Communication platform Status will launch Layer 2 network Status Network
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.