Celo, the blockchain network launched in 2020, has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol.Celo announced the successful transition in a March 26 X post, stating that “Celo is officially an Ethereum layer 2” protocol. In the thread, the organization claimed the new protocol features one-second blocks, sub-cent transaction costs, and Tether's USDt (USDT) and USDC (USDC) as gas.

Celo, a blockchain first established as a standalone layer-1 network, has officially transitioned to an Ethereum layer-2 solution.

TL;DR Ethereum Layer 2 Transition: Celo shifts from a standalone L1 blockchain to an Ethereum L2 network using optimistic rollups, leveraging Ethereum's robust security and ecosystem. Boosted Performance: The upgrade reduces block times from 5 seconds to 1 second, enhancing scalability, interoperability, and low-cost transaction speed. Strengthened Ecosystem: With key partnerships (Aave, Uniswap, etc.

Celo transitions to Ethereum L2 with 1 seconds block time and $0.0005 fees Migration enables native bridging, boosts speed, and lowers security risks Vitalik and Coinbase support Celo's shift to enhance Ethereum integration

Celo, which was first launched as a proof-of-stake layer-1 blockchain in April 2020, has officially become an Ethereum layer-2 network after its long-awaited hard fork. The successful migration was completed nearly two years after Celo's initial proposal in July 2023.

Celo has successfully migrated from a standalone Layer 1 blockchain to an Ethereum Layer 2 network, marking a major milestone after nearly two years of development. This upgrade boosts scalability, improves interoperability, and deepens integration with Ethereum's ecosystem. Block times have been reduced from 5 seconds to just 1 second, significantly enhancing transaction speed.

Celo has officially transitioned from a standalone EVM-compatible Layer-1 (L1) blockchain to an Ethereum Layer-2 (L2), marking a significant milestone for the blockchain ecosystem.

Celo has finalized migration from a standalone L1 platform to an Ethereum L2 blockchain. The transition represents a key landmark in Celo's evolution, improving interoperability, security, and the entire ecosystem while ensuring sustainability and accessibility. The countdown platform shows the migration completed on 26 March, with Celo Layer2 Mainnet activation at 31056500 block height.

The transition ends a long journey beginning back in July 2023 and a fierce competition, won by Optimism, convincing the Celo ecosystem to build with their tech.

The Layer 2 development utilized the OP Stack from Optimism, migrating Celo into an optimistic rollup chain.

Celo's integration as an Ethereum layer 2 enhances scalability, security, and interoperability, potentially boosting Web3 adoption and innovation. The post Celo returns home to Ethereum as layer 2, migration completed appeared first on Crypto Briefing.

Celo has completed the migration to Ethereum Layer 2 after two years of development, transitioning from an individual blockchain to an interoperable network. The post Celo Completes Migration to Ethereum Layer 2 appeared first on Cryptonews.

Coinbase has announced its support for Celo's migration from a standalone Layer-1 blockchain to an Ethereum Layer-2 network.

Aave v3 has launched on Celo, expanding DeFi access to Celo's mobile-first users and opening the platform to broader user growth.

The Aave deployment on Celo allows builders and users globally to borrow, lend, and earn yield with “sub-cent” transaction costs and one-block finality. The post Aave V3 is Now Live on Celo appeared first on Cryptonews.

Stablecoin interoperability is becoming a major driving force for developers seeking to ease the cost and settlement burden of transactions.

Digital asset exchange Coinbase is pushing back against accusations that it isn't supporting Ethereum's (ETH) scaling roadmap. The top US crypto exchange came under fire online after it announced last week that it wouldn't support Celo's (CELO) upcoming migration from a standalone layer-1 chain to an Ethereum layer-2.

Layer 1 blockchain Celo (CELO) will migrate to layer 2 on 16 January 2025. The move, which has been ongoing for over a year, signals the increasing interest in L2 solutions to fight efficiency and scalability issues. Meanwhile, Coinbase's latest announcement to clients ahead of the transition has triggered conversations within the cryptocurrency community.

Celo's planned migration to Layer 2, known for over a year, has raised questions about Coinbase's late announcement to customers.

Crypto exchange Coinbase has announced that it will delist and stop supporting Celo layer-1 blockchain token CGLD by January 13, 2025. This move is in response to Celo's planned migration into a layer-2 network.

cLabs CEO Marek Olszewski said Coinbase's decision “feels like a wrench in Ethereum's Layer 2-centric scaling roadmap.”

In a wide-ranging exclusive interview with Cryptonews Podcast, Isha Varshney, the Head of Ecosystem at the Celo Foundation, discussed actual real-world use cases and their vast benefits, as well as the concept of reputation-based credit.

Latest updates on HBAR, SEI, and CELO coins.

October is historically a bullish month for the crypto market. Because of this, investors might be on the lookout for hidden gem altcoins that could bring significant gains.

As we near the end of 2024, Grayscale Research has revealed an exciting list of the top 20 cryptocurrencies expected to shine in the final quarter. With six new altcoins added, including Sui (SUI) and Optimism (OP), the buzz in the crypto market is palpable.

As the cryptocurrency landscape continues to evolve, Grayscale in its recent research titled ‘Grayscale Research Insights: Crypto Sectors in Q42024' has identified six emerging assets, Sui (SUI), Bittensor (TAO), Optimism (OP), Celo (CELO), Helium (HNT), and UMA Protocol (UMA), as high-potential investments for Q4 2024.

Grayscale's updated list signals a strategic shift towards decentralized AI and high-performance infrastructure, highlighting evolving market trends. The post Grayscale lists SUI, TAO, OP, CELO among top “high potential” tokens for Q4 2024 appeared first on Crypto Briefing.

Grayscale Research has published a new list of 20 digital assets that have high potential in the fourth quarter of the year.

The implementation of USDT on Celo and the success of MiniPay contribute to the rapid expansion of the network

The CELO token has rallied nearly 20% in the past 24 hours.

Ethereum co-founder Vitalik Buterin has commended the recent development of Celo Network, a mobile-first blockchain platform.

The mobile-first blockchain has recently achieved a significant milestone.

Blockchain data shows Celo's growth was boosted by key applications like Minipay and Valora, particularly in markets like Nigeria and Kenya.

TL;DR Vitalik Buterin's Praise: Ethereum co-founder Vitalik Buterin praised Celo for surpassing Tron in daily active stablecoin addresses, marking a significant milestone. CELO Token Surge: Following Buterin's endorsement, Celo's native token, CELO, surged by approximately 25%, reaching $0.68.

Celo surpasses Tron in stablecoin usage, driven by African app adoption. Vitalik Buterin praises Celo's impact on global payment accessibility and finance.

Vitalik Buterin also talked about the Celo blockchain for transitioning from a standalone Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain to an Ethereum Layer 2 blockchain.

CELO's surge highlights the growing influence of endorsements in crypto markets and underscores the potential for increased global financial inclusion. The post CELO jumps 25% after project gains endorsement from Vitalik Buterin appeared first on Crypto Briefing.

Artemis, an institutional data platform for digital assets, noted that Ethereum layer-2 blockchain Celo (CELO) recently outperformed Tron (TRX) in daily active addresses. This growth is fueled by stablecoin adoption and usage.

Celo recorded a remarkable price spike within an hour after Ethereum's Vitalik Buterin gave the project a positive endorsement.

Vitalik Buterin noted that Celo's second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.

Vitalik Buterin, Ethereum's founder, mentioned Celo (CELO) as a positive example of a payment platform. The CELO token rallied immediately after the endorsement.

In collaboration with Valora, the new plan will be launched in Nigeria, South Africa, Brazil, Turkey, and Vietnam.

Story Highlights CELO coin price could reach a maximum of $1.46by the end of 2024. CELO price, with a potential surge, could go as high as $5 by the end of 2030. CELO coin live price is .

The Stabila Foundation has launched a new initiative to boost stablecoin adoption within the Celo ecosystem, aiming to drive real-world use cases for the network.

Celia Inside has launched a new music NFT collection on Celosphere, marking a significant moment for the platform.

Gitcoin has announced that the twenty-first edition of its grants program, Gitcoin Grants 21, is officially live and will feature ecosystem rounds for Arbitrum and Celo. The Gitcoin Grants 21 program went live on Aug.

The battle for the best blockchain for developers and users has been won by the likes of Ethereum, Solana, BNB Chain, Arbitrum, and Base. Many contenders who were hoping to take on Ethereum have faced substantial challenges and evolved into ghost chains.