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duytdcrypto
@duytd1
🔷🔶 The Celo blockchain network has transitioned to a Layer 2 protocol on Ethereum. After pausing its legacy Layer 1 operations, Celo has officially become a Layer 2 protocol on Ethereum, using Optimism rollup technology. This transition was made after being scheduled for the summer of 2023. As a result, Celo now has faster transaction block processing speeds, lower transaction fees, and interoperability with applications and protocols on Ethereum. This transition is considered to enhance Celo's security and expand its capabilities.
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