Celo, the blockchain network launched in 2020, has officially moved from a layer-1 chain to an Ethereum layer-2 protocol.
Celo announced a successful move on a March 26 x Poststating that “Celo is officially a protocol of Ethereum Layer 2”. In the thread, the organization claimed the new protocol features one second blocks, sub-cental transaction costs, and USDT of Tether (USDT) and USDC (USDC) as gas.
Even first This transition has been proposed In the summer of 2023, it was completed after the block production on the old layer-1 platform stopped and continued the new network. The new platform is based on the OP technology stack and an optimistic implementation of rollups.
Source: Although
Related: Vitalik Blerin promotes Celo for beating Tron with Stablecoin addresses
The architecture based on optimism
Blockchain rollups are Layer-2 scale solutions designed to bundle many transactions to the main blockchain, reducing congestion and decreasing transaction fees. Optimistic rollups owe their name as they think offchain transactions are valid by default, using only proof fraud during a challenge if the differences are detected in the main chain.
Marek Olszewski, CEO of Celo Developer Clabs, told Cointelegraph that “the transition to an Ethereum L2 improves Celo’s security and scalability.” He added:
“Celo transactions are now anchored to Ethereum, which inherits security tested on economic economic and decentralization. Celo L2 also offers a second time blocks and close confirmations.”
Related: Guide a starting out of understanding the layers of blockchain technology
Seizing effects on the Ethereum network
Irfan Shaik, founder of the Rollup Protocol Interstate, also recognizes the change as positive for the protocol. He showed that Ethereum “has the greatest network effect of any chain,” adding:
“Layers 1 with a fragmentation of liquidity can instead tap into the largest pool of liquidity available, the Eth Layer 1s.”
Olszewski also shared his enthusiasm for moving to the OP tech stack, saying it allowed “deeper composability to Ethereum-native apps and protocols.” The new system is significantly simplified, with 365,000 fewer code lines – a reduction in surface attacks and, according to him, leading to a lighter, cleaner and faster codebase.
He also showed that the upgrade had maintained near the five-year chain history and was conducted in an unreliable way. The token was also transferred to the Ethereum blockchain, pointed out by Olszewski should be supposed to increase its liquidity. He explained:
“This means that Celo has become a fully aligned Ethereum layer 2-by architecture, by ecosystem and by mission.”
Magazine: What are native rollups? Full guide to Ethereum’s latest change
