In the explosion of a series of Layer 1 projects, Linera was born to bring other superior alternative solutions to current inadequacies for users in terms of transaction costs and processing speed. Let's continue reading this article from Market247.io to learn more about the Linera project.

What is Linera?

Linera is a Layer 1 project that was founded with the goal of creating the first low-latency blockchain that can scale as easily as a web2 application: "Web3 infrastructure, Web2 performance" to help meet scalability requirements and provide quick response time to user actions.

Linera is developing the next generation of decentralized protocols on the FastPay platform.

Linera protocol employs cutting-edge proof-of-stake mechanisms, as well as scalable auditing procedures, to ensure full accountability of validators. It aims to confirm the majority of account-based operations in a fraction of a second.

Highlighted Features of Linera

The Linera project will create and promote a new execution model for linear scale. Operations on different user accounts will, by default, run concurrently - that is, in separate threads of execution. In this manner, the execution can be scaled down at any time by adding new processing units to each validator.

In the traditional web2 architecture, such extra processing units, known as "workers" or "shards," are provisioned on demand in data centres or by cloud providers.

Low latency on scale

Linera's goal is to be the first web3 infrastructure that can ensure low latency and inexpensive fees regardless of the magnitude of the operation. With linear scaling, it is always possible to adjust the capacity of the system to meet the transactional requirements of the user.

User accounts in Linera are managed in independent shards, which are contained within each validator. Because of this, it is simple for each validator to divide up into multiple shards if there is a demand for increased capacity.

Increased performance through microchains

A new programming model that is based on microchains is being developed as part of the project. A microchain is a chain of blocks that are specifically designed to manage the actions that take place on a single user account. This is the primary technique that makes it possible for user accounts to operate concurrently and scale automatically. Once a single user has taken ownership of a tiny chain, new blocks can be submitted directly without the need for extensive interaction among validators. This results in a reduction in the amount of time it takes for new blocks to be processed.

Scalable Decentralization

In the past, auditing high-throughput systems that used commodity hardware was difficult since a single auditor could not run all of the transactions. The objective of the project is to ensure that the Linera protocol is decentralized by utilizing a cutting-edge proof-of-stake mechanism in conjunction with scalable audit mechanisms in order to guarantee full validator responsibility.

Linear Scalability

When you use linear scaling, you can increase the capacity of a system by increasing the number of machines in use by the same factor. When constructed in this manner, scaling can be accomplished by adding more processing units to each validator, which removes any theoretical throughput constraints that may exist.

Technology

Linera has not yet disclosed any documents about the technology that was utilized as of the time of this writing. The following information pertaining to the technology was disclosed by the project in a post that was published on Twitter:

The academic low-latency payment system known as "FastPay" that was created by Meta served as inspiration for the Layer 1 project known as Linera. Wasm will serve as the implementation layer for this project's primary focus. The software development kit (SDK) was originally constructed using the Rust programming language. Although the majority of the project's programmers are proficient in Rust, Linera may in the future build its own language.

Linera is based on academic research that was started at Novi at Facebook. This research includes the Zef protocol and the FastPay protocol.

At the Science of Blockchain Conference 2022 (SBC '22), Mathieu Baudet, the founder of Linera, spoke about the Linera protocol as part of an invited presentation. During the talk, it was explained how to generalize the architecture and the communication model of an academic protocol known as FastPay. This protocol was published in 2020 at ACM Advances in Financial Technologies (AFT'20) while Mathieu and his co-authors, Alberto Sonnino and George Danezis, were employed at Facebook / Novi Research.

Tokenomics and Roadmap

Currently, the project has not announced the specific roadmap and token launch information. In the coming time, Market247.io will continuously update the latest information to readers.

Team, Investors and Backers

Who is behind the Linera project? How about the funding of Linera? Let’s learn more by reading this section below.

Founding team

Mathieu Baudet is the founder and CEO of Meta. He is also a researcher and a software engineer, and he was involved in the creation of the Novi project at Meta, in addition to other blockchain systems and protocols like LibraBFT, FastPay, and Zef.

Bernadette Cay, Google's current Chief Operating Officer, was previously involved in the development of products such as Chrome, Google Maps, and AdWords. Contribute to the scaling of the product, infrastructure, and staff at MoPub, a mobile ad exchange that Twitter recently bought.

Janito Vaqueiro Ferreira Filho is a Senior Software Engineer, and he is a member of the Rust development team for the Zebra project being developed by the ZCash Foundation.

Mathieu Dutour is a Software Engineer who has experience in high-performance computing, blockchain technology, database management, and high-frequency transactions. He has a background in mathematics and is the co-author of four books that cover topics in science and technology.

Scientific Advisor Micha Król is also a lecturer at City, University of London, where his research interests include networking, internet measurement, blockchain technology, and distributed system efficiency.

Laure Martin, who serves as Head of Accounting, is an experienced accounting expert who has previously worked for scattered companies engaged in global operations.

Linera Investors

Linera has successfully concluded a seed round of funding totaling $6 million, sponsored by Marc Andreessen's Andreessen Horowitz (a16z). In addition, investors such as Cygni Capital, Kima Ventures, and Tribe Capital took part in the round.

Backers

Conclusion

During the bear market, the development of Linera and other Layer 1 projects promises to bring more efficient, productive, and user-friendly blockchains. It also predicts a fierce Layer 1 war during the next bull market in the cryptocurrency market cycle.

Website: https://linera.io/news

Twitter: https://mobile.twitter.com/linera_io

Common Questions

What is the token of Linera?

The project hasn't revealed any information about its token

How to buy a token from Linera?

Linera hasn’t released a token, you can “skin in the game" to grab a chance to receive an airdrop from the project.

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