Ethereum

Token

Shift

Security

<p>Ethereum co-founder Vitalik Buterin has called Celo’s upcoming move to an Ethereum Layer-2 solution a positive step. This shift, initiated by cLabs in July 2023, marks Celo’s transition from an independent, EVM-compatible layer-1 blockchain to an integrated Layer-2 within the Ethereum ecosystem.</p> 
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   <p lang="en" dir="ltr">This is amazing to see. Improving worldwide access to basic payments/finance has always been a key way that ethereum can be good for the world, and it's great to see <a href="https://twitter.com/Celo?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Celo</a> getting traction.<br><br>See also their recent posts:<br><br>* <a href="https://twitter.com/Celo?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Celo</a> becoming an Ethereum L2: <a href="https://t.co/08U7G7q69s" target="_blank" rel="nofollow">https://t.co/08U7G7q69s</a><br>*… <a href="https://t.co/Qq7vcmZ6e3" target="_blank" rel="nofollow">https://t.co/Qq7vcmZ6e3</a></p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1838809754002690403?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 25, 2024</a>
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<p>Celo wants to increase its adaptability and security while keeping its signature speed, low transaction costs, and user-friendliness. With this change, Celo will likely benefit from Ethereum’s robust ecosystem, creating more opportunities for developers.</p> 
<h2 class="wp-block-heading" id="h-improved-connectivity-and-security">Improved Connectivity and Security</h2> 
<p>One of the main technological advantages of Celo’s transition to Layer-2 is the addition of a native link between Celo and Ethereum. Token transfers across blockchains have always depended on external bridges, which can pose securit…</p>
<p>The post <a href="https://coinedition.com/celos-shift-to-layer-2-signals-growing-confidence-in-ethereum/">Celo’s Shift to Layer-2 Signals Growing Confidence in Ethereum</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Celo’s Shift to Layer-2 Signals Growing Confidence in Ethereum

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