Celo’s Shift to Layer-2 Signals Growing Confidence in Ethereum
Ethereum co-founder Vitalik Buterin has called Celo’s upcoming move to an Ethereum Layer-2 solution a positive step. This shift, initiated by cLabs in July 2023, marks Celo’s transition from an independent, EVM-compatible layer-1 blockchain to an integrated Layer-2 within the Ethereum ecosystem.
Celo wants to increase its adaptability and security while keeping its signature speed, low transaction costs, and user-friendliness. With this change, Celo will likely benefit from Ethereum’s robust ecosystem, creating more opportunities for developers.
Improved Connectivity and Security
One of the main technological advantages of Celo’s transition to Layer-2 is the addition of a native link between Celo and Ethereum. Token transfers across blockchains have always depended on external bridges, which can pose securit…
The post Celo’s Shift to Layer-2 Signals Growing Confidence in Ethereum appeared first on Coin Edition.
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Celo’s Shift to Layer-2 Signals Growing Confidence in Ethereum
Ethereum co-founder Vitalik Buterin has called Celo’s upcoming move to an Ethereum Layer-2 solution a positive step. This shift, initiated by cLabs in July 2023, marks Celo’s transition from an independent, EVM-compatible layer-1 blockchain to an integrated Layer-2 within the Ethereum ecosystem.
Celo wants to increase its adaptability and security while keeping its signature speed, low transaction costs, and user-friendliness. With this change, Celo will likely benefit from Ethereum’s robust ecosystem, creating more opportunities for developers.
Improved Connectivity and Security
One of the main technological advantages of Celo’s transition to Layer-2 is the addition of a native link between Celo and Ethereum. Token transfers across blockchains have always depended on external bridges, which can pose securit…
The post Celo’s Shift to Layer-2 Signals Growing Confidence in Ethereum appeared first on Coin Edition.
Read More