Celo considers Ethereum Layer-2 move with Polygon chain.
Celo, a blockchain platform, is considering a migration from its current standalone blockchain to an Ethereum (ETH) Layer-2 (L2) network. Initially, Celo had planned to use Optimism's OP Stack, which is a customizable toolkit similar to Polygon (MATIC) but based on Optimism's technology.
However, Sandeep Nailwal, the co-founder of Polygon Labs, has presented an alternative solution to the Celo community. Nailwal has suggested utilizing Polygon's Chain Development Kit (CDK), an open-source toolset that enables the creation of customizable Layer-2 chains powered by zero-knowledge (ZK) technology. Celo considers Ethereum Layer-2 move with Polygon chain.
Celo’s Potential Move To Ethereum Layer-2 Via Polygon
Polygon Labs has suggested that Celo could benefit from deploying an Ethereum Layer-2 solution using Polygon CDK in a recent blog post. The co-founder of Polygon Labs, Nailwal, believes that this strategy would allow Celo to take advantage of the benefits of being an Ethereum Layer-2 platform while preserving the characteristics that have contributed to its success.
The proposal highlights several key advantages of adopting Polygon CDK, including cross-community collaboration through integration with an ecosystem of Layer-2 solutions powered by zero-knowledge technology. Polygon CDK also enhances compatibility with Ethereum by providing an environment equivalent to the Ethereum Virtual Machine (EVM), ensuring a seamless transition for Celo and closely matching Ethereum's technical infrastructure and tooling.
Additionally, Nailwal believes that deploying with the protocol's CDK offers increased security for Celo, allowing Celo to leverage Ethereum's proven consensus layer while incorporating the security benefits of zero-knowledge proofs. In terms of fees and scalability, Celo can benefit from low fees by utilizing the zkEVM validium architecture and off-chain data availability supported by Polygon CDK. These features contribute to cost-efficient transactions while enabling scalability for Celo's network.
Furthermore, Celo gains access to a unified Layer-2 economy by becoming part of the Polygon ecosystem, combining Ethereum's mainnet with Polygon's ecosystem. This integration creates a seamless experience for developers and users, facilitating interaction with both networks.
Fast Transactions And Lower Fees?
With the implementation of zero-knowledge technology, Celo users can experience the benefits of near-instant withdrawals, faster finality times, and immediate cross-chain interactivity. These features have been designed to enhance the speed, efficiency, and security of transactions, ultimately improving the overall user experience.
By utilizing the Polygon CDK, chains can achieve near-instant cross-chain interactivity with Ethereum, leveraging the power of ZK proofs to establish a secure and interconnected network.
The proposed migration to Polygon CDK presents an opportunity for Celo to transition to an Ethereum Layer-2 solution while taking advantage of Polygon's ZK-powered technology. The goal of this proposal is to initiate discussions between the Celo and Polygon communities to explore the potential benefits for all stakeholders involved.
It is important to note that no final decision has been made at this stage, and the proposal signifies the beginning of discussions between the Celo and Polygon communities.
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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.