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With hot competition between layer-2 technology providers like Optimism, Polygon and Matter Labs, Celo's choice is being closely watched by the blockchain industry.
Co-founder of Celo, and CTO of cLabs, Marek Olszewski explained Celo's “coming home moment” in an interview with The Block.
Untangled Finance, a marketplace specializing in tokenized real-world assets, began its operations on the Celo network after successfully raising $13.5 million in venture capital. This recent move aims to introduce tokenized private credit into the world of blockchain, as revealed by the firm.
In this week's issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide the technology for the Celo blockchain's new network
Matter Labs on Friday unveiled its proposal to Celo (CRYPTO: CELO), noting the potential of its ZK Stack for a seamless Layer 2 blockchain migration. Omar Azhar, head of business development of Matter Labs, emphasized in a post the modular and open-source nature of the ZK Stack, a framework crafted to develop custom hyperchains.
However, Polygon Labs co-founder Sandeep Nailwal suggested Celo consider using Polygon's CDK for the deployment.
Polygon Labs' Sandeep Nailwal suggested Celo could consider the deployment using Polygon CDK.
Celo, a blockchain platform, is exploring migrating from its standalone blockchain to an Ethereum (ETH) Layer-2 (L2) network. Originally, Celo had planned to utilize Optimism's OP Stack, a customizable toolkit similar to Polygon (MATIC) but based on Optimism's technology.
Polygon Labs has proposed a technical upgrade for Celo, transitioning from an independent EVM-compatible L1 to an Ethereum L2. The proposal uses the Polygon Chain Development Kit (CDK), an open-source toolset that allows developers to create a ZK-powered L2 for Ethereum.
Polygon Labs has suggested that the Celo blockchain community utilize its Chain Development Kit (CDK) for their upcoming Layer 2 transition on Ethereum.
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.
Polygon Labs tries to convince Celo to use the CDK instead of Optimism's OP stack.
Polygon Labs offered the Celo community a proposal to integrate its Chain Development Kit for the transition to Ethereum Layer 2.
Web platform Opera just launched a stablecoin wallet built on the Celo blockchain, that aims to onboard mobile users across the continent of Africa to Web3. Celo co-founder Rene Reinsberg shares insights into the rollout and the implications for the state of crypto innovation and adoption across Africa.
Celo's inclusion with Opera's MiniPay wallet augurs well for Africa's expanding digital finance sector.
In a groundbreaking collaboration between Opera and the Celo Foundation, a new era of digital finance is dawning in Africa. MiniPay, a user-centric blockchain wallet seamlessly integrated into Opera Mini, is set to transform how individuals across the continent access, send, and receive stablecoins using just their mobile phone numbers.
Built into Opera Mini, the MiniPay self-custodial stablecoin wallet sends and receives transactions in less than 5 seconds, Celo claims.
Celo Foundation announced that Google Cloud is running a validator on the Celo network, which is helping to strengthen the overall security of the network.
This collaboration is a significant step for both Celo and Google Cloud, and marks the tech giant's further venture into blockchain and Web3 technology
Google Cloud is now operating a validator on the Celo Network, a layer-1 blockchain which aims to bring a mobile-first experience to Web3 users.
Google Cloud is now running a validator on Celo Network, an Ethereum virtual machine-compatible, layer-1 blockchain designed to bring a mobile-first experience to Web3 users.
The cloud service joins Deutsche Telekom and other ecosystem contributors to participate in validating the Celo platform.
The change seeks to simplify liquidity sharing between Celo and Ethereum while boosting security.
C Labs, the development team behind the Celo blockchain, has unveiled a proposal to transition from being an independent layer-1 blockchain to a layer-2 solution on Ethereum. The decision was announced on Twitter, following extensive research and discussions with members of both communities.
