Celo becomes Ethereum L2 with Optimism rollup implementation

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He highlighted that Ethereum “has the greatest network effects of any chain,” adding:“Layer 1s with liquidity fragmentation can instead tap into the largest pool of liquidity available, the ETH layer 1s.“Olszewski also shared his enthusiasm over the transition to the OP tech stack, saying it allows for “deeper composability with Ethereum-native apps and protocols.” The new system is also significantly simplified, with 365,000 fewer lines of code — decreasing attack surface and, according to him, leading to a lighter, cleaner and faster codebase.

Celo L2 also offers one-second block times and near-instant confirmations.“Related: A beginner’s guide to understanding the layers of blockchain technologyLeveraging Ethereum’s network effectsIrfan Shaik, founder of rollup protocol Interstate, also recognized the change as positive for the protocol.

Marek Olszewski, CEO of Celo developer cLabs, told Cointelegraph that “migrating to an Ethereum L2 enhances Celo’s security and scalability.” He added:“Celo transactions are now anchored to Ethereum, inheriting its battle-tested economic security and decentralization.

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Article Details

Author / Journalist: Cointelegraph by Adrian Zmudzinski

Category: Crypto

Markets: United States

Topics: Blockchain Layer Protocol Optimistic Celo Layer-1 Ethereum Transactions Rollups Chain Layer-2

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 15:05:33 (5 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27354726

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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News Last Updated: 10 hours ago

Coverage Areas: United States

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Publisher ID: #11

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