0
0
cLabs Selects Optimism for Transition to Layer 2
In a recent announcement, cLabs revealed their decision to partner with Optimism for the transition to Layer 2. This strategic collaboration between cLabs and Optimism signifies a significant milestone in the realm of blockchain technology.
Optimism’s Latest Development
Optimism took to Twitter to share the news, stating that Celo would migrate to Layer 2 to leverage the capabilities of the OP Stack. By embracing the OP Stack, Celo L2 aims to achieve several key objectives:
- Decrease block time with enhanced throughput.
- Maintain 1-block finality for efficient operations.
- Advance towards the Ultragreen Money initiative.
- Retain ERC-20 tokens for gas currency usage.
- Preserve core features enabling easy money transfers via email, phone numbers, etc.
Celo’s Transition to Ethereum Layer 2
Meanwhile, Celo communicated through its official channels about the transition to Ethereum Layer 2 in collaboration with Optimism to commemorate four years of Celo Mainnet. The network’s journey began with the launch of the Celo mainnet on Earth Day in 2020.
Following a community voting process, the unanimous decision favored the migration to Ethereum Layer 2 with Optimism over other alternatives like Arbitrum Orbit, OP Stack, ZK Stack, and Polygon CDK.
To prepare for the transition, developers introduced the Gingerbread Hardfork, taking into account various factors such as time constraints, production considerations, and alignment with Ethereum’s ecosystem.
Ultimately, the adoption of OP Stack was deemed the most suitable approach, offering a seamless pathway to deploying Layer 2 solutions without compromising the requirements of the Celo community. Extensive testing has been conducted to ensure compatibility and production readiness of the network.
Technical Benefits of the Collaboration
Alongside the operational advantages, the collaboration is poised to unlock a host of technical benefits:
- Reduction of block time from 5 seconds to 2 seconds, enhancing transaction speed.
- Enhancement of throughput by 50%, optimizing network performance.
- Enhanced security measures while bridging to the Ethereum network, ensuring data integrity.
Moreover, in celebration of the network’s fourth anniversary, Celo is offering users the opportunity to mint a complimentary CEL2 NFT on the Celosphere marketplace. With exciting quests and rewards lined up, Celo is poised to attract a new wave of users to its ecosystem.
Image/Photo credit: source url
