Celo ended the deportation from the independent L1 platform to Ethereum L2 Blockchain.
The transition is a major landmark in the development of CELO, and improves the process of intercourse, safety and the entire ecosystem while ensuring sustainability and easy access.
Country counting platform Completed immigration appears on March 26, with the activation of Mainnet Celo Layer2 at an altitude of 31056500.
The project developer, Clabs, foot Lesson proposal in July 2023 to enhance financial inclusion and innovation Web3.
Through this change, the CELO ecological system can continue to strengthen a comprehensive and publicly comprehensive community with the spirit of web3, which makes the real world’s use to the ethereum ecosystem.
Why immigration is crucial?
The transition brings multiple benefits to the CELO community and developers.
The new Blockchain layer will benefit from ETHEREUM capabilities to enhance efficiency and expansion while reducing transactions.
Moreover, CELO will reach a strong developed community, ensuring continuing innovations and DAPP adoption.
CELO was independent and compatible with EVM before deportation today.
While this guaranteed flexibility, CeO developers had to maintain the consensus for the platform and security.
As the ETHEREUM 2 layer, CELO will now benefit from the strong security infrastructure of Ethereum.
Other updates in the transition to L2 include reducing mass times from 5 to 1 second and implementing an original dam with the second largest Blockchain depending on the maximum market.
The goals of the bridge increased security as it reduces dependence on external solutions, which were subject to exploitation.
What next?
With the completion of the transition, CELO will give priority to adoption, enhance the community of developers and strategic cooperation.
More interactions with ether projects and transactions across the series will improve the user experience.
The transition is welcomed by a new era to CeO, which enhances its position as a major player in the Blockchain and ethereum ecosystem.
With a sophisticated Blockchain scene, Cello moves to L2 Celo mode for stability and long -term growth.
Developers and users can be ready to examine the updated arterial system dealing with the features that have been promoted from CELO.
These may include DEFI opportunities and smart contract capabilities.
Celo Price Outlook
Altcoin 2.57 % gained in the 24 hours prior to trading at $ 0.3961.
It offers a family position after an increase of more than 10 % during the past week.
While the prevailing momentum signals are the largest gains, a 14 % decrease in 24 -hour trading signals reduced trading activity.
Meanwhile, the performance of the prevailing encryption market can affect CELO movements near the range.
Bitcoin is trading above 87 thousand dollars, with a look at the decisive mark at $ 90,000.
Analyst Michael Van de Bob expects to continue up.
It is very likely that we will go up to a longer period as the majority expects. During severe declining periods, people generally do not give a 5 % chance that the markets rise, just as they do not expect the markets to be corrected when things go vertically.
CELO lovers should see market feelings, upcoming ecosystem developments, and wide Crypto trends to determine the potential direction of Alt.
PosT Celo’s Evolution: Immigration to Ethereum L2 full first on Invezz
