- Celo transitions to Ethereum L2 with 1 seconds block time and $0.0005 fees
- Migration enables native bridging, boosts speed, and lowers security risks
- Vitalik and Coinbase support Celo’s shift to enhance Ethereum integration
After two years of process, the Layer 1 blockchain Celo has officially transitioned to an Ethereum Layer 2 platform as part of an update on March 26. The migration utilizes Optimism’s OP Stack for scaling and EigenDA for data availability. With the activation of the Celo L2 Mainnet at block height 31,056,500, the network is now fully operational, supported by Forno nodes. This major technological shift marks a new phase of growth and deeper integration with the Ethereum ecosystem.
Celo Boosts Speed, Security, and Features With L2 Upgrade
The Celo team celebrated the successful migration, highlighting how it strengthened Celo’s technical framework. The transition enhances interoperability with Ethereum, allowing Celo to better leverage Ethereum’s infrastructure. Despite the shift, Celo maintains its reputation for ultra-low transaction fees of $0.0005 and quick processing times.
The technical advancement introduced block time reduction from 5 seconds down to 1 second. As part of its technological enhancements Celo incorporated native Ethereum bridging to eliminate security risks that stem from using external bridging services.
By bringing its 1,000 projects onto Ethereum through this upgrade, Celo will enhance both network activity and innovation. Celo upholds its foundational components, such as SocialConnect for phone number payments and fee abstraction, which lets users pay fees through ERC-20 tokens. CELO tokens now reside natively on Ethereum, but layer 2 CELO represents the bridged tokens, so Celo continues to establish deep connections with Ethereum’s blockchain network.
Vitalik and Coinbase Back Celo’s Smooth Ethereum L2 Shift
Ethereum co-founder Vitalik Buterin expressed praise for Celo because he saw how the platform brought Ethereum together with improved globalization for cryptocurrency acceptance. The move would boost both the overall ecosystem and decentralized finance growth according to him.
Further, Coinbase provided support to Celo’s migration process by stopping deposits and withdrawals of its native token CGLD temporarily. User CGLD tokens would transform automatically during the migration without any user intervention under the assurance of the exchange. Coinbase requested its users to stop CGLD token deposits since they could delay transaction processing times.
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