Celo Developer cLabs Proposes Using OP Stack to Launch Ethereum Layer 2 Chain

cLabs, the core developer behind the Celo blockchain, has proposed building the anticipated Ethereum ETH/USD Layer-2 solution on the OP Stack. The move to migrate Celo from its current Layer 1 network to an Ethereum Layer 2 was confirmed after receiving community approval through a governance vote last July, marking a big change in the project's evolution. The team has now decided to develop its Layer 2 on the OP Stack, the primary toolkit for developing chains within the Optimism OP/USD ecosystem. This followed an eight-month period of evaluation and testing of various scaling technologies and software packages, including Arbitrum Orbit, zkSync's ZK Stack, and Polygon CDK.

Read the full story at The Block.

Loading...
Loading...
ETH/USD Logo
$ETHEthereum - United States dollar
$3764.441.04%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
85.35
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...