Celo Unveils Dango Layer 2 Testnet, Embarking On Integration With Ethereum Ecosystem

Celo Unveils Dango Layer 2 Testnet, Embarking on Integration with Ethereum Ecosystem

Last Updated: July 10, 2024By Eunji Lim

Celo has triumphantly initiated its Dango Layer 2 testnet, architected on Optimism’s OP Stack. Following a decisive vote last summer, Celo is poised to metamorphose its Layer 1 blockchain into an Ethereum Layer 2 network. The successful deployment of the testnet signifies a pivotal milestone in this transformative journey.

By leveraging Optimism’s OP Stack, Celo aims to harness enhanced scalability and interoperability, aligning more closely with the robust Ethereum ecosystem. This strategic shift promises to augment transaction efficiency and foster broader adoption, underscoring Celo’s commitment to innovation and community empowerment.

Stay tuned for further developments as Celo continues to forge its path towards a seamless integration with Ethereum, heralding a new era of decentralized finance and blockchain synergy.

Celo, an EVM-compatible blockchain platform, made a strategic decision last July to transition its Layer 1 network into an Ethereum Layer 2 chain. After eight months of meticulous evaluation, the Celo community has elected to construct this Layer 2 network using Optimism’s OP Stack, thereby joining the Optimism “Superchain” ecosystem alongside Base, Zora, Mode, and other Ethereum Layer 2 networks.

With this transition, Celo users will retain the capability to utilize native USDT and USDC stablecoins for gas fees on the new network. The bridging of tokens between Ethereum and Celo will soon become more streamlined, enhancing ease of use and interoperability. Transactions on this revamped network are set to become swifter, with throughput expected to increase by 50% and block time reduced from 5 seconds to 2 seconds, as per Celo’s projections.

Stay attuned for further advancements as Celo progresses towards this pivotal integration, heralding a new era of efficiency and interconnectedness within the blockchain ecosystem.

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About the Author: Eunji Lim

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