Celo Proposes to Ditch Own Standalone Blockchain for Layer-2 Network on Ethereum

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Celo Proposes to Ditch Own Standalone Blockchain for Layer-2 Network on Ethereum
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The development team behind the independent Celo blockchain says benefits could accrue from transitioning to the Ethereum ecosystem, in terms of greater liquidity, improved security and more compatibility LedesmaLyllah reports

“Using an off-chain data availability solution like EigenDA would prevent a steep increase in Celo transaction fees in a way that contributes to Ethereum,” said the blogpost.

CELO, the native token of the blockchain, jumped almost 10% on Monday, reaching a two-week high of $0.59. The token has gained just under 45% over the last month., writing “Amazing, and excited to see this!,” and he offered some technical suggestions to consider.Celo has seen its transaction growth increase substantially over the past few months, according to

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