We report a computer-simulation study of the free-energy barrier for the nucleation of pores in the bilayer membrane under constant stretching lateral pressure. We find that incipient pores are hydrophobic but as the lateral size of the pore nucleus becomes comparable with the molecular length, the pore becomes hydrophilic. In agreement with previous investigations, we find that the dynamical process of growth and closure of hydrophilic pores is controlled by the competition between the surface tension of the membrane and the line tension associated with the rim of the pore. We estimate the line tension of a hydrophilic pore from the shape of the computed free-energy barriers. The line tension thus computed is in a good agreement with available experimental data. We also estimate the line tension of hydrophobic pores at both macroscopic and microscopic levels. The comparison of line tensions at these two different levels indicates that the "microscopic" line tension should be carefully distinguished from the "macroscopic" effiective line tension used in the theoretical analysis of pore nucleation. The overall shape of the free-energy barrier for pore nucleation shows no indication for the existence of a metastable intermediate during pore The formation of pores in bilayer membranes plays a role in many biological and biomimetic systems. [1][2][3] The simplest model for pore formation in membranes is based on classical nucleation theory ͑CNT͒. 4 In this picture, the formation of pores in membranes is an activated process that is controlled by the competition between the surface tension of the membrane and the line tension associated with the rim of the pore. Based on this model, several theoretical investigations have been carried out to analyze the structural and dynamical properties of pores in membranes. [5][6][7][8][9][10] In order to observe pore formation in realistic models for phospholipid bilayers 11 on the time scale of a simulation ͑nanoseconds͒, very large stresses ͑or very large electric fields͒ are required. Coarse-grained simulations offer the possibility to perform a systematic study of the size and shape distribution of pores that appear spontaneously in a membrane at thermal equilibrium. 12 Using such studies, it is possible to estimate the line tension associated with the rim of the pore, 13 and the free-energy profile of pore formation in a membrane at constant surface area. 14 In parallel, there has been much progress in the development of experimental techniques to probe the dynamical features of pore formation in membranes. 15,16 In spite of these efforts, our knowledge about the early stages of pore nucleation is still limited. Yet, experiments by Evans et al. 16 suggest that, precisely in this regime, something interesting happens. In Ref. 16, the rupture rate of spherical vesicles is probed as a function of the rate at which the tension is increased. These experiments suggest that pore nucleation is a two-stage process: presumably, in the early stages a molecular-size metastable defect f...