Celo blockchain proposes return to Ethereum ecosystem, transition to L2

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Celo blockchain proposes return to Ethereum ecosystem, transition to L2
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  • 📰 Cointelegraph
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According to cLabs, end-users would not be affected by the migration, and CELO token holders would retain control over core contracts.

CLabs, the organization responsible for developing the Celo blockchain, isto return to the Ethereum ecosystem by transitioning from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2 solution.

Other key differentiating factors would include an off-chain data availability layer operated by Ethereum node operators and protected by restaked Ether , along with transforming current validators into decentralized sequencers for L2.

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