Celo Considers Transitioning To Ethereum Layer-2 With Polygon Chain

Celo Considers Transitioning To Ethereum Layer-2 With Polygon Chain

Celo, a blockchain platform, is exploring migrating from its standalone blockchain to an Ethereum (ETH) Layer-2 (L2) community. Initially, Celo had deliberate to make the most of Optimism’s OP Stack, a customizable toolkit just like Polygon (MATIC) however primarily based on Optimism’s know-how. 

Nevertheless, Sandeep Nailwal, co-founder of Polygon Labs, has proposed an alternate solution to the Celo neighborhood. Nailwal suggests leveraging Polygon’s Chain Growth Equipment (CDK), an open-source toolset that permits the creation of customizable Layer-2 chains powered by zero-knowledge (ZK) know-how.

Celo’s Potential Transfer To Ethereum Layer-2 By way of Polygon

In a latest weblog publish, Polygon Labs advised Celo might think about deploying an Ethereum Layer-2 answer utilizing Polygon CDK. 

Based on Polygon Labs co-founder Nailwal, this technique would enable Celo to leverage the advantages of being an Ethereum Layer-2 platform whereas preserving the traits which have contributed to its success.

The proposal emphasizes a number of key benefits of adopting Polygon CDK. Firstly, it permits cross-community collaboration by integrating with an ecosystem of Layer-2 options powered by zero-knowledge know-how. 

Polygon CDK enhances compatibility with Ethereum by offering an surroundings equal to the Ethereum Digital Machine (EVM). This alignment ensures a seamless transition for Celo, intently matching Ethereum’s technical infrastructure and tooling.

Moreover, based on Nailwal, deploying with the protocol’s CDK gives elevated safety for Celo. It permits Celo to leverage Ethereum’s confirmed consensus layer whereas incorporating the safety advantages of zero-knowledge proofs. 

Relating to charges and scalability, Celo can profit from low charges by using the zkEVM validium structure and off-chain information availability supported by Polygon CDK. These options contribute to cost-efficient transactions whereas enabling scalability for Celo’s community.

Furthermore, based on Nailwal, Celo good points entry to a unified Layer-2 financial system by changing into part of the Polygon ecosystem by combining Ethereum’s mainnet with Polygon’s ecosystem. This integration creates a seamless expertise for builders and customers, facilitating interplay with each networks.

Quick Transactions And Decrease Charges? 

With zero-knowledge know-how, Celo customers can get pleasure from near-instant withdrawals, quicker finality occasions, and prompt cross-chain interactivity. 

Based on the weblog publish, these options improve the velocity, effectivity, and safety of transactions, in the end bettering the person expertise.

By way of Polygon CDK, chains can obtain near-instant cross-chain interactivity with Ethereum, leveraging the ability of ZK proofs to ascertain a safe and interconnected community.

General, the proposed migration to Polygon CDK represents a possibility for Celo to transition to an Ethereum Layer-2 answer whereas harnessing the benefits provided by Polygon’s ZK-powered know-how. The proposal goals to provoke discussions between the Celo and Polygon communities to discover the potential advantages for all stakeholders concerned.

You will need to be aware that no remaining resolution has been made at this stage, and the proposal signifies the start of discussions between the Celo and Polygon communities.

MATIC’s retrace on the each day chart. Supply: MATICUSDT on TradingView.com

Featured picture from iStock, chart from TradingView.com

Ronaldo Marquez Read More