Benzinga

España
Italia
대한민국
日本
Français
Benzinga Edge
Benzinga Research
Benzinga Pro

  • Get Benzinga Pro
  • Data & APIs
  • Events
  • Premarket
  • Advertise
Contribute
España
Italia
대한민국
日本
Français

Benzinga

  • Premium Services
  • Financial News
    Latest
    Earnings
    Guidance
    Dividends
    M&A
    Buybacks
    Interviews
    Management
    Offerings
    IPOs
    Insider Trades
    Biotech/FDA
    Politics
    Healthcare
    Small-Cap
  • Markets
    Pre-Market
    After Hours
    Movers
    ETFs
    Options
    Cryptocurrency
    Commodities
    Bonds
    Futures
    Mining
    Real Estate
    Volatility
  • Ratings
    Analyst Color
    Downgrades
    Upgrades
    Initiations
    Price Target
  • Investing Ideas
    Trade Ideas
    Long Ideas
    Short Ideas
    Technicals
    Analyst Ratings
    Analyst Color
    Latest Rumors
    Whisper Index
    Stock of the Day
    Best Stocks & ETFs
    Best Penny Stocks
    Best S&P 500 ETFs
    Best Swing Trade Stocks
    Best Blue Chip Stocks
    Best High-Volume Penny Stocks
    Best Small Cap ETFs
    Best Stocks to Day Trade
    Best REITs
  • Money
    Investing
    Cryptocurrency
    Mortgage
    Insurance
    Yield
    Personal Finance
    Forex
    Startup Investing
    Real Estate Investing
    Prop Trading
    Credit Cards
    Stock Brokers
Research
My Stocks
Tools
Free Benzinga Pro Trial
Calendars
Analyst Ratings Calendar
Conference Call Calendar
Dividend Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Unusual Options Activity Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Free Stock Reports
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Free Newsletter
Government Trades
Perfect Stock Portfolio
Easy Income Portfolio
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
Forex Profit Calculator
100x Options Profit Calculator
Screeners
Stock Screener
Top Momentum Stocks
Top Quality Stocks
Top Value Stocks
Top Growth Stocks
Compare Best Stocks
Best Momentum Stocks
Best Quality Stocks
Best Value Stocks
Best Growth Stocks
Connect With Us
facebookinstagramlinkedintwitteryoutubeblueskymastodon
About Benzinga
  • About Us
  • Careers
  • Advertise
  • Contact Us
Market Resources
  • Advanced Stock Screener Tools
  • Options Trading Chain Analysis
  • Comprehensive Earnings Calendar
  • Dividend Investor Calendar and Alerts
  • Economic Calendar and Market Events
  • IPO Calendar and New Listings
  • Market Outlook and Analysis
  • Wall Street Analyst Ratings and Targets
Trading Tools & Education
  • Benzinga Pro Trading Platform
  • Options Trading Strategies and News
  • Stock Market Trading Ideas and Analysis
  • Technical Analysis Charts and Indicators
  • Fundamental Analysis and Valuation
  • Day Trading Guides and Strategies
  • Live Investors Events
  • Pre market Stock Analysis and News
  • Cryptocurrency Market Analysis and News
Ring the Bell

A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.

  • Terms & Conditions
  • Do Not Sell My Personal Data/Privacy Policy
  • Disclaimer
  • Service Status
  • Sitemap
© 2026 Benzinga | All Rights Reserved
September 29, 2023 4:54 PM 1 min read

How Matter Labs' ZK Stack Helps Celo's Layer 2 Migration

by Murtuza J Merchant Benzinga Staff Writer
Follow
CELO/USD Logo
$CELOCelo
$0.1112-5.84%
Overview

Matter Labs on Friday unveiled its proposal to Celo (CRYPTO: CELO), noting the potential of its ZK Stack for a seamless Layer 2 blockchain migration.

Omar Azhar, head of business development of Matter Labs, emphasized in a post the modular and open-source nature of the ZK Stack, a framework crafted to develop custom hyperchains.

These ZK-powered L2s and L3s were designed to offer both sovereignty and seamless connectivity.

While operating independently, they are interconnected through a series of hyperbridges, ensuring swift and efficient cross-chain transactions.

Azhar expressed Matter Labs' respect for the achievements of cLabs, the Celo Foundation and its expansive ecosystem.

The ZK Stack boasted several key benefits, as outlined by Azhar.

Also Read: Cross-Chain Interoperability Made Easy With Chainlink Protocol On BNB Chain

The company championed a mobile-first approach, allowing Celo to integrate hardware signers using mobile devices seamlessly.

The technology underpinning the ZK Stack was robust and rigorously tested, ensuring top-notch security standards.

Furthermore, as open-source, it eliminated the need for licensing fees, which made it more accessible for external development teams.

Azhar also highlighted the rapid growth and achievements of the ZK Stack in a short span of six months.

Read Next: FTX Founder Sam Bankman-Fried Denied Bail, To Remain In Jail Throughout Trial

Photo: Gerd Altmann, Pixabay

 

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


Posted In:
CryptocurrencyNewsMarketsBlockchain Technologydecentralized financeDigital AssetsEthereum
CELO/USD Logo
$CELOCelo
$0.1112-5.84%
Overview
Comments
Loading...