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

Malaysia News News

Celo Proposes To Transition to an Ethereum Layer-2 Network | CoinMarketCap
Malaysia Latest News,Malaysia Headlines
  • 📰 CoinMarketCap
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinMarketCap /  🏆 290. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A16z-backed cLabs submits plan for Celo to transition into Ethereum Layer 2A16z-backed cLabs submits plan for Celo to transition into Ethereum Layer 2cLabs, the core developer behind the Celo blockchain, has proposed migrating from Layer 1 to Layer 2 solution on Ethereum to improve security guarantees.
Read more »

Celo Proposes to Ditch Own Standalone Blockchain for Layer-2 Network on EthereumCelo Proposes to Ditch Own Standalone Blockchain for Layer-2 Network on EthereumThe development team behind the independent Celo blockchain says benefits could accrue from transitioning to the Ethereum ecosystem, in terms of greater liquidity, improved security and more compatibility LedesmaLyllah reports
Read more »

Ethereum Layer 2 Mantle Network unveils mainnet alpha at EthCCEthereum Layer 2 Mantle Network unveils mainnet alpha at EthCCMantle Network launched its mainnet alpha at EthCC, alongside a $200 million ecosystem fund, following six months of testnet development.
Read more »

Compound's outstanding debt on Ethereum hits $1 billionCompound's outstanding debt on Ethereum hits $1 billionCompound's outstanding debt on Ethereum surpassed $1 billion, according to The Block's data dashboard.
Read more »

Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M mintedAave Protocol launches stablecoin GHO on Ethereum mainnet, $2M mintedDeFi protocol AaveAave has launched its new multi-collateralized stablecoin GHO on the Ethereum mainnet, with more than $2 million worth of GHO being minted in the last 24 hours.
Read more »

Unstoppable Domains adds .eth domains through Ethereum Name ServiceUnstoppable Domains adds .eth domains through Ethereum Name ServiceUnstoppable Domains now offers .eth decentralized domains through an integration with the Ethereum Name Service.
Read more »



Render Time: 2025-02-25 17:23:17