[Crypto projects](https://revain.org/projects/) › Linea

# Linea (LINEA): how it works, supply and reviews

## In short

- **Type**: zkEVM layer 2 (Ethereum rollup), EVM-equivalent (Type 2 zkEVM)
- **Maximum supply**: Genesis supply of 72,009,990,000 LINEA, which is also the maximum supply; burns reduce it
- **Risks and caveats**: Linea's sequencer and prover are run centrally by the Linea team; the sequencer can delay or reorder transactions.
- **Checked**: 31 October 2026

## Key facts

- **Ticker**: LINEA
- **Official site**: [linea.build](https://linea.build/)

Key facts checked on 31 October 2026 against official sources.

## What is Linea

Linea is a zkEVM layer-2 rollup on Ethereum built by Consensys. Gas is paid in ETH; the LINEA token has no governance rights and is distributed to users and the ecosystem, and surplus network revenue is burned as ETH and LINEA.

## Network and consensus

| Parameter | Details |
|---|---|
| Type | zkEVM layer 2 (Ethereum rollup), EVM-equivalent (Type 2 zkEVM) |
| Proving | Lattice-based zk-SNARKs; validity proofs cover 100% of EVM opcodes and precompiles |
| Chain ID | Linea mainnet chain ID 59144; Sepolia testnet 59141 |
| Sequencer | Sequencer, prover and Security Council are centralised components run by the Linea team during Mainnet Beta; the sequencer can delay and reorder transactions |
| Smart contracts | Contracts compiled for Ethereum mainnet run on Linea without modification |
| Launched | Linea Mainnet has run since July 2023 |

## Supply and issuance

| Parameter | Details |
|---|---|
| Maximum supply | Genesis supply of 72,009,990,000 LINEA, which is also the maximum supply; burns reduce it |
| Initial distribution | 85% to the ecosystem (75% Ecosystem Fund, 10% early contributors), 15% Consensys treasury locked for five years |
| Unlocks | 22% of supply circulated at the token generation event; the 75% Ecosystem Fund unlocks over 10 years |
| Fee burn | After infrastructure costs, 20% of surplus revenue is burned as ETH and 80% is converted to LINEA and burned on Ethereum |
| Insider allocation | No allocation to private investors, insiders or team members apart from the locked Consensys treasury |

## What LINEA is used for

- Distributed to users as rewards for using apps and protocols on Linea
- Bought back and burned with 80% of surplus network revenue
- Not needed for gas (paid in ETH) and carries no governance rights

## Who develops and governs Linea

- **Developer**: Built by Consensys
- **Foundation**: The Linea Consortium, set up in 2025 with people from Consensys, ENS, Eigen Labs, SharpLink and Status, manages the Ecosystem Fund
- **Upgrade keys**: A nine-member Security Council can pause and upgrade Linea Mainnet Beta immediately with 5 signatures
- **Open source**: The rollup stack was contributed to Linux Foundation Decentralized Trust in 2026 as the incubating project Lineth
- **Head**: Declan Fox of Consensys is Head of Linea and a founding member

## History

| Date | Event |
|---|---|
| July 2023 | Linea Mainnet starts operating. |
| 2025 | The Linea Consortium is established and the LINEA token generation event rewards about 750,000 wallets. |
| 11 September 2025 | The dual ETH and LINEA burn starts being tracked. |
| 5 May 2026 | The Linea Stack joins Linux Foundation Decentralized Trust as Lineth. |

## Security and audits

- Linea says it has had external audits by Consensys Diligence, OpenZeppelin and Cyfrin, and runs a bug bounty on Immunefi.
- Linea calls its mainnet a Beta version and warns of possible slowdowns or outages without notice.

## Security incidents

| Date | What happened | Source |
|---|---|---|
| 2 June 2024 | Network halt: After an exploit of the third-party Velocore DEX, Linea halted its sequencer (paused from block 5081800 to 5081801) to stop more stolen funds bridging out; Linea says the network remained secure and only a third-party dapp was affected. | [x.com](https://x.com/LineaBuild/status/1797283448153112591) |

Further incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so they are not listed here.

## Official LINEA contracts

| Network | Contract address |
|---|---|
| Linea and Ethereum | [0x1789e0043623282D5DCc7F213d703C6D8BAfBB04](https://lineascan.build/address/0x1789e0043623282D5DCc7F213d703C6D8BAfBB04) |

The same LINEA token address is used on Linea Mainnet and Ethereum Mainnet; total supply is tracked on Ethereum.

## Risks and caveats

- Linea's sequencer and prover are run centrally by the Linea team; the sequencer can delay or reorder transactions.
- A nine-member Security Council can upgrade the network immediately with 5 signatures; Linea says collusion could lead to loss of funds.
- A level of trust is still placed on the Linea operator not to alter the state of the system maliciously.

## Official links

- Website: [linea.build](https://linea.build/)
- Docs: [docs.linea.build](https://docs.linea.build/)
- Block explorer: [lineascan.build](https://lineascan.build/)
- Blog: [linea.build/blog](https://linea.build/blog)
- Governance forum: [community.linea.build](https://community.linea.build/)
- Source code: [github.com/LFDT-Lineth/lineth-monorepo](https://github.com/LFDT-Lineth/lineth-monorepo)

## Questions and answers

**What is Linea?**

Linea is an EVM-equivalent zkEVM layer-2 rollup on Ethereum, built by Consensys and running since July 2023.

**Who created Linea?**

Consensys builds Linea; the Linea Consortium manages the LINEA Ecosystem Fund.

**What is the maximum supply of LINEA?**

72,009,990,000 LINEA, the genesis supply; burns from surplus network revenue reduce it.

**Do I need LINEA to use Linea?**

No. Gas is paid in ETH, and LINEA carries no governance rights.

**Is Linea decentralised?**

Not yet: Linea says the sequencer, prover and Security Council are centralised components during Mainnet Beta.

## Sources

- [Linea — Home](https://linea.build/)
- [Linea Docs — Documentation index (llms.txt)](https://docs.linea.build/llms.txt)
- [Linea Docs — Tokenomics](https://docs.linea.build/network/overview/tokenomics.md)
- [Linea Docs — Risk disclosures](https://docs.linea.build/network/risk-disclosures.md)
- [Linea Docs — Sequencer](https://docs.linea.build/protocol/architecture/sequencer.md)
- [Linea Docs — Release notes](https://docs.linea.build/changelog/release-notes.md)
- [Linea Blog — Meet the Linea Consortium](https://linea.build/blog/meet-the-linea-consortium)
- [Linea Blog — 2025 launched a new era for Linea and L2s](https://linea.build/blog/2025-launched-a-new-era-for-linea-and-l2s)
- [Linea Blog — Linea Stack joins LF Decentralized Trust as Lineth](https://linea.build/blog/building-a-credible-neutral-infrastructure-linea-stack-joins-linux-foundation-decentralized-trust-as-lineth)

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Page updated: 2026-10-31

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Source: https://revain.org/projects/linea/