Why can Celo move from Layer 1 to Layer 2?
CLabs first stated its intention to migrate to Layer-2 in July 2023.
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CLabs first stated its intention to migrate to Layer-2 in July 2023.
This important milestone aims to empower developers in the Celo ecosystem to lead innovation in real-world applications in Web3 by granting them access to critical on-chain data.
Stablecoin issuer Circle is bringing USD Coin (USDC) to the Celo (CELO) blockchain, fostering a strategic alliance to enhance stablecoin accessibility. This move aligns with Celo's vision of becoming a leader in real-world adoption, showcasing potential for further innovations in the evolving crypto landscape.
As part of this migration, Crypto Unicorns users can expect all transactions associated with the platform to be free, leveraging the already cost-effective gas on the XAI network.
cLabs, the developer behind Celo blockchain, has announced plans to transition the platform to be an Ethereum layer-2 network.
Ecosapiens, a tech collective focused on creating eco-friendly products for businesses and consumers, has revealed a fresh enterprise solution: tailored digital collectibles that empower businesses to balance their carbon emissions.
OpenSea estimates that users can save 35% in gas costs by optimizing transaction efficiency.
The firm estimated that users can save 35% on gas fees with newly optimized transaction efficiency.
It was the first time the Celo mainnet had gone down in more than two years.
Web3 opens up a huge room for imagination and development for newcomers to Web2, and the experience output of Web2 builders helps Web3 create killer applications that serve hundreds of millions of users.