2023-07-18
cLabs, an organization that develop Celo blockchain announced that Celo will have a transition from running its own
blockchain to become Ethereum Layer 2 blockchain. Celo will implement OP Stack
to create the new layer 2.
Celo is an EVM-compatible blockchain. Celo
said by transition to be a layer 2 blockchain, it will be easier for development. OP Stack already developed tools for
blockchains and dApps as well as having high security. It enables Celo to focus
on developing mobile experience for users. Celo aims to be the most mobile-friendly
cryptocurrency.
Celo is 114th largest crypto
by market cap. It has fully diluted market cap of $550 million and a max supply
of 1 billion CELO.
