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The Celo blockchain currently seeks to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution.

The Celo blockchain's developers, CLabs, proposes migrating from an independent layer-1 blockchain to an Ethereum layer-2 solution.

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.

Layer 1 blockchain Celo has proposed to return to the Ethereum ecosystem as a Layer 2 protocol. But some community members are questioning the decision.

The Ethereum 2 Layer will enable the creation of new opportunities for integration and collaboration with the Ethereum network. The proposal discussion is set to take place at a management call scheduled for the 21st of July.

cLabs, the organization behind the development of the Celo blockchain, has put forth a proposal to move Celo from being

Celo, a mobile-first and EVM-compatible blockchain network, has announced a proposal for an upgraded that could see the Layer 1 platform transition into an Ethereum Layer 2 protocol.

The primary architect of the Celo blockchain, cLabs, plans to “return home” as an Ethereum layer-2 network using the Optimism stack.

cLabs, the core developer behind the Celo blockchain, has proposed migrating from Layer 1 to Layer 2 solution on Ethereum to improve security guarantees.

According to cLabs, the Celo transition would include leveraging OP Stack as the architecture to become an Ethereum L2 blockchain.

Bitcoin (CRYPTO: BTC) moved slightly higher, with the cryptocurrency prices trading above the key $31,000 level on Monday. Ethereum (CRYPTO: ETH), also traded higher, topping the key $1,900 mark this morning.

In a significant development for the crypto and blockchain industry, Chainlink (LINK) Data Feeds have been officially integrated into the Celo network.

In April, Celo joined Chainlink Scale to access the data provider's oracle services at a low cost.

Animoca Brands, a prominent player in the Web3 and crypto gaming space, recently announced its partnership with Celo, a mobile-first, carbon-negative blockchain ecosystem.

Animoca Brands, a company responsible for advancing digital property rights for gaming and the metaverse, has announced its partnership with Celo, a carbon-negative blockchain ecosystem.

It is worth mentioning that CHZ is an ERC-20 token that runs on the Ethereum-based Chiliz blockchain. The token is used by users as currency to purchase NFTs on the Chiliz fan token marketplace.

Remember that Celo is a platform that serves as a global payment infrastructure for cryptocurrencies, targeting mobile users. In fact, Celo's goal is to make financial activity accessible to everyone globally by allowing payments to be sent to and from any phone number in the world.

More than 90 Celo community members voted in favor of joining the Chainlink Scale program and only three voted against.

Celo, the carbon-negative, mobile-first EVM-compatible layer-1 blockchain is now integrated with Safe, the self-custody infrastructure provider and trusted decentralized custody protocol. Users and builders can now use Safe's custody and asset management solution “natively on the Celo blockchain.

The Celo Foundation is pleased to announce a new partnership with Google Cloud in order to bolster the growth of mission-aligned projects in Celo's blockchain ecosystem and to expand the early adoption of Google Cloud services.

Both Google Cloud and Celo would be addressing the key challenges faced by the sustainability-focused startups in the Celo Network.

Celo Foundation and Google Cloud have joined forces to propel projects in Celo's blockchain ecosystem and encourage the early adoption of Google Cloud services.

Participants of Celo's Founders in Residence program and developers on the Layer-1 protocol will receive guidance and services.

The collaboration is set to allow founders building on Celo to access credits for Google Cloud and Google's mobile development platform, Firebase.