Celo Proposes To Transition to an Ethereum Layer-2 Network | CoinMarketCap

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Celo Proposes To Transition to an Ethereum Layer-2 Network | CoinMarketCap
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CryptoNews: The Celo blockchain's developers, CLabs, propose migrating from an independent layer-1 blockchain to an Ethereum layer-2 solution. 💪

, the transfer would improve security, make it easier to share liquidity between Celo and Ethereum, and allow for developers to work together more seamlessly. compatible, Ethereum developers can quickly move their current Dapps over or create new ones utilizing many of the same tools.EigenLayer

and EigenDA, operated by Ethereum node operators, and protected by restaked ETH." As early as July 22, the team intends to publish an indicative on-chain governance proposal for the community to vote on. Vitalik Buterin, the creator of Ethereum, left a technical remark on the Celo forum article and expressed enthusiasm for the idea. Vitalik said:from Dune, Celo has experienced a significant boost in transaction growth over the past several months, but the activity is still far below levels attained in 2021 and 2022.Related Articles

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