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Polygon Labs Proposes Celo's Transition to Ethereum L2 Using Their Chain Development Kit
Polygon Labs has proposed a technical upgrade for Celo, transitioning from an independent EVM-compatible L1 to an Ethereum L2. The proposal uses the Polygon Chain Development Kit (CDK), an open-source toolset that allows developers to create a ZK-powered L2 for Ethereum. Key benefits include enhanced collaboration, an EVM-equivalent environment, security, low fees, a unified L2 ecosystem, customization, fast transactions, and high standards of support. The proposal aims to achieve optimal technical upgrades for the blockchain community.
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Ethereum Layer 2 Continues to Gain Steam as ETH Realized Capitalization Soars
Ethereum layer 2 seeks to address the challenge of scalability, given that it’s a distinct network running on top of Ethereum Mainnet (layer 1).