cLabs, the core developer of the Celo blockchain, has unveiled a daring plan to remodel its Layer 1 community right into a Layer 2 answer constructed on Ethereum. This strategic transfer goals to boost safety ensures and enhance the general performance of the platform.

The proposal, shared on the undertaking’s governance discussion board, outlines the imaginative and prescient for a future model of Celo primarily based on a Layer 2 roll-up mannequin. Below this method, safety proofs can be printed to the Ethereum mainnet, leveraging Ethereum’s sturdy safety infrastructure to offer even stronger assurances than Celo presents by itself.

To facilitate this transition, cLabs intends to make the most of the OP Stack, modular tooling supplied by Optimism. This can allow them to custom-build the necessities for his or her chain. Comparable methodologies have been efficiently carried out by main cryptocurrency trade Coinbase for his or her Layer 2 community, Base. As a part of the Layer 2 structure, cLabs plans to develop a decentralized sequencer utilizing Celo’s present validator set, guaranteeing a number of entities can contribute to securing the chain. Moreover, they are going to leverage EigenDA, a knowledge availability layer from the re-staking undertaking EigenLayer, to cut back storage charges for the community.

As an Ethereum Digital Machine (EVM)-compatible blockchain, Celo garnered vital help from distinguished enterprise corporations, together with a16z and Polychain Capital, with a $30 million funding spherical in 2019. Subsequently, the undertaking raised one other $20 million in 2021.

At present, the Celo community hosts varied Ethereum-based decentralized functions comparable to Uniswap and Sushiswap, together with native functions like Valora, Mento, and UbeSwap.

Importantly, the proposal highlights that migrating Celo’s EVM-compatible Layer 1 to an Ethereum Layer 2 answer can be a technical improve that won’t disrupt the prevailing Celo ecosystem of functions. The transition goals to boost safety measures whereas sustaining compatibility and continuity for Celo customers and builders.

By embracing Ethereum’s Layer 2 options, cLabs goals to leverage the sturdy safety ensures of the Ethereum mainnet whereas unlocking new prospects for scalability and performance. The proposed transition displays cLabs’ dedication to steady innovation and its dedication to offering an enhanced consumer expertise inside the Celo ecosystem.

Because the proposal progresses, group suggestions and collaboration will play a significant position in shaping the way forward for Celo’s Layer 2 answer. With the help of its blue-chip backers and the broader developer group, cLabs is poised to strengthen Celo’s place as a number one blockchain platform for decentralized functions, ushering in a brand new period of enhanced safety and scalability.