Key Takeaways:
Celo is being changed over from an independent blockchain to an Ethereum Layer 2 solution for better scalability, lower fees, and enhanced security.
All core contributors have onboarded with Coinbase Cloud as an Infrastructure provider & a contributor to a crypto ecosystem.
By migrating, we will improve interoperability so that developers can use Ethereum’s liquidity and security, within Celo’s mobile-first, user friendly ecosystem.
This step which is part of the general trend of migrating blockchain networks to Ethereum’s Layer 2 and bolsters Ethereum’s position as the primary platform for Web3 applications.
The Celo Community Takes a Big Bet on Ethereum Layer 2
Celo, a blockchain initially built for mobile-first payments and decentralized applications (dApps), is undergoing a transformative migration to an Ethereum Layer 2 solution. This move is anticipated to increase network efficiency, reduce trans ..
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