cLabs, the primary developer behind the Celo blockchain, has revealed its intention to shift its network to an Ethereum Layer 2 solution utilizing the OP Stack.
The choice to embrace the OP Stack, a crucial development tool within the Optimism ecosystem, was made after receiving the community’s approval in a governance vote last July. This decision followed an extensive eight-month evaluation of various scaling solutions, including Arbitrum Orbit, zkSync’s ZK Stack, and Polygon CDK.
OP Labs, a contributor to the Optimism ecosystem, offers the OP Stack to aid developers in crafting customized Layer 2 blockchains.
The migration of Celo to the Optimism ecosystem is aimed at integrating it into the Superchain network, which comprises chains like OP Mainnet and Base, thus enhancing scalability and performance.
The adoption of optimistic rollups within this ecosystem is designed to streamline the processing of Ethereum transactions, tackling scalability concerns by consolidating transactions on a secondary layer.
Exciting improvements for Celo include reducing block times from five seconds to two and boosting throughput by 50%. A testnet for Celo’s Layer 2 is set to launch in the summer of 2024, pending further endorsement from the community.
This move signifies a significant shift for Celo (CELO), which was initially launched as a Layer 1 blockchain compatible with the Ethereum Virtual Machine.
Having secured $30 million in funding from major investors like a16z and Polychain Capital in 2019, followed by an additional $20 million in 2021, the network supports a diverse array of applications. These range from established Ethereum dApps like Uniswap and Sushiswap to Celo-native projects such as Valora and UbeSwap.
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