Consensys is Decentralizing Linea, Handing Over Governance to Community

Consensys has unveiled a plan to transfer governance of its Linea network to its community.

This decentralization process begins with the creation of the Switzerland-based Linea Association, which will guide Linea’s shift into a fully community-driven ecosystem. A token generation event (TGE) is slated for Q1 2025.

Linea’s Community-Driven Governance and Phased Transition

Linea’s founder, Nicolas Liochon, explained that Consensys views decentralization as a “multidimensional approach” that goes beyond technical changes.

Linea’s transition includes inviting new teams, like Status, which developed the Nimbus client and secured 10% of Ethereum’s Proof-of-Stake network. Liochon emphasized that updates, proposals, and community feedback will be pivotal as they prepare for the TGE.

“For Linea, this means decentralizing technical aspects, starting with sequencer decentralization, and opening team participation to diverse contributors,” Liochon told BeInCrypto.

Consensys aims for a phased approach to governance decentralization. To support this transition, the newly formed Linea Association will temporarily oversee governance until the network is fully ready to shift control to the community.

While decentralizing Linea’s governance, Consensys also plans to maintain strong links with its flagship platforms, MetaMask and Infura. Joe Lubin, Consensys’ Founder and CEO, stated that Linea’s MetaMask integration will help them onboard new users.

“Our initial use cases include MetaMask Card payments and identity projects through attestation registries like Verax,” Lubin told BeInCrypto.

Consensys’s partnerships, including over 420 collaborating entities, combined with MetaMask integration, aim to support Linea’s framework. The team will also integrate MetaMask features such as Embedded Wallet, Portfolio, Push Notifications, and dApp discovery into Linea’s tools.

In June, a security incident prompted the crypto community to weigh in on Linea’s L2 solution’s perceived readiness to decentralize. Following a security breach on Velocore, a decentralized exchange (DEX) using Linea, $2.6 million was transferred to an undisclosed bridge service. In response, Linea promptly halted its sequencer to contain the breach.

“Linea’s goal is to decentralize our network – including the sequencer. When our network matures to a decentralized, censorship-resistant environment, Linea’s team will no longer have the ability to halt block production and censor addresses – this is a primary goal of our network,” the team responded on X.