- The Celo governance discussion board suggests utilizing OP Stack because the structure.
- The change could be useful as it will improve safety whereas holding gasoline costs low.
By transferring from an unbiased EVM-enabled Layer 1 blockchain to an Ethereum Layer 2 resolution, CLabs, the corporate behind the Celo blockchain, hopes to hitch the Ethereum ecosystem.
A proposal mentioned on Celo’s governance discussion board suggests utilizing OP Stack because the structure to develop into an Ethereum L2 blockchain. Thus, “it’s simple for Celo builders to make use of the complete set of Ethereum instruments/libraries” by eliminating the necessity to observe composability of instruments and libraries by means of upgrades.
Helpful swap
Differentiating options embody repurposing current validators as decentralized sequencers for L2. In addition to an off-chain information availability layer managed by Ethereum node operators and secured utilizing reconstituted Ether (ETH).
The principle distinction between a layer 1 blockchain and a layer 2 blockchain lies of their supposed use. Whereas Tier 1 networks are supposed to function with out outdoors assist. Tier 2 options are created to enhance the effectivity of Tier 1 blockchains.
It was mentioned the change could be useful as it will improve safety whereas holding petrol costs low. Customers wouldn’t discover any modifications if the plan was accepted. And CELO token holders would retain voting rights on core protocol agreements. CELO tokens may also be used to pay for gasoline.
The change could have unintended penalties for the Celo ecosystem, regardless of its obvious technical nature. In response to the discussion board dialogue, this might pave the way in which for extra liquidity between Celo and the opposite chains, however it will additionally incur further expense for the sequencers within the type of charges on the information availability layer and on Ethereum fuel. Neither is it apparent that the advantages for sequencers could be the identical because the rewards for present validators.
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