Ceo, Blockchain, which was launched in 2020, has officially moved from layer -1 to Ethereum Layer -2.
Silo announced the successful transition on March 26 x mailHe said, “Cello is officially Ethereum Layer 2.” In the thread, the Foundation claimed that the new protocol has one second block, the costs of sub -transactions, USDT (USDT) and USDC (USDC) as a gas.
Silo first suggested this transition in the summer of 2023, and it has now been completed after stopping the production of the block on the old Layer-1 platform and continued on the new network. The new statute depends on the staple of optional protocol technology and the optimistic Rollups application.
source: Silo
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Optimistic architecture
Rollups Blockchain is layer scaling solutions -2 designed to collect multiple transactions off the main Blockchain, which reduces congestion and lowering transaction fees. Rollups optimistic about its names reaches that Offchain transactions are virtually valid, as they resort only to fraud during the challenge period if the contradictions are discovered on the main series.
“Immigration to Ethereum L2 enhances CELO security and expansion,” Maric Olsziuski, CEO of Celo Clabs, told Cointelegraph. He added:
“CELO’s transactions are now based on ETHEREUM, genetically economic security that has been tested in battle and decentralization. Ceo L2 also offers single block times and semi -fixed assurances.”
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Take advantage of the effects of the ethereum network
Erfan Shayk, founder of the Rollop Protocol, also realized that it changed as positive for the protocol. He highlighted that Ethereum “has the largest network effect of any series,” adding:
“1 layer with liquidity segmentation can be used instead in the largest collection of available liquidity, ETH 1S layer.”
Olszewski also shared his enthusiasm for moving to the Tec Op Mix, saying that it allows “deeper formation with ETHEREUM maneuvering and protocols. The new system has been greatly simplified, with 365,000 lines less than code – reducing the surface of the attack, and according to it, leading to the base of a lighter code weight and faster.
He also highlighted that the promotion maintained the history of the CeO series near five years and was implemented in an unreliable manner. The distinctive symbol was also transferred to Ethereum Blockchain, which Olszewski has indicated reasonably increased its liquidity. Clear:
“What this means is that CELO becomes the ETHEREUM layer with full alignment 2- by architecture, the ecological and important system.”
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