Home > Quick > Body

Communication platform Status will launch Layer 2 network Status Network

clock
2024-08-20 12:05:42
Ethereum-based open-source communication platform Status is partnering with Consensys-backed Linea to launch a Layer 2 rollup solution.
Status raised $100 million in 2017 through an ICO of its native SNT token. Meanwhile, Linea, launched last year, is a zkEVM Layer 2 blockchain backed by blockchain development firm Consensys.
Together, they are developing a Layer 2 network called Status Network that will run in parallel with Linea's zkEVM chain. By launching Status Network, we envision creating the infrastructure needed to support a thriving ecosystem of decentralized applications and services, said Cyprien Grau, a core contributor to Status.
In addition, Status contributors will interact with Linea's open-source code and actively participate in the management of its codebase to maintain a parallel release.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.