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Celo's temperature check proposal on "Transition to Ethereum L2" has started voting and will end on August 1st.
2023-07-25 11:36
Odaily News: Celo's proposal for "Transition to Ethereum L2" has initiated a community vote, which will conclude on August 1st, with current support at 100%. This proposal is a community vote to support Celo's transition from an independent EVM-compatible Layer 1 to Ethereum Layer 2, without voting on the architecture or design choices on how to achieve the goal of becoming Layer 2.

Earlier news: The Celo development team at cLabs introduced a new proposal suggesting Celo's transition from an independent EVM-compatible L1 blockchain to Ethereum L2. The proposal outlines the initial architecture of the Celo blockchain utilizing OP Stack to become Ethereum L2, with key differences including:

- Byzantine Fault Tolerance consensus operated by a decentralized orderer supported by Celo's existing validator set.

- Off-chain data availability layer, supported by EigenLayer and EigenDA, operated by Ethereum node operators and secured by re-staked ETH. EigenDA introduced the concept of data sharding to Ethereum early on, allowing Celo to maintain its low fees.

- This design preserves Celo's 1-block finality.

The main benefits of transitioning to L2 include:

- Further Ethereum compatibility and EVM support, providing a seamless developer experience.

- Stronger security guarantees compared to standalone Celo.

- Trustless bridging to Ethereum, simplifying liquidity sharing between Celo and Ethereum.

From the community's perspective, existing DApps will not undergo changes, including mobile-first features (such as SocialConnect) and the evolving DeFi stack. Additionally, the Celo validator community will continue to play a crucial role in operating the network.