Layer1 Blockchain Linera, Founded by Former Meta Employees, Publishes White Paper

The Layer1 blockchain Linera created by former Meta employees released a white paper, introducing the idea of operating multiple blockchains (possibly up to millions) in parallel in the same set of validators, that is, "microchains". In Linera, scalability is gained by adding blockchains, not by increasing the block size or increasing the rate. Linera encourages users to operate their own microchains. When a microchain is operated by a single user, Linera uses a simplified mempool-less consensus protocol inspired by reliable broadcasting. Foresight News noted that Linera founder and CEO Mathieu Baudet is a former Meta employee and helped create the Libra blockchain. The Linera blockchain has properties such as low latency and linear scalability, and consists of shards or a single thread, adding additional validators to improve network efficiency, enabling most account-based operations to be performed in fractions of a second confirm.