Summary
- Celo announced that it completed the migration to Ethereum Layer 2 in about 8 months.
- The Celo Foundation reported that it has been transitioning to Ethereum Layer 2 since the launch of the Layer 2 testnet last September.
- The new Layer 2 Celo is expected to be powered by the OP Stack.
Celo (CELO) has completed its migration to Ethereum (ETH) Layer 2 approximately 8 months after announcing the transition.
On the 26th (local time), according to the cryptocurrency specialist media outlet CoinDesk, the Celo Foundation announced that the migration to Ethereum Layer 2 is almost complete.
Celo is a Layer 1 blockchain network that was launched in July 2023 as a platform providing an environment for running decentralized applications (dApps). However, in September last year, it announced the transition to Ethereum Layer 2 by launching a Layer 2 testnet.
After a total of 8 months, the migration process to Ethereum Layer 2 was completed on this day.
Meanwhile, the new Layer 2 Celo is expected to be powered by the OP Stack.
Uk Jin
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