Celo’s Big Leap to Ethereum Layer-2: Here’s What You Missed!

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Guess what? Celo has officially ditched its old life as a lonely Layer-1 blockchain and joined the Ethereum Layer-2 party! 🎉 It’s like going from a small-town dance to an international nightclub. Welcome to the future, Celo!

Two years ago, Celo decided it wanted a glow-up and proposed the transition. The goal? Better security, more Ethereum power, and a dreamier experience for developers. If only life-changing decisions were this simple! 🧐

The Big Migration – Goodbye L1, Hello L2!

Well, the big day has finally arrived! On Wednesday, Celo made its switch to Ethereum Layer-2, using Optimism’s OP Stack and EigenDA to keep things secure. It’s like upgrading from a flip phone to the latest iPhone, but for blockchain. 📱

The official moment came at block height 31,056,500. Why’s that important? Because Celo now has better security, and it works even smoother with Ethereum. Plus, the old perks—low fees and speedy transactions—are still in full effect. Talk about a win-win. 🏆

The Celo countdown website didn’t leave us hanging, confirming that the migration is a done deal. 20 months of planning, testing, and a lot of serious talks later, and voila! Celo is officially Ethereum Layer-2. 👏

“The Celo L2 migration has been successfully completed. Celo is now live as an Ethereum Layer 2,” the announcement proudly proclaimed. Sure, they might have used more words, but let’s keep it simple. 🥳

The transition wasn’t all smooth sailing at first. Celo validators paused block production on the L1 network, and cLabs—Celo’s trusty development squad—let everyone know the hard fork was in progress. They were so excited, they tweeted about it. Imagine that energy! 💥

But no worries, less than two hours later, everything was back online, and Celo L2 was fully functioning. Talk about efficiency. 🙌

What Does This Mean for Users and Developers?

This is where it gets interesting: Ethereum’s infrastructure means Celo gets a nice security upgrade and way faster block production. One second per block instead of five. That’s like turning your slow internet into fiber-optic speed. 🚀

And let’s not forget Celo’s ultra-low transaction fees of just $0.0005. Yes, you read that right. No need to sell your kidney to send a payment. 💸

Ethereum developers, you’re in luck! You can now build on Celo with hardly any changes. It’s a seamless match made in blockchain heaven. Marek Olszewski, the CEO of cLabs, is calling it a “return home” for Celo. We’re pretty sure he’s talking about the Ethereum family reunion. 👨‍👩‍👧‍👦

In fact, CELO’s price went up by nearly 4% after the announcement. Must be the power of Ethereum, right? 📈

Now, let’s add some drama to the mix. Solana (yes, that Solana) is questioning whether Layer 2 networks are really necessary. Anatoly Yakovenko thinks Solana’s monolithic Layer-1 is enough. Well, Anatoly, it’s nice to see everyone’s opinion matters. 😅

Oh, and Binance’s Changpeng Zhao isn’t helping by stirring the debate on whether AI should live on L1 or L2 networks. Talk about keeping us on our toes. 🤖

Meanwhile, Ethereum’s own revenue from transaction fees has dropped by 95%. But hey, who needs fees when Layer 2 is all the rage? 💡

As Celo becomes fully integrated into Ethereum, users and developers can look forward to increased liquidity and smoother transactions. Talk about “blockchain goals.” 💎

“Celo has done a lot for crypto’s global adoption, and I’m excited to see it fully embracing the Ethereum family,” said Ethereum’s co-founder Vitalik Buterin. Yep, even Vitalik is loving the new family dynamic. 🏠

That said, Celo may want to start thinking about where it’s going to get revenue from. Ultra-low fees are great, but we don’t want to see Celo scrambling for funds later on. Maybe MEV or a few strategic partnerships could save the day? 💡

Joanna Zeng, co-founder and CEO of SOON (an SVM rollup on Ethereum), says we should be supporting L2 networks instead of bashing them. After all, it’s about scalability, not just arguing about who’s on top. 👊

“L1s will not change their base layers, but they can still benefit from better scalability. Instead of arguing against L2s, the real opportunity is proving the strength of SVM by expanding beyond Solana,” Zeng told BeInCrypto. Zing! 🔥

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2025-03-26 09:57