cLabs Proposes a Celo Transition to an Ethereum L2 Protocol

• cLabs is planning to return Celo to the Ethereum community.
• The monetary firm requires suggestions on the proposed transition from the Celo group.
• Celo will leverage the OP Stack to change into an Ethereum Layer 2 protocol.

Celo, the carbon-negative, permissionless, layer 1 blockchain for constructing progressive Web3 dapps, is returning to the Ethereum community. cLabs, the monetary firm behind Celo, has launched a proposal on this regard, calling for suggestions and dialogue on the topic from the Celo group.

In line with the proposal, cLabs plans to return Celo to Ethereum by “transitioning from an impartial EVM-compatible Layer 1 blockchain to an Ethereum Layer 2.” By transitioning to Ethereum, Celo will leverage the OP Stack to change into an Ethereum Layer 2 protocol. 

The cLabs group defined that the transition would introduce vital differentiators. It talked about differentiators like a decentralized sequencer powered by Celo’s current validator set operating Byzantine Fault Tolerance consensus. It additionally famous that the transition will allow an off-chain knowledge availability layer powered by EigenLayer and EigenDA. Ethereum node operators will function the supply layer which can be protected by restaked ETH. 

In line with cLabs, EigenDA brings the design of danksharding to Ethereum early and can allow Celo to keep up its low charges. The transition can even introduce a design that retains Celo’s 1-block finality.

cLabs defined to the Celo group that the migration course of from an EVM-compatible L1 to an Ethereum L2 could be a technical improve that doesn’t influence the Celo ecosystem’s mission to create circumstances of prosperity for all. It famous that the proposed change would enable the Celo ecosystem to proceed fostering a financially inclusive group and construct brazenly within the spirit of Web3. It’ll additionally help the introduction of real-world use instances to the Ethereum ecosystem.

cLabs notified the Celo group of a few of the advantages related to the proposed migration. They embody additional Ethereum alignment and EVM compatibility that will foster a seamless developer expertise. It’ll additionally improve stronger safety assurances than Celo gives individually and a trustless bridge to Ethereum that will simplify liquidity sharing between Celo and Ethereum.