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cLabs Proposes Using OP Stack to Launch Ethereum Layer 2 Chain

Twitter icon  •  Published 1 неделю назад  •  Hassan Maishera

Celo developer cLabs announced via X on Monday that it has proposed to migrate Celo to an Ethereum L2 using the OP Stack.

Celo developer cLabs announced via X on Monday that it has proposed to migrate Celo to an Ethereum L2 using the OP Stack. The Celo community approved the migration of Celo from a Layer-1 blockchain to an L2 in July last year.

The team will now develop its Layer 2 on the OP Stack, the primary toolkit for developing chains within the Optimism ecosystem. The decision comes after Celo received several proposals and tested various scaling technologies and software packages, including Arbitrum Orbit, zkSync’s ZK Stack, and Polygon CDK.

Celo is an open platform that supports various distributed applications, smart contract development and payments using e-mail addresses and phone numbers as public keys. CELO is up by 1% in the last 24 hours and is currently trading at $0.8752.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.