Celo Mainnet Migration to Ethereum Layer 2: Enhancing Speed and Cross-Chain Support

COINOTAG News reported on March 26th that Celo is undergoing a significant migration from its Layer 1 protocol to the Ethereum Layer 2 ecosystem. This transition has necessitated the temporary pause of Celo block production. Post-migration, Celo aims to leverage Ethereum’s capabilities, facilitating native cross-chain bridging while optimizing block time from 5 seconds to an impressive 1 second. Initial collaborations have been established with notable partners such as Aave, Fireblocks, Uniswap, and Yellowcard. Looking forward, Celo’s existing validators will evolve into decentralized verifiers, ensuring enhanced network security and achieving single block finality. This strategic move not only enhances network efficiency but also positions Celo more favorably within the Ethereum ecosystem, catering to an expanding user base seeking faster and more reliable transactions.