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Celo, a blockchain platform, is exploring migrating from its standalone blockchain to an Ethereum (ETH) Layer-2 (L2) community. Originally, Celo had deliberate to make the most of Optimism’s OP Stack, a customizable toolkit much like Polygon (MATIC) however based mostly on Optimism’s know-how.
However, Sandeep Nailwal, co-founder of Polygon Labs, has proposed another solution to the Celo neighborhood. Nailwal suggests leveraging Polygon’s Chain Development Kit (CDK), an open-source toolset that allows the creation of customizable Layer-2 chains powered by zero-knowledge (ZK) know-how.
Celo’s Potential Move To Ethereum Layer-2 Via Polygon
In a current weblog publish, Polygon Labs advised Celo may take into account deploying an Ethereum Layer-2 answer utilizing Polygon CDK.
According to Polygon Labs co-founder Nailwal, this technique would permit Celo to leverage the advantages of being an Ethereum Layer-2 platform whereas preserving the traits which have contributed to its success.
The proposal emphasizes a number of key benefits of adopting Polygon CDK. Firstly, it permits cross-community collaboration by integrating with an ecosystem of Layer-2 options powered by zero-knowledge know-how.
Polygon CDK enhances compatibility with Ethereum by offering an setting equal to the Ethereum Virtual Machine (EVM). This alignment ensures a seamless transition for Celo, intently matching Ethereum’s technical infrastructure and tooling.
Furthermore, based on Nailwal, deploying with the protocol’s CDK provides elevated safety for Celo. It permits Celo to leverage Ethereum’s confirmed consensus layer whereas incorporating the safety advantages of zero-knowledge proofs.
Regarding charges and scalability, Celo can profit from low charges by using the zkEVM validium structure and off-chain information availability supported by Polygon CDK. These options contribute to cost-efficient transactions whereas enabling scalability for Celo’s community.
Moreover, based on Nailwal, Celo good points entry to a unified Layer-2 financial system by changing into part of the Polygon ecosystem by combining Ethereum’s mainnet with Polygon’s ecosystem. This integration creates a seamless expertise for builders and customers, facilitating interplay with each networks.
Fast Transactions And Lower Fees?
With zero-knowledge know-how, Celo customers can get pleasure from near-instant withdrawals, quicker finality instances, and on the spot cross-chain interactivity.
According to the weblog publish, these options improve the velocity, effectivity, and safety of transactions, in the end bettering the person expertise.
Through Polygon CDK, chains can obtain near-instant cross-chain interactivity with Ethereum, leveraging the ability of ZK proofs to determine a safe and interconnected community.
Overall, the proposed migration to Polygon CDK represents a possibility for Celo to transition to an Ethereum Layer-2 answer whereas harnessing the benefits provided by Polygon’s ZK-powered know-how. The proposal goals to provoke discussions between the Celo and Polygon communities to discover the potential advantages for all stakeholders concerned.
It is essential to notice that no closing determination has been made at this stage, and the proposal signifies the start of discussions between the Celo and Polygon communities.
Featured picture from iStock, chart from TradingView.com
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