• Celo Blockchain has announced that it is transitioning from Layer-1 to Ethereum Layer-2 blockchain.
• This move will benefit developers by allowing them to use Ethereum tooling and libraries.
• The transition will also reduce gas fees and improve compatibility with the Ethereum ecosystem.
Celo Blockchain Set To Join Ethereum Ecosystem
Celo Blockchain has announced that it is transitioning from Layer-1 to the Ethereum Layer-2 blockchain, in a bid to become an integral part of the Ethereum ecosystem. According to the report, this move would make it “easy for Celo developers to utilize the full gambit of Ethereum tooling/libraries” while reducing gas fees and improving compatibility.
Advantages Of Transition To L2
Migrating from an EVM-compatible L1 to an Ethereum L2 is seen as a technical upgrade that does not impact the Celo ecosystem’s mission according to a proposal on Celo’s governance forum. It can also bring real-world use cases to the Ethereum ecosystem, while substantially enhancing its scope and impact. Additionally, this transition would leverage OP Stack as its architecture in order removetooling monitoringas well as library composability via upgrades.
Differences Between Layer 1 & 2 Blockchains
Layer-1 blockchains are designed operate independently whereas layer-2 blockchains are designed for enhancing performances of layer-1 blockchains. Another important difference is data availability which is operated by node operators on layer 2 and protected by restaked Ether, transforming validators into decentralized sequencers for Layer 2 security purposes.
Aligning Technology With Ethereum
Researchers have observed that aligning technology closely with Ethereum would be a viable path due to Celo’s technology owing much of its success so far to this platform. Therefore, returning backtoEthereumseems like one of the most appropriate decisions at this point in time if they are lookingto continue making progress with their project goals and objectives within their mission statement .
Conclusion
In conclusion, returning backtoEthereumseems like one of the best solutions for achieving their mission statement in terms of making progress towards their project goals and objectives within their mission statement . This move will allow developers easy access more powerful tools and libraries while reducing gas fees simultaneously improving compatibility with different platforms within the same system.