Altcoin Founder Wants to Return to the Ethereum Network: Explained Why!

Marek Olszewski, CTO of cLabs, Celo’s co-founder and main developer, shared the details behind Celo’s (CELO) migration to Ethereum (ETH) layer-2.

The Celo team launched their blockchain last July. from layer-1 (L-1) on Ethereum to layer-2 (L-2) had announced plans to pass. One of the founders of the project Marek Olszewski About this topic to The Block He made detailed explanations.

a16z-powered core developer behind the Celo blockchain CTO of cLabs serving as olszewskistated that this step will position Celo as part of a larger Ethereum scaling initiative.

Transition to Layer-2 is aand the moment of return The co-founder stated that more technical frameworks about the transition will be published in the coming weeks.

On the other hand, for the transition belongs to Optimism (OP) OP Stack There was a suggestion from cLabs regarding its use, but this issue has not been decided yet. Among those making offers to move to the Celo team were zkSync developer Matter Labs and Polygon Labs.

Olszewski summarized the situation with the following statements:

We saw this as a homecoming moment that the Celo community has been thinking about for some time, and that wasn’t possible until recent Layer-2 research advances like EigenDA (Ethereum compatible data availability protocol), making it possible for Celo to maintain low gas fees as a Layer-2. In the coming weeks, we will release a framework that will help us make the most technically sound choice without compromising the needs of our community and ecosystem.

Marek Olszewski mobilization While stating that it would be a critical step for the company, he made the following statements in his statement on the subject:

While an estimated 6.9 billion people, or 86% of the world’s population, own a smartphone, access to desktop computers is much less common. Mobile phones allow ordinary people to take technology one step further – which is why making web3 more universally accessible to a mainstream audience requires creating mobile-first experiences. Once we successfully transition to Layer 2, our mobile-first approach that we have implemented since our founding will further help users become embedded with access and efficiency in mind.

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