7 months ago
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The deployment of the Celo Layer 2 testnet is planned for later in the summer. This will come after another round of community voting.
cLabs, the developer behind the Celo blockchain has proposed building an Ethereum (ETH) Layer 2 (L2) chain using the OP stack. According to the announcement, this initiative marks a significant step towards enhancing scalability and efficiency within the Ethereum ecosystem.
cLabs Proposes L2 to Address Ethereum Community Needs
The proposal aims to leverage the OP stack, which consists of Optimistic Rollups and zkRollups to address some of the key scalability challenges faced by Ethereum. Meanwhile, the decision follows eight months of thorough evaluation and testing of several scaling technologies, including zkSync’s ZK Stack, Polygon CDK, and Arbitrum Orbit.
By adopting the OP stack, cLabs intends to create a Layer 2 chain specifically tailored to the needs of the Ethereum community. This chain will be interoperable with Ethereum, allowing seamless movement of assets and data between the two networks. Furthermore, it will support smart contracts, enabling developers to build Decentralized Applications (dApps) while enjoying the benefits of Layer 2 scalability.
The deployment of the Celo Layer 2 testnet is planned for later in the summer. This will come after another round of community voting. Notably, the migration to the Optimism ecosystem is a step towards incorporating Celo into the Optimism Superchain ecosystem that consists of OP Mainnet, Mode, Base, and Zora, amongst others.
Likewise, the proposed Layer 2 chain is designed to be user-friendly, offering fast transaction finality and low latency, thus enhancing the overall user experience. Also, the upcoming enhancement involves decreasing block time from 5 seconds to 2 seconds and increasing throughput by 50%.
Celo Foundation Build Sustainable Web3 Startups
Recall that last year, the Celo Foundation announced its partnership with Google Cloud services to support projects in Celo’s blockchain ecosystem and push ahead with the early adoption of Google Cloud services.
As part of the collaboration, founders building on Celo will access the credits for Google Cloud and Firebase usage. This helps in enhancing Celo’s mobile-first infrastructure along with dApps. However, the Celo Foundation’s founders will receive mentorship and guidance from the Google Cloud team during the Residence program.
Also, both organizations will co-host events and workshops focused on Web3.0 innovation and sustainability. Celo and Google will alleviate the strain on emerging projects by allowing the ecosystem builders to tackle the largest sustainability challenges of now and the future.
Similarly, Opera, the well-known web services provider announced its intentions to integrate a non-custodial stablecoin wallet built on the Celo blockchain into its mobile web browser. The MiniPay product will provide Opera’s vast user base in Africa with an easy and secure way to access and handle stablecoins.
Celo’s inclusion with Opera’s MiniPay wallet augurs well for Africa’s expanding digital finance sector. With Celo’s sizable African user base, the collaboration will expand MiniPay’s usability by allowing users to access a greater range of decentralized services and applications.
