Celo, the blockchain community launched in 2020, has formally transitioned from a layer-1 chain to an Ethereum layer-2 protocol.
Celo introduced the profitable transition in a March 26 X post, stating that “Celo is formally an Ethereum layer 2” protocol. Within the thread, the group claimed the brand new protocol options one-second blocks, sub-cent transaction prices, and Tether’s USDt (USDT) and USDC (USDC) as gasoline.
Celo first proposed this transition in the summertime of 2023, and it’s now accomplished after block manufacturing on the outdated layer-1 platform halted and continued on the brand new community. The brand new platform relies on the OP know-how stack and an optimistic rollups implementation.
Supply: Celo
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Optimism-based structure
Blockchain rollups are layer-2 scaling options designed to bundle a number of transactions off the primary blockchain, decreasing congestion and decreasing transaction charges. Optimistic rollups owe their title to their assumption that offchain transactions are legitimate by default, solely resorting to fraud proofs throughout a problem interval if discrepancies are detected on the primary chain.
Marek Olszewski, CEO of Celo developer cLabs, advised Cointelegraph that “migrating to an Ethereum L2 enhances Celo’s safety and scalability.” He added:
“Celo transactions are actually anchored to Ethereum, inheriting its battle-tested financial safety and decentralization. Celo L2 additionally provides one-second block instances and near-instant confirmations.“
Associated: A beginner’s guide to understanding the layers of blockchain technology
Leveraging Ethereum’s community results
Irfan Shaik, founding father of rollup protocol Interstate, additionally acknowledged the change as constructive for the protocol. He highlighted that Ethereum “has the best community results of any chain,” including:
“Layer 1s with liquidity fragmentation can as an alternative faucet into the biggest pool of liquidity out there, the ETH layer 1s.“
Olszewski additionally shared his enthusiasm over the transition to the OP tech stack, saying it permits for “deeper composability with Ethereum-native apps and protocols.” The brand new system can also be considerably simplified, with 365,000 fewer traces of code — reducing assault floor and, in accordance with him, resulting in a lighter, cleaner and sooner codebase.
He additionally highlighted that the improve preserved Celo’s close to five-year chain historical past and was carried out in a trustless method. The token was additionally moved to the Ethereum blockchain, which Olszewski identified ought to sensibly enhance its liquidity. He defined:
“What this implies is that Celo becomes a fully-aligned Ethereum layer 2 — by structure, by ecosystem and by mission.“
Journal: What are native rollups? Full guide to Ethereum’s latest innovation
