Celo Explores Migration to Ethereum Layer-2 Network
Blockchain platform Celo is considering a move from its standalone blockchain to an Ethereum (ETH) Layer-2 (L2) network. Originally, Celo planned to use Optimism’s OP Stack, a customizable toolkit similar to Polygon (MATIC) but based on Optimism’s technology. However, Polygon Labs co-founder Sandeep Nailwal has proposed an alternative solution to the Celo community. Nailwal suggests leveraging Polygon’s Chain Development Kit (CDK), an open-source toolset that enables the creation of customizable Layer-2 chains powered by zero-knowledge (ZK) technology.
Celo’s Potential Move To Ethereum Layer-2 Via Polygon
In a recent blog post, Polygon Labs suggested that Celo could consider deploying an Ethereum Layer-2 solution using Polygon CDK. This strategy would allow Celo to benefit from being an Ethereum Layer-2 platform while maintaining its successful characteristics.
The proposal highlights several advantages of adopting Polygon CDK. Firstly, it enables cross-community collaboration by integrating with Layer-2 solutions powered by zero-knowledge technology. Additionally, it enhances compatibility with Ethereum by providing an environment equivalent to the Ethereum Virtual Machine (EVM). This ensures a seamless transition for Celo, closely matching Ethereum’s technical infrastructure and tooling.
Furthermore, deploying with the CDK offers increased security for Celo by leveraging Ethereum’s proven consensus layer and incorporating the security benefits of zero-knowledge proofs. In terms of fees and scalability, Celo can benefit from low fees and cost-efficient transactions through zkEVM validium architecture and off-chain data availability supported by Polygon CDK.
By becoming part of the Polygon ecosystem, Celo gains access to a unified Layer-2 economy, combining Ethereum’s mainnet with Polygon’s ecosystem. This integration provides a seamless experience for developers and users, facilitating interaction with both networks.
Fast Transactions And Lower Fees?
Celo users can enjoy near-instant withdrawals, faster finality times, and instant cross-chain interactivity through zero-knowledge technology. These features enhance the speed, efficiency, and security of transactions, ultimately improving the user experience. Chains using Polygon CDK can achieve near-instant cross-chain interactivity with Ethereum, establishing a secure and interconnected network using ZK proofs.
Hot Take: Celo’s Potential Migration to Ethereum Layer-2
The proposed migration to Polygon CDK presents an opportunity for Celo to transition to an Ethereum Layer-2 solution while leveraging the advantages of Polygon’s ZK-powered technology. This proposal initiates discussions between the Celo and Polygon communities to explore potential benefits for all stakeholders. It is important to note that no final decision has been made at this stage, and the proposal marks the beginning of discussions between the two communities.
Featured image from iStock, chart from TradingView.com
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