Ethereum

Celo

Base

Optimism

Polygon

Polygon Labs has suggested that the <a href="http://Celo blockchain" target="_blank" rel="noopener noreferrer nofollow">Celo blockchain</a> community utilize its Chain Development Kit (CDK) for their upcoming Layer 2 transition on Ethereum. 
This proposal surfaces after Celo’s core team, cLabs, revealed an alternative idea involving a transition from Layer 1 to an Ethereum-based Layer 2 using software from OP Labs named OP Stack. 
Sandeep Nailwal, Polygon’s co-founder, voiced his proposal on Celo’s <a href="https://forum.celo.org/t/polygon-labs-proposal-for-celo-to-become-an-eth-l2-using-polygon-chain-development-kit-cdk/6576" data-type="link" data-id="https://forum.celo.org/t/polygon-labs-proposal-for-celo-to-become-an-eth-l2-using-polygon-chain-development-kit-cdk/6576" target="_blank" rel="noopener noreferrer nofollow">governance forum</a>, stating, “We propose the Celo Ecosystem to employ the Polygon CDK for its L2 migration. The CDK is an open-source toolset that facilitates developers in constructing ZK-powered L2s for Ethereum. Its beauty lies in the ease with which it allows L1s to transition to Ethereum L2s, coupled with an emphasis on modularity.” 
Polygon’s CDK, a product of <a href="https://crypto.news/tag/polygon/" data-type="link" data-id="https://crypto.news/tag/polygon/" rel="noopener noreferrer nofollow">Polygon Labs</a>, is rooted in open-source principles. It’s tailored for the creation of Layer 2s, which utilize zero-knowledge rollup technology, inheriting Ethereum’s robust security via ZK proofs. 
 You might also like: <a href="https://crypto.news/celo-unveils-2-megabyte-stablecoin-wallet-for-opera-mini/" rel="noopener noreferrer nofollow"> Celo unveils 2-megabyte stablecoin wallet for Opera Mini </a> 
This innovative software kit hasn’t gone unnoticed. Established blockchain enterprises like Canto, Astar, Immutable, IDEX, and Palm Network have already expressed their keen interest, collaborating with Polygon Labs for their Ethereum(<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) Layer 2 migration needs. 
As discussions ensue, Rene Reinsberg, Celo’s co-founder, indicated that cLabs is keen on involving the wider community in their deliberation process, ensuring a transparent and communal decision-making process. 
However, the Layer 2 migration scene is bustling with activity and options. Numerous teams are exploring transitions to the Ethereum <a href="https://crypto.news/layer-2-projects-experiencing-a-boom-after-the-merge/" data-type="link" data-id="https://crypto.news/layer-2-projects-experiencing-a-boom-after-the-merge/" rel="noopener noreferrer nofollow">Layer 2 ecosystem</a>, with many having a range of software tools at their disposal, courtesy of prolific teams like Polygon, Optimism(<a href="https://crypto.news/price/optimism/" data-type="link" data-id="https://crypto.news/price/optimism/" rel="noopener noreferrer nofollow">OP</a>), and Arbitrum(<a href="https://crypto.news/price/arbitrum/" data-type="link" data-id="https://crypto.news/price/arbitrum/" rel="noopener noreferrer nofollow">ARB</a>). 
A captivating dynamic is observed with Polygon’s CDK and OP Stack from Optimism Labs. While various entities, including Base and Zora, have embraced OP Stack’s optimistic rollups for Layer 2 designs, Polygon’s CDK remains a compelling alternative, accentuating the potential of zero-knowledge rollups. 
 Read more: <a href="https://crypto.news/animoca-brands-partners-with-celo-to-drive-web3-adoption-with-focus-on-sustainability/" rel="noopener noreferrer nofollow"> Animoca brands partners with Celo to drive web3 adoption with focus on sustainability </a>

Polygon Labs suggests assisting Celo’s transition to Ethereum layer 2 using CDK

crypto.news

دیگر آرٹیکلز 21 ستمبر، 2023 پر پبلش کیے گئے ہیں

US Presidential Candidate Vivek Ramaswamy Drafting A Comprehensive Crypto Policy Framework

Blue Matty Statue INO will be on GameFi.org, Sep. 26th, 2023

Machine learning algorithm sets Terra Classic price for October 1, 2023

OpenAI Reveals DALL-E 3 for Easier Image Generation with Text and Typography Integration

Analysts bullish on Cardano, TRON, and Kangamoon

Why Etsy Is Facing a Huge Sell-Off? Will Buyers Regain Control?

Join our free newsletter for daily crypto updates!