Celo’s move to Ethereum Layer-2 enhances scalability, reduces block times to 1 second, and introduces native Ethereum bridging while maintaining its hallmark low-cost transactions and rapid settlement times.
By aligning with Ethereum’s security and vast developer ecosystem, Celo aims to facilitate seamless asset and data flow between networks.
Celo, which was formerly a Layer 1 blockchain network has now transitioned to officially become an Ethereum Layer 2 network. The migration began earlier today, as Celo Layer 1 block production was halted and the network shifted to Layer 2 operations.
Core developer CLabs had already proposed this migration back in July 2023, while allowing Cello to leverage Ethereum’s robust security framework, and thus maintaining its hallmark features of low-cost transactions and rapid settlement times.
Additionally, the move aligns Celo more closely to Ethereum, while tapping into the vast developer ecosystem and addressing challenges like scalabilit
