The post Celo Finally Becomes Ethereum L2 After Two Years of Hustling appeared on BitcoinEthereumNews.com.

Key Notes Celo has become a layer-2 network on the Ethereum blockchain. The migration comes nearly two years after the initial proposal. Celo’s native token gains bullish momentum . Celo, which was first launched as a proof-of-stake layer-1 blockchain in April 2020, has officially become an Ethereum layer-2 network after its long-awaited hard fork.  🏡 @Ethereum, we’re home! Following a successful “hard hard fork” led by core contributors at @cLabs & L1 validators, Celo is officially an Ethereum Layer 2 🪨 🪨 🍴 What does that mean for the diverse, global decentralized ecosystem? Keep reading to find out ↓ pic.twitter.com/slW1W5oRmP — Celo.eth 🦇 🌳 (@Celo) March 26, 2025 The successful migration was completed nearly two years after Celo’s initial proposal in July 2023. In April 2024, cLabs, the developer behind Celo, proposed to utilize Optimism’s OP Stack, an open-source framework for building L2 networks, for developing the new L2 blockchain. And they did it. Earlier today, Celo started its transition by halting its L1 block production. At around 04:10 UTC, cLabs announced that the “block production has officially resumed on Celo L2,” hinting at a successful migration. ✅ Block production has officially resumed on Celo L2. Next up: Public RPC (Forno) and indexers coming online — stay tuned. — cLabs | ⋐•𝕃 (@cLabs) March 26, 2025 Celo claims that the transition to L2 came as its ecosystem grew to over 1,000 projects in over 150 countries. According to the X post, the network has around 11 million active addresses and has processed more than 720 million transactions in its nearly five-year journey. Thanks to the OP Stack framework, the new Celo L2 has decreased its block times from 5 seconds to 1 second. The L2 network benefits from Ethereum’s security and Optimism’s speed. Celo now supports the Ethereum-native cross-chain bridging…

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Filed under: News - @ March 26, 2025 12:29 pm