Celo completes successful transition to Ethereum Layer 2: After two years of development, part of an interoperable network now

Celo completes successful transition to Ethereum Layer 2: After two years of development, part of an interoperable network now

Celo successfully migrated to Ethereum Layer 2: A milestone in blockchain development

After two years of intensive development work, Celo has completed complete migration to Ethereum Layer 2. This significant step marks the transition from Celo from a single blockchain to an interoper network that uses the versatility and scalability of Ethereum blockchaine.

Migration on Layer 2 is a strategic step to increase the performance of Celo and at the same time improve user -friendliness. With this change, it is possible to carry out transactions faster and cheaper, which is a significant relief for the users.

Due to the interoperability with Ethereum, Celo will be able to benefit from the existing infrastructures and the large ecosystem of the Ethereum blockchain. This opens up new opportunities for developers and companies to create innovative applications that use both the Celo platform and Ethereum.

The decision for Layer 2 is particularly relevant because it aims to address the challenges associated with scaling blockchain networks. By reducing transaction costs and improving the speed, Celo becomes an attractive platform for defi applications and digital payments.

Overall, the migration to Ethereum Layer 2 is a very positive development for Celo, which improves both efficiency and user experience and arms the network for future challenges.