3 days ago
The Celo blockchain's long-awaited program of becoming an Ethereum layer-2 chain has been completed, ending an astir two-year process, the main organizations down the web said Wednesday.
The modulation ends a agelong journey opening back successful July 2023 for the layer-1 blockchain that included a assemblage ballot successful July 2024 and a fierce competition, won by Optimism, among layer-2 networks retired to person the Celo ecosystem to physique with their technology.
The improved web — similar different furniture 2s — offers faster and cheaper transactions connected apical of Ethereum's mainnet. The blockchain is powered by Optimism’s OP Stack, a customizable framework that lets developers physique layer-2 networks based disconnected of Optimism’s technology.
“You know, whenever radical inquire us, we ever urge the OP stack, due to the fact that the squad determination has been truthful adjuvant and truthful supportive,” said Marek Olszewski, the CEO astatine cLabs, the main developer steadfast supporting the Celo blockchain.
A blueprint for different furniture 1s
According to Rene Reisberg, the CEO of the Celo Foundation, the migration is the archetypal of its benignant successful the Ethereum ecosystem, and volition astir apt beryllium utilized arsenic a blueprint for different EVM-compatible blockchains that are looking to go a layer-2 network.
“This way of not conscionable spinning up a caller chain, but really maintaining that history, and having everyone beryllium connected the caller chain, portion it's a batch much work, is large from a Celo perspective. It's becoming this benignant of large lawsuit survey for Ethereum,” Rene Reinsberg, the president astatine the Celo Foundation, said successful an interview.
“Even conscionable based connected outreach I've been getting from different L1 founders that are like, ‘hey, truthful what does it really consciousness similar connected the wrong of going done this transition, and however overmuch enactment is it, and however you're reasoning astir it?’ And truthful it decidedly feels similar there's accrued involvement now,” Reinsberg added.
Despite Ethereum's leaders experiencing backlash from the assemblage due to the fact that of the clunky experience of operating betwixt the plethora of layer-2 blockchains, the lagging terms of ether (ETH) comparative to different cryptocurrencies and the blockchain losing mindshare and caller talent to competitors similar Solana, Reinsberg said different furniture 1s akin to Celo are watching the modulation and besides considering moving into the layer-2 ecosystem.
“As immoderate of these short-term storms travel down and sentiment starts to shift, I deliberation you'll commencement seeing a bid of furniture 1s that volition apt beryllium much nationalist astir that,” Reisberg said. “But we're decidedly already seeing these aboriginal conversations happening.”
Celo’s caller home
According to the team, Celo extremity users won’t announcement overmuch of a quality successful their setups, and volition inactive beryllium capable to entree cardinal features similar SocialConnect, a protocol that connects users' telephone numbers oregon X handles to their Celo wallet addresses to marque payments. Nevertheless, determination are protocol-level changes.
“Validator responsibilities person evolved from operating the statement protocol to temporarily moving assemblage RPC nodes, with validator rewards present distributed via astute declaration execution alternatively than astatine epoch blocks,” the squad said successful a property release. “Additionally, transaction sequencing — antecedently determined by validators moving the statement protocol — volition initially beryllium handled by a centralized sequencer, with a roadmap successful spot for transitioning to decentralized sequencing successful the future.”
Read more: Celo Community Ratifies Plan to Use Optimism's OP Stack for New Layer-2 Chain
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