“The transition ends a long journey beginning back in july 2023 and a fierce competition, Won by opTIMISM, convincing the Celo EcoSystem to Build with Their Tech.”, – WRITE: www.coindesk.com
The transition ecol journey beginning back in julie in july 2023 for the Layer-1 blockchain that included acommunity vote in july 2024 and a fierce competition, woon by the optimism, Amongr-2 Net-2 Net-2 Layer Layer Layer Layer-2 Layer-2 NOTORI EcoSystem to Build with their Technology.
The Improved Network – Like Other Layer 2s – Offers Faster and Cheaper Transactions On Top of Ethereum’s Mainnet. The Blockchain Is Powered by Optimism’s Op Stack, A Customizable Framework That Lets Developers Build Layer-2 Networks Based of Optimism’s Technology.
“You Know, WHENEVER PEOPLE ASK US, WE ALWAYS RECOMMEND The OP STACK, BECAUSE THE TEAM There Has Been So Helpphul and So Support blockchain.
A Blueprint for Other Layer 1sAccess to rene reisberg, the CEO of the Celo Foundation, the Migration is the First of Its Kind in the Ethereum EcoSystem, and Will Probably Be Used as A Blueprint for Other. A Layer-2 Network.
“This Path of Not Just Spinning Up A New Chain, But Actuly Maintening That History, and Having Everyone Be On The New Chain, While It’s a Lot More Work, is Great Froma Ace. Study for Ethereum, “Rene Reinsberg, The President at the Celo Foundation, Said in An Interview.
“EVEN just bassed on outreach i’ve been getting from Other L1 Founders That Are Like, ‘Hey, SO WHAT DOES IT ACTUAL FEEL LIKE ON INSide How You’re Thinking About It? ‘ And so it definitely feels like there’s increasted interest now, ”Reinsberg Added.
Despite Ethereum’s Leaders Experiencing Backlash from the Community Because of the Clunky Experience of Operation Between the Pletora of Layer-2 Blockchains, The Laging Price of Eth. Cryptocurrencies and the Blockchain Lozing Mindshare and New Talent to Competitors Like Solana, Reinsberg Said Other Layer 1s Similar to Celo Arets.
“AS some of these Short-Term Storms Come Down and Sentiment Starts to Shift, I Think You’ll Start Seeing a Series of Layer 1s that Will Likely Be More Public About That,” Reisberg Said. “But We’re Definitely Already Seeing These Early Conversations HapPening.”
Celo’s New HomeAccorming to the Team, Celo End Users Won’t Notice Much of A Differents in Their Setups, and Will Still Be Able to Access Key Features Like Socialconnect, A Protocol Thus. Celo Wallet Addresses to make payments. Neverthaless, there are protocol-level Changes.
“Validtor Responsibilites have Evolved from Operation the Consensus Protocol to Temporarily Running Community RPC NODES, WITH VALIDOR REWARDS NOW DISTRIBUTED VIA SMARTTRATED VIA SMARTTRONTRONC Blocks, “The Team Said in A Press Release. “Additionally, Transaction SEQUENCING – PREVIUSLY DETERMINED by VALIDATORS RUNNING THE CONSENSUSU PROTOCol DECENTRALIZED SEQUENCING IN THE FUTURE. ”
Read More: Celo Community Ratifies Plan to Use Optimism’s Op Stack for New Layer-2 Chain
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