News with the tag "cLabs"

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.

Source: Pixabay / jievani Celo’s developer has proposed a comprehensive plan to guide the selection of a Layer-2 technology provider, with a plan to finalize their decision in January 2024. cLabs, the primary developer behind Celo, published a “framework for selecting an L2 stack” on their discussio...

The change seeks to simplify liquidity sharing between Celo and Ethereum while boosting security.

cLabs, the Celo blockchain’s core developer has presented a plan to transform its Layer 1 network into a Layer 2 solution built on Ethereum The post Celo Network Moves to Become Ethereum Layer 2 appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

The development team behind the independent Celo blockchain says benefits could accrue from transitioning to the Ethereum ecosystem, in terms of greater liquidity, improved security and more compatibility.