Celo has transitioned from Layer-1 to Ethereum Layer-2, enhancing security and interoperability with the network.
Why Celo Chose Ethereum and Shifted to Layer-2
Celo completed the transition to Ethereum Layer-2 using EigenDA for data storage and OP Stack to ensure data accessibility. This improved security and interoperability with Ethereum, while maintaining low fees and fast processing times.
What It Means For Users And Builders
Switching to Ethereum infrastructure strengthens network security. Blocks are now created in one second, accelerating transactions. The low transaction fee of $0.0005 remains intact, while bridging to Ethereum facilitates development. Marek Olszewski noted that the move combines the best of both networks.
Why the Shift to Ethereum Layer-2 Matters Now
The transition occurs amid discussions about the need for Layer-2 solutions. Recently, the necessity of building AI projects on Layer-1 or Layer-2 was debated. Layer-2's popularity is rising, reducing Ethereum's fee revenue. Vitalik Buterin supported Celo, highlighting its contribution to the crypto world.
Celo’s move to Ethereum Layer-2 enhances user and developer interaction and security, opening new possibilities within the blockchain ecosystem.
