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Home»Ethereum»Linea’s Growth Lead resigns due to vision discrepancies

Linea’s Growth Lead resigns due to vision discrepancies

Ethereum By Gavin11/09/2024
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Marco Monaco, Linea’s growth leader has quit his post. His reason for leaving was that his vision did not align with the direction in which the project is heading.

Marco Monaco is the Growth Lead for Linea, a zk-rollup that was developed by ConsensysThe project has been abandoned by. He cites a lack of alignment in his vision as the main reason.

Then, you can also find out more about the following: announcement Monaco revealed via X that he was a terrorist on September 11, a revelation that he made in a message sent to the world. Monaco had played a major role in Linea’s rapid growth. “no longer working on Linea in any capacity,” Explaining that the resignation was due to a decrease in engagement during the last few months, after resigning previously from Consensys.

I resigned from my position as a Linea developer. I resigned @Consensys In mid-June, and left officially the project by mid-July after EthCC.

— Marco Monaco (@marcomonaco83) September 11, 2024

Monaco claims that he was dedicated to his work for the entire two years of his tenure. “nearly 20 hours a day” Linea was instrumental in developing Linea’s business strategy, highlighting his efforts to “build a vibrant ecosystem” Consensys’ tech stack can be leveraged to further the platform. Monaco said that despite all of his successes, he wanted to transform the perception about the network. “just farming” To focus on engagement with the community and organic growth.

Monaco stated that, as Linea goes through a transitional period, discussions about the vision and the review process led him to agree with Consensys’ leadership that he would no longer be involved in the future of the project.

“[…] Consensys leadership and I agreed that the best path forward for Linea does not involve me personally as our visions are not aligned anymore.”

Marco Monaco

But he didn’t elaborate on his specific disagreements with Consensys.

Monaco has left the Linea faced scrutiny Linea was criticized for pausing their entire network for blocking an address linked to a hacker that exploited Velocore’s decentralized exchange (built on Linea) for $7 million. Linea revealed in June it had stopped block production for the hacker to avoid selling an enormous amount of stolen tokens. The move attracted criticism from the wider crypto community.

Linea was able to evaluate the situation during the one-hour pause and work with Velocore and the centralized exchanges in order to secure the funds of the hacker. The decision, however, raised questions about the centralization of the project. Some criticized the inability to shut down the entire network which, at that time, held more than $1.2 billion worth of locked values, according to L2Beat.

Linea has acknowledged its vulnerability in relying on centralized operations. However, it reiterated that they are committed to moving towards a network decentralized and resistant to censorship.


“This article is not financial advice.”

“Always do your own research before making any type of investment.”

“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”

Source: crypto.news

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