Ethereum

Celo

Uniswap

Optimism

Shiba Inu

cLabs, the leading developer of the Celo blockchain, has announced plans to transition its network to an Ethereum Layer 2 solution using the OP Stack. 
The decision to adopt the OP Stack, a key development platform within the Optimism ecosystem, came following a community endorsement in a <a href="https://celo.stake.id/#/proposal/116" data-type="link" data-id="https://celo.stake.id/#/proposal/116" target="_blank" rel="">governance vote</a> last July and an extensive eight-month review of several scaling solutions, including Arbitrum Orbit, zkSync’s ZK Stack, and <a href="https://crypto.news/polygon-labs-suggests-assisting-celos-transition-to-ethereum-layer-2-using-cdk/" data-type="link" data-id="https://crypto.news/polygon-labs-suggests-assisting-celos-transition-to-ethereum-layer-2-using-cdk/" rel="">Polygon CDK</a>. 
OP Labs, which contributes to the Optimism ecosystem, provides the OP Stack to help developers create custom Layer 2 blockchains. 
Celo’s migration to the <a href="https://crypto.news/tag/optimism/" data-type="link" data-id="https://crypto.news/tag/optimism/" rel="">Optimism</a> ecosystem is intended to integrate it into the Superchain network, including chains like OP Mainnet and Base, enhancing scalability and performance. 
Adopting optimistic rollups within this ecosystem aims to facilitate more efficient processing of Ethereum transactions, addressing scalability concerns by compiling transactions on a secondary layer. 
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 🚨 It's time to CELOBRATE: <a href="https://twitter.com/hashtag/CEL2?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#CEL2</a> &amp; 4 Years of Celo Mainnet 🎉 🎉 Today is the 4th anniversary of Celo mainnet's launch on Earth Day 2020! To mark the occasion, <a href="https://twitter.com/cLabs?ref_src=twsrc%5Etfw" target="_blank" rel="">@cLabs</a> shares its stack suggestion for Celo's transition → an Ethereum L2 Hello, <a href="https://twitter.com/Celo?ref_src=twsrc%5Etfw" target="_blank" rel="">@Celo</a> x <a href="https://twitter.com/Optimism?ref_src=twsrc%5Etfw" target="_blank" rel="">@Optimism</a> 🟡 🔴 ✨ 🧵↓ <a href="https://t.co/MpoM24i7Dl" target="_blank" rel="">pic.twitter.com/MpoM24i7Dl</a>— Celo 🦇 🌳 (@Celo) <a href="https://twitter.com/Celo/status/1782394244352860589?ref_src=twsrc%5Etfw" target="_blank" rel="">April 22, 2024</a>
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 You might also like: <a href="https://crypto.news/ways-to-invest-in-bitcoin/" rel=""> How to invest in Bitcoin without buying it </a> 
The proposed enhancements for Celo include reducing block times from five seconds to two and increasing throughput by 50%. A testnet for the Celo <a href="https://crypto.news/tag/layer-2/" data-type="link" data-id="https://crypto.news/tag/layer-2/" rel="">Layer 2</a> is scheduled for launch in the summer of 2024, pending further community approval. 
The adoption marks an important transition for Celo (<a href="https://crypto.news/price/celo/" rel="">CELO</a>), initially launched as a Layer 1 blockchain compatible with the Ethereum Virtual Machine. 
The network, which garnered <a href="https://crypto.news/cryptocurrency-payment-startup-celo-raises-25-million/" data-type="link" data-id="https://crypto.news/cryptocurrency-payment-startup-celo-raises-25-million/" rel="">$30 million</a> in funding from major investors like a16z and Polychain Capital in 2019 and an additional <a href="https://crypto.news/celo-20-million-investors-funding-round/" data-type="link" data-id="https://crypto.news/celo-20-million-investors-funding-round/" rel="">$20 million</a> in 2021, supports a variety of applications, ranging from established Ethereum dApps like <a href="https://crypto.news/tag/uniswap/" data-type="link" data-id="https://crypto.news/tag/uniswap/" rel="">Uniswap</a> and Sushiswap to Celo-native projects such as Valora and UbeSwap. 
 Read more: <a href="https://crypto.news/shiba-inu-raises-12m-to-develop-layer-3-network/" rel=""> Shiba Inu raises $12m to develop layer 3 network </a>

cLabs develops Celo as Ethereum Layer 2 on Optimism’s OP Stack

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