{"id":125867,"date":"2025-03-26T16:16:37","date_gmt":"2025-03-26T16:16:37","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125867"},"modified":"2025-03-26T16:16:37","modified_gmt":"2025-03-26T16:16:37","slug":"celo-becomes-ethereum-l2-with-optimism-rollup-implementation","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125867","title":{"rendered":"Celo becomes Ethereum L2 with Optimism rollup implementation"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCelo, the blockchain network launched in 2020, has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol.<br \/>\nCelo announced the successful transition in a March 26 X post, stating that \u201cCelo is officially an Ethereum layer 2\u201d protocol. In the thread, the organization claimed the new protocol features one-second blocks, sub-cent transaction costs, and Tether\u2019s USDt (USDT) and USDC (USDC) as gas.<br \/>\nCelo first\u00a0proposed this transition\u00a0in the summer of 2023, and it is now completed after block production on the old layer-1 platform halted and continued on the new network. The new platform is based on the OP technology stack and an optimistic rollups implementation.<br \/>\nSource: CeloRelated: Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses<br \/>\nOptimism-based architecture<br \/>\nBlockchain rollups are layer-2 scaling solutions designed to bundle multiple transactions off the main blockchain, reducing congestion and lowering transaction fees. Optimistic rollups owe their name to their assumption that offchain transactions are valid by default, only resorting to fraud proofs during a challenge period if discrepancies are detected on the main chain.<br \/>\nMarek Olszewski, CEO of Celo developer cLabs, told Cointelegraph that \u201cmigrating to an Ethereum L2 enhances Celo\u2019s security and scalability.\u201d He added:<br \/>\n\u201cCelo transactions are now anchored to Ethereum, inheriting its battle-tested economic security and decentralization. Celo L2 also offers one-second block times and near-instant confirmations.\u201c<br \/>\nRelated: A beginner\u2019s guide to understanding the layers of blockchain technology<br \/>\nLeveraging Ethereum\u2019s network effects<br \/>\nIrfan Shaik, founder of rollup protocol Interstate, also recognized the change as positive for the protocol. He highlighted that Ethereum \u201chas the greatest network effects of any chain,\u201d adding:<br \/>\n\u201cLayer 1s with liquidity fragmentation can instead tap into the largest pool of liquidity available, the ETH layer 1s.\u201c<br \/>\nOlszewski also shared his enthusiasm over the transition to the OP tech stack, saying it allows for \u201cdeeper composability with Ethereum-native apps and protocols.\u201d The new system is also significantly simplified, with 365,000 fewer lines of code \u2014 decreasing attack surface and, according to him, leading to a lighter, cleaner and faster codebase.<br \/>\nHe also highlighted that the upgrade preserved Celo\u2019s near five-year chain history and was carried out in a trustless manner. The token was also moved to the Ethereum blockchain, which Olszewski pointed out should sensibly increase its liquidity. He explained:<br \/>\n\u201cWhat this means is that Celo becomes a fully-aligned Ethereum layer 2 \u2014 by architecture, by ecosystem and by mission.\u201c<br \/>\nMagazine: What are native rollups? Full guide to Ethereum\u2019s latest innovation<a href=\"https:\/\/cointelegraph.com\/news\/celo-migrates-to-ethereum-layer-2-using-op-stack?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCelo, the blockchain network launched in 2020, has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol. Celo announced the successful transition in a March 26&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125867"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125867"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125867\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125867"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}