Linea (ETH)

What is the Linea Blockchain?

Here are 5 key points about the Linea Blockchain:

• Linea is designed to handle a high volume of transactions efficiently, making it suitable for large-scale applications and ensuring smooth performance even under heavy loads.

• Linea supports seamless interaction with other blockchains and systems, enabling cross-chain transactions and enhancing the overall flexibility of the network.

• Linea allows developers to create and deploy complex smart contracts, facilitating the development of decentralized applications (dApps) and other innovative solutions.

• The platform features a decentralized governance model that empowers stakeholders to participate in decision-making processes, ensuring that the network evolves in line with the community’s interests.

• There is no native currency on the Linea Blockchain. Ethereum that is bridged to the Linea Blockchain is what the network uses for transaction fees.

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Gem Wallet uses the term Linea Ethereum or simply (ETH) as the main token on the Linea Blockchain.

tip

Learn more about the Linea Blockchain by reading the Gem Wallet Learn article:
What Is The Linea Blockchain?

Linea on Gem Wallet

Gem Wallet has the following features enabled for Linea:

• Buy Linea Ethereum (ETH) with fiat using debit/credit cards.
• Store Linea Ethereum (ETH) and ERC20 tokens securely.
• Send and Receive ETH and ERC20 tokens natively.

What are Linea ERC20 tokens?

• ERC20 tokens are a type of digital assets issued via smart contracts on the Ethereum network.
• Linea supports the transfer and interoperability of ERC20 tokens from the Ethereum network to the Linea Network. Linea itself does not have its own native ERC20 tokens.
• They allows users to access a wide range of ERC20 tokens and decentralized applications (dApps) on Linea while benefiting from its scalability and low transaction fees.

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Learn more about ERC20 tokens from this Gem Wallet Learn article: What Is ERC20 and What You Need to Know About Tokens on the Ethereum Blockchain

How to Get Linea ETH?

Here are some ways to acquire some Linea Ethereum (ETH):

• Buy Linea Ethereum (ETH) directly on the Gem Wallet app.
• Receive Linea ETH with the unique Linea Ethereum address on the Gem Wallet app.

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Send only Linea Ethereum (ETH) to the Linea address.

Transaction Fees on Linea

The fees on Linea are summarized as follows:

• Users conducting transactions on the Linea Network pay fees denominated in Linea Ethereum (ETH).
• Linea blockchain is designed to offer low transaction fees, making it cost-effective for users to conduct transactions and deploy smart contracts.
• The fee structure on Linea is predictable, ensuring that users can anticipate the costs associated with their transactions and manage their budgets effectively.

How to Check Linea Ethereum (ETH) Balance?

Gem Wallet app connects to the Linea Network to show the ETH balance on your wallet. Tap on the 3 dots at the upper right corner, then tap on View address on LineaScan.

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LineaScan is the default Linea ETH explorer of Gem Wallet. You can manually check balances and transactions by going to LineaScan and search for your ETH address.

Why Choose Gem Wallet for Linea?

Here are three reasons why you should use Gem Wallet for your Linea (ETH) tokens:

• Enhanced Security: Gem Wallet employs robust security measures, including advanced encryption and secure key management, to protect your Linea (ETH) tokens from unauthorized access and potential threats.

• Open-Source Transparency: As an open-source wallet, Gem Wallet allows for community review and audits of its code. This transparency ensures that there are no hidden vulnerabilities and builds trust among users.

• Multi-Currency Support: Gem Wallet supports a wide range of cryptocurrencies, including Linea (ETH) tokens. This multi-currency support allows users to manage various assets in one secure and convenient platform.