Celo’s main developer, cLabs, has revealed that they will use Optimism’s OP Stack for their upcoming Ethereum Layer 2 project. This decision comes after an exhaustive eight-month evaluation process where several scaling solutions were put through rigorous testing.
Celo Transition to Layer 2
Celo’s decision to employ the OP Stack, which is now being adopted by cLabs, signifies a shift towards making the Celo network an interconnected part of the Ethereum Layer 2 chain instead of a solitary Layer 1 blockchain. This strategic action aims to leverage the extensive Ethereum ecosystem, ultimately enhancing Celo’s functionalities and performance.
Eight months ago, an initial plan was presented, which underwent extensive examination before being formally approved. This process involved evaluating alternative technologies like Arbitrum Orbit, zkSync’s ZK Rollups, and Polygon CDK.
Approximately four years ago, on Earth Day, the company Celo introduced their eco-friendly, mobile-focused blockchain on the Ethereum main network.
Today, we’re excited to share @cLabs’ proposal to migrate to an L2, building on the OP Stack!
— Optimism (@Optimism) April 22, 2024
The transformation involves more than just technological adjustments; it requires active participation from the community as well. The shift towards the OP Stack is open for community approval through a series of votes, empowering CELO token owners to shape the future direction of the blockchain. This democratic method underscores cLabs’ commitment to fostering a community-driven development approach.
Technical Enhancements and Community Engagement
The improvements in technology brought about by the adoption of the OP Stack are truly impressive. To enhance network efficiency, clabs plans to reduce the permitted block time from five to two seconds, and boost throughput by half.
These adjustments should lead to a substantial enhancement in transaction processing and capacity, making the network more enticing for both creators and participants.
An essential aspect of moving Celo to Layer 2 involves active community engagement. The development team has organized numerous community meetings to discuss the transition plan, encourage open dialogue, and gather valuable input from the community. This approach not only enhances the technical aspects of the migration but also ensures that community opinions play a significant role in crucial decision-making processes.
Broader Impact on the Blockchain Ecosystem
Celo’s perspective on the adoption of the OP Stack by developers carries significant implications for the entire blockchain community. The Optimism technology, most notably its implementation of optimistic rollups, offers a flexible and economical approach to processing transactions off the main Ethereum network. This results in reduced costs and enhanced functionality for users.
The use of this technology is evident in initiatives such as Coinbase Base and Worldchain of Worldcoin, implying a growing trend toward the implementation of optimistic rollups as Layer 2 alternatives.
The addition of Celo to Optimism’s OP Stack is expected to boost interoperability and collaboration among various blockchain initiatives. This may result in expanded features and stronger growth within the ecosystem, bringing advantages to numerous parties including developers and users.
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2024-04-22 17:46