cLabs Proposes Migration of Celo to Ethereum L2 Protocol

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  • cLabs plans to convey Celo again to the Ethereum community.
  • A monetary firm seeks suggestions on proposed migrations from the Celo neighborhood.
  • Celo leverages the OP stack to grow to be the Ethereum Layer 2 protocol.

Celo, a carbon-negative, permissionless Layer 1 blockchain for constructing progressive Web3 dapps, returns to the Ethereum community. cLabs, the monetary firm behind Celo, launched a proposal on this regard, soliciting suggestions and dialogue on the matter from the Celo neighborhood.

In keeping with the proposal, cLabs plans to convey Celo again to Ethereum by “shifting from an unbiased EVM-compatible Layer 1 blockchain to Ethereum Layer 2.” By shifting to Ethereum, Celo leverages the OP stack to grow to be the Ethereum Layer 2 protocol.

The cLabs staff defined that this transfer introduces a key differentiator. We additionally talked about differentiators reminiscent of a distributed sequencer that leverages Celo’s current set of validators to run Byzantine Fault Tolerance consensus. He additionally talked about that this migration will allow an off-chain information availability layer leveraging EigenLayer and EigenDA. Ethereum node operators function an availability layer protected by re-staked ETH.

In keeping with cLabs, EigenDA will convey its dunk sharding design to Ethereum early, permitting Celo to take care of low charges. This transition additionally introduces a design that preserves Celo’s one-block finality.

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cLabs defined to the Celo neighborhood that the migration course of from EVM-compatible L1 to Ethereum L2 is a technical improve and won’t have an effect on the mission of the Celo ecosystem to create situations for prosperity for all. . He famous that the proposed modifications would enable the Celo ecosystem to proceed fostering an economically inclusive neighborhood and brazenly construct on the spirit of Web3. It additionally helps the introduction of real-world use instances into the Ethereum ecosystem.

cLabs knowledgeable the Celo neighborhood of among the advantages related to the proposed migration. These embody additional Ethereum tweaks and his EVM compatibility that facilitates a seamless developer expertise. It additionally gives stronger safety ensures than Celo affords individually and a trustless bridge to Ethereum that simplifies liquidity sharing between Celo and Ethereum.

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