The post Celo Foundation: cLabs Introduces Dango, a New Layer-2 Testnet for Celo appeared on BitcoinEthereumNews.com.

The Celo Foundation has announced the successful launch of the Layer-2 testnet, Dango, developed by core contributor cLabs. This development marks a significant milestone in the evolution of the Celo blockchain ecosystem, according to Celo Foundation. Transition to Layer-2 Originally proposed during EthCC 2023, the transition to Dango involves forking the Alfajores testnet. This move allows ecosystem developers to begin migrating their projects to the new Layer-2 blockchain, which is designed for fast, low-cost payments globally. The migration ensures that all historical data, including smart contracts, accounts, and balances from Alfajores, are preserved and carried over. Technical Specifications Dango is built upon Optimism’s OP Stack, a modular and open-source framework for scalable and interoperable blockchains. This architecture supports the Optimism Superchain and incorporates EigenDA as an alternative data availability layer to maintain sub-cent transaction fees. The testnet aims to improve on several core aspects of Celo’s Layer-1 (L1) blockchain, including: Bridging of WETH and ERC-20 tokens between Ethereum and Celo Decreasing block time from 5 seconds to 2 seconds, increasing total throughput by 50% Maintaining 1-block finality CELO token duality, allowing interaction natively or via the ERC20 interface Fee Abstraction, supporting multiple ERC-20 tokens as gas currencies, including USDT and USDC Sending money to a phone number, email address, or other social identifiers via SocialConnect Maintaining low gas fees for greater accessibility and adoption Higher security bridging to Ethereum for asset transfers Continuing Celo’s commitment to Ultragreen Money Future Outlook The successful launch of Dango enables infrastructure providers to upgrade to the latest Layer-2 node code. Once all key infrastructure providers have updated, the Alfajores testnet will be upgraded without creating a new fork, allowing developers to test their end-user dApps. The cLabs team anticipates that the migration will culminate in the launch of the Celo Layer-2 mainnet by early…

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Filed under: News - @ July 7, 2024 4:18 pm