2024-07-08
Celo is a blockchain protocol designed with a
mobile-first approach.
Celo is designed to be accessible on
mobile devices, making it easier for people in developing regions to
participate in the blockchain ecosystem.
Users can send and receive payments
using just their phone numbers, without needing complex wallet addresses.
Celo has transitioned from a Layer-1
blockchain to a Layer-2 solution.
On July, 7, 2024, the Celo Foundation has announced the
successful launch of the Dango Layer-2 testnet that pave the way for
Celo’s integration to Ethereum layer-2.
This marks a significant milestone in
cLabs’ efforts to integrate Celo’s blockchain with Ethereum.
The launch invites developers to start
testing the updated code on this new fork of the Alfajores testnet.
The Dango testnet, first proposed
during EthCC 2023, allows developers to transition their projects to this
updated blockchain iteration designed for fast and low-cost global payments.
This launch preserves all historical
data from the Alfajores testnet, including smart contracts, accounts, and
balances.
Built on Optimism’s OP Stack, Dango
maintains the benefits of Celo’s Layer 1 while leveraging a highly scalable and
interoperable blockchain framework.
Following strategic support from the
Eigen Foundation and community backing, Dango uses EigenDA as a data
availability layer to keep transaction fees minimal.
The Layer-2 architecture aims to
maintain low transaction costs and enhance throughput by 50%, decreasing block
time from 5 seconds to 2 seconds.
Dango Layer-2 offers several key
features, including the bridging of WETH and ERC-20 tokens for seamless
transfers between Ethereum and Celo.
It supports CELO token duality,
allowing interaction with CELO natively or via the ERC20 interface, and fee
abstraction, which permits multiple ERC-20 tokens as gas currencies, including
Celo-native $USDT and $USDC.
With the launch of Dango,
infrastructure providers are now upgrading their Layer-2 node code.
Once all key providers have updated to
support the new design, Alfajores will be upgraded without creating a new fork,
allowing developers to test their end-user dApps without impacting user-facing
applications.
The successful completion of this
milestone ahead of the summer 2024 schedule sets the stage for the anticipated
Celo Layer-2 mainnet launch in early winter 2024.
The Celo Foundation and cLabs remain
committed to driving innovation and enhancing the blockchain ecosystem,
ensuring a seamless transition and robust growth for developers and users
alike.
Building on top of OP Stack, Celo will
join Optimism Superchain.
The Optimism Superchain is a network of
blockchains built using OP Stack blockchain development kit from Optimism that
form inter-chain communication between blockchains that built from OP Stack.
These chains share a common technical and
social fabric that ensures the individual chains communicate and function as
one unit. This eliminates the need for bridging or network switching.
The Superchain is a network of L2
chains, known as OP Chains, which share security, a communication layer, and an
open-source technology stack.
However, unlike multi-chain designs,
these chains are standardized and intended to be used as interchangeable
resources.
The launch of the Superchain would
merge OP Mainnet and other chains into a single unified network of OP Chains
(i.e., chains within the Superchain), marking a major step towards bringing
scalable and decentralized compute to the world.
Some of OP Chains such as OP Mainnet,
Base, Celo, Mode, and Worldcoin.