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.

Crypto prices had a mixed performance last week after the Federal Reserve left interest rates unchanged and the U.S. Securities and Exchange Commission ended its appeal against Ripple Labs.

EOS dropped 10.03% to $0.5672 by 21:34 (01:34 GMT) on the Investing.com Index, marking its steepest one-day decline since March 3. The downturn dragged EOSs market cap to $888.72 million, representing just 0.03% of the total cryptocurrency market.

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EOS, a blockchain that launched in 2018 during the ICO boom to take on Ethereum, has rebranded to “Vaulta” as it pivots towards Web3 banking to capitalize on the increasing demand for innovative financial investment products.

Blockchain network EOS has announced its rebrand to ‘Vaulta' with a shift to Web3 banking and banking advisory group. The post EOS Price Jumps as Network Rebrands to Vaulta and Pivots to Banking appeared first on Cryptonews.

EOS experienced significant volatility this week after developers announced a major rebrand and a shift toward a “new era in finance.” EOS (EOS) initially surged to a multi-week high of $0.6675 following the rebranding news before retreating to $0.5695.

EOS Network is undergoing a significant rebrand, now transitioning into Vaulta as it ventures into the world of Web3 banking.

EOS price soared by 25% after the Vaulta rebrand and briefly soared above $0.65.

TL;DR Rebranding for Web3 Banking: EOS rebrands to Vaulta, pivoting to integrate decentralized finance with traditional banking systems. Token Swap & Exchange Expansion: A token swap (1:1) is planned by May 2025, with Vaulta set to list on nearly 140 exchanges.

EOS has surged by 26% over the past 24 hours, making it the top-performing crypto asset during that period.

Amid the market's bear struggle, the EOS price attains an unexpected rally. EOS blockchain network token has been struggling for years, losing more than 100% of its value from ATH, but things have changed today, as it surged 32% within hours.

EOS Network has announced that it will rebrand to Vaulta in a pivot to offer modern banking services to Web3 users. In the announcement, EOS Network also mentioned that it will be transitioning officially and launching a new token tentatively in May 2025.

The attackers impersonated legitimate entities to trick users.

EOS Network's rebrand to "Vaulta" and pivot to Web3 banking triggered a 30% price surge, though the token remains well below its all-time high.

The native token of the EOS Network recorded a strong bullish momentum amid the network's rebranding to Vaulta.

EOS Network has announced its rebrand to Vaulta, signaling a major move into Web3 banking. A token swap is expected by the end of May 2025, awaiting final confirmation.

The price of EOS rose 25% following news of its rebrand to Vaulta and a shift toward web3 banking. EOS (EOS) gained 25% to $0.

EOS Network has announced a radical transformation: the rebranding to Vaulta and the entry into the Web3 banking sector.

EOS is being dusted with small transactions, spoofing OKX, Binance and other exchanges. The attack arrives just a day after EOS rebranded itself to Vaulta, in a bid to create a Web3 bank.

EOS is trending as one of the top-gaining altcoins today, with its price up 27% in the past 24 hours. According to CoinMarketCap, EOS (EOS) leads the top 100 cryptocurrencies by market cap, ahead of Raydium (RAY) and Maker (MKR).

EOS is currently under attack by malicious actors who are exploiting a technique known as address poisoning.

EOS saw a significant 11.87% surge on Tuesday, reaching $0.5621 by 18:52 (22:52 GMT) on the Investing.com Index. This marks its largest one-day percentage gain since March 18, pushing its market capitalization to $810.96 million, representing 0.04% of the total cryptocurrency market.

EOS Network is transforming into Vaulta, marking a major shift toward Web3 banking. This rebrand includes a token swap planned for late May, positioning Vaulta as a bridge between traditional finance and decentralized banking.

The EOS blockchain is currently under attack by malicious actors employing an address-poisoning scheme.

The cryptocurrency market opened the day on a cautious note as the overall sentiment leaned toward fear. The market cap saw a modest rise of 0.15%, settling at $2.72 trillion. However, trading activity slowed down slightly, with 24-hour volumes dipping by 1.59% to $71.59 billion.

Eager to shake off its past, EOS has rebranded to "Vaulta," with traders speculating on the future of the network's underlying token.

The EOS Network, a blockchain that launched in 2018 amid the initial coin offering boom, has rebranded to Vaulta and will pivot to focusing on Web3 banking. The switch to Vaulta is tentatively scheduled for the end of May and will include a new token and the establishment of an advisory group known as the Vaulta Banking Advisory Council to help with the firm's new direction, the company said in a March 18 statement.

EOS is rebranding to Vaulta as it pivots toward Web3 banking. Alongside this transformation, the platform plans to introduce a new digital asset, allowing EOS holders to exchange their existing tokens on a 1:1 basis for the newly minted currency.

Crypto prices were relatively mixed on Wednesday morning as investors waited for the Federal Reserve interest rate decision. Bitcoin remained above $80,000, while the total market cap of all coins fell to $2.7 trillion. The crypto fear and greed index rose to the fear zone of 21, much higher than the weekly low of 18.

EOS Network announced on March 18 that it will rebrand as Vaulta, marking a strategic shift toward web3 banking as it seeks to integrate decentralized technology with traditional financial systems. The transition, which includes a token swap, is scheduled for late May 2025, pending confirmation.

EOS, the public blockchain launched in 2018 to take on Ethereum, has rebranded to Vaulta as it pivots to “web3 banking.”

The transition includes a token swap and the launch of a banking advisory group.

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.

The company is on a mission to revolutionize blockchain gaming with a sustainable rewards model that benefits loyal players. This fresh funding will fuel the development of innovative Web3 games, starting with Sugar Match, set to launch this summer on Tezos Layer-2, Etherlink.

Skurpy, a new social media hub and NFT marketplace, is set to launch on March 13th, integrating Tezos blockchain technology to offer innovative features for creators and users.

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