CLabs has announced its intention to transition the Celo blockchain from its current independent EVM-compatible Layer 1 blockchain network to a Layer 2 solution within the Ethereum ecosystem.
According to CLabs, this transition will enable Celo developers to leverage the wide range of Ethereum tooling and libraries available to them. The move will simplify the integration of Ethereum tooling and libraries for Celo developers and eliminate the need for extensive monitoring of upgrades.
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After months of research & initial discussions with Celo & Ethereum community members, @cLabs proposed a major upgrade yesterday for Celo to migrate from an EVM-compatible L1 → an Ethereum L2, initially leveraging OP Stack, w/ key differentiators:
— Celo 🦇 🌳 (@CeloOrg) July 16, 2023
The CLabs team noted the implementation of the Layer 2 proposals offers several advantages. These include increased Cross-Community Collaboration, Enhanced Compatibility, Increased Security, and Maintained Low Gas Fees. The team noted that they expect no “material changes in gas fees.”
The key features of the proposed Layer 2 solution include a decentralized sequencer operating with Celo’s established validator set, off-chain data availability powered by EigenLayer and EigenDA, protected by re-staked Ether (ETH), and a design that maintains Celo’s 1-block finality.
CLabs proposed system
The main distinctions between Layer 1 and Layer 2 blockchains lie in their intended purposes, as well as their respective designs and architectures. While Layer 1 networks are constructed to function independently, Layer 2 solutions are specifically designed to optimize the performance of Layer 1 blockchains, rather than functioning as standalone entities.
CLabs has proposed the adoption of OP Stack as the architectural framework for the transition to ensure a seamless experience for end-users while maintaining CELO token holders’ governance authority over core contracts. CELO tokens will continue to be used for paying transaction fees.
According to the proposal, the governance call is scheduled to hold on Friday, July 21 at 8 am PDT / 5 pm CEDT.
Celo stated in a tweet on July 16, 2023 that:
“Following the governance call, an indicative on-chain governance proposal (or “temperature check”) will be released for the community to vote on as early as Saturday, July 22.”
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