Hassan Maishera
On Wednesday, the Celo Foundation announced via X that it has upgraded Celo's OP-Succinct Lite implementation on mainnet to use SP1 Hypercube from Succinct.
SP1 Hypercube introduces a new proving architecture that reduces proof latency and improves efficiency, further strengthening Celo's zk fault-proof infrastructure.
The upgrade delivers state-of-the-art improvements in proof latency and cost, while further advancing the scalability and performance of OP-Succinct on Celo.
With this upgrade, proof generation time is expected to decrease by more than 75%, enabling faster and more efficient zk proof generation on Celo. Additionally, proof generation costs are expected to decrease by more than 60%, further improving the performance and cost efficiency of Celo’s zk fault proof infrastructure.
Celo is a carbon-negative, permissionless, blockchain with a rich ecosystem of global partners building innovative Web3 dapps to support a more inclusive financial system.
Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo platform), CELO governance asset, and several Mento stable assets (cUSD, cEUR, cREAL) that allow for real-world users to use digital assets.
The open source Celo mainnet launched on Earth Day 2020. The Celo community passed an indicative on-chain governance proposal (temperature check) to have Celo migrate to an Ethereum layer-2. Google Cloud, Deutsche Telekom, Telefonica, and many others run validators on the Celo Platform.
Today, the Platform supports 1,000+ projects in over 150 countries that are building on Celo to help create the conditions of prosperity for all.
CELO is down 4.2% in the last 24 hours and currently trades at $0.07198.
