The Celo Basis has introduced the profitable launch of the Layer-2 testnet, Dango, developed by core contributor cLabs. This improvement marks a major milestone within the evolution of the Celo blockchain ecosystem, in response to Celo Basis.
Transition to Layer-2
Initially proposed throughout EthCC 2023, the transition to Dango includes forking the Alfajores testnet. This transfer permits ecosystem builders to start migrating their tasks to the brand new Layer-2 blockchain, which is designed for quick, low-cost funds globally. The migration ensures that every one historic knowledge, together with sensible contracts, accounts, and balances from Alfajores, are preserved and carried over.
Technical Specs
Dango is constructed upon Optimism’s OP Stack, a modular and open-source framework for scalable and interoperable blockchains. This structure helps the Optimism Superchain and incorporates EigenDA as a substitute knowledge availability layer to keep up sub-cent transaction charges. The testnet goals to enhance on a number of core elements of Celo’s Layer-1 (L1) blockchain, together with:
- Bridging of WETH and ERC-20 tokens between Ethereum and Celo
- Reducing block time from 5 seconds to 2 seconds, growing complete throughput by 50%
- Sustaining 1-block finality
- CELO token duality, permitting interplay natively or through the ERC20 interface
- Price Abstraction, supporting a number of ERC-20 tokens as gasoline currencies, together with USDT and USDC
- Sending cash to a cellphone quantity, e-mail deal with, or different social identifiers through SocialConnect
- Sustaining low gasoline charges for larger accessibility and adoption
- Increased safety bridging to Ethereum for asset transfers
- Persevering with Celo’s dedication to Ultragreen Cash
Future Outlook
The profitable launch of Dango allows infrastructure suppliers to improve to the newest Layer-2 node code. As soon as all key infrastructure suppliers have up to date, the Alfajores testnet will likely be upgraded with out creating a brand new fork, permitting builders to check their end-user dApps. The cLabs staff anticipates that the migration will culminate within the launch of the Celo Layer-2 mainnet by early winter 2024.
Neighborhood and Assist
The launch follows the Eigen Basis’s strategic grant to the Celo group and subsequent group help for cLabs’ governance proposal. The group’s involvement has been essential in shaping the testnet’s improvement and guaranteeing its alignment with the ecosystem’s wants.
About Celo
Celo is an rising Ethereum Layer-2 and mobile-first blockchain community constructed for real-world purposes, specializing in quick, low-cost funds. The ecosystem features a decentralized proof-of-stake blockchain, the CELO native token, and several other Mento secure belongings like cUSD, cEUR, and cREAL. Launched on Earth Day in 2020, Celo helps a various vary of tasks aimed toward attaining world prosperity.
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