cLabs has launched a new proposal suggesting a transition for Celo from being an independent EVM-compatible L1 blockchain to an Ethereum L2 solution.
2023-07-16 04:19
Odaily News: Celo development team cLabs has initiated a new proposal, suggesting that Celo transitions from its independent EVM-compatible L1 blockchain to Ethereum L2. After months of research by the cLabs team and initial discussions among core Celo and Ethereum community members, the proposal details the architecture of Celo blockchain initially utilizing OP Stack to become an Ethereum L2, with key differences including:
- Decentralized ordering with Byzantine Fault Tolerance consensus supported by the existing set of Celo validators.
- Off-chain data availability layer supported by EigenLayer and EigenDA, operated by Ethereum node operators and protected by re-deposited ETH. EigenDA introduced the design of data sharding to Ethereum early on, allowing Celo to maintain its lower fees.
- This design preserves Celo's 1-block finality.
Migrating from an EVM-compatible L1 to Ethereum L2 will be a technical upgrade that does not impact the mission of the Celo ecosystem but accelerates the process of achieving this goal. By deploying this proposal, the Celo ecosystem can continue to nurture a financially inclusive community, build openly with the spirit of Web3, and bring real-world use cases into the Ethereum ecosystem. At the same time, the proposal has the potential to significantly enhance the scope and impact of the Celo blockchain. The key benefits of migrating to L2 include:
- Further Ethereum consistency and EVM compatibility, providing a seamless developer experience.
- Stronger security guarantees compared to standalone Celo.
- A trustless bridge to Ethereum, simplifying liquidity sharing between Celo and Ethereum.
From the community's perspective, existing DApps, including mobile-first features like SocialConnect and the evolving ReFi stack, will remain unchanged. Additionally, the Celo validators community will continue to play a critical role in operating the network.
The community will hold a governance call on July 21st (Pacific Time) and initiate a temperature check governance proposal afterwards.
- Decentralized ordering with Byzantine Fault Tolerance consensus supported by the existing set of Celo validators.
- Off-chain data availability layer supported by EigenLayer and EigenDA, operated by Ethereum node operators and protected by re-deposited ETH. EigenDA introduced the design of data sharding to Ethereum early on, allowing Celo to maintain its lower fees.
- This design preserves Celo's 1-block finality.
Migrating from an EVM-compatible L1 to Ethereum L2 will be a technical upgrade that does not impact the mission of the Celo ecosystem but accelerates the process of achieving this goal. By deploying this proposal, the Celo ecosystem can continue to nurture a financially inclusive community, build openly with the spirit of Web3, and bring real-world use cases into the Ethereum ecosystem. At the same time, the proposal has the potential to significantly enhance the scope and impact of the Celo blockchain. The key benefits of migrating to L2 include:
- Further Ethereum consistency and EVM compatibility, providing a seamless developer experience.
- Stronger security guarantees compared to standalone Celo.
- A trustless bridge to Ethereum, simplifying liquidity sharing between Celo and Ethereum.
From the community's perspective, existing DApps, including mobile-first features like SocialConnect and the evolving ReFi stack, will remain unchanged. Additionally, the Celo validators community will continue to play a critical role in operating the network.
The community will hold a governance call on July 21st (Pacific Time) and initiate a temperature check governance proposal afterwards.
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