Celo, which is ditching its standalone blockchain in favor of a new 'layer-2' network atop Ethereum, had originally signaled plans to rely on Optimism's OP Stack, a similar customizable kit to Polygon's but using Optimism’s “optimistic” technology.
” technology. Coinbase’s new Base blockchain is built on the OP Stack, a so-far successful launch that has helped to position the Optimism tech as a top contender in the arena.
Celo may be inclined to consider the Polygon proposal as well as potentially other project teams that might float their own competing offers: “Frankly, would not be surprised to see other stacks chime in too,” a person close to the Celo ecosystem told CoinDesk. "Looking forward to having us discuss this here in more detail with cLabs team and the broader community!" Celo co-founder Rene Reinsberg wrote inWhat’s at stake is the race for a first-mover or leading position among teams competing to provide the dominant technology for Ethereum’s rapidly growing world of interconnected layer-2 networks – pitched by none other than Ethereum co-founder Vitalik Buterin as the primary strategy for making transactions cheaper and faster across the...
So landing Celo, which currently runs its own standalone blockchain but has plans to migrate into an Ethereum layer-2 network, could represent a coup for whichever layer-2 project team wins the mandate – not just in revenue potential but bragging rights. Layer 2 blockchains have been battling it out over the past few months to get projects to make use of their blockchain kits, releasing free tools for developers to clone their codebases to create their own customizable blockchains.
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