens. This is intended to protect the network from “sybil” attacks.