The Celo Basis has introduced the profitable launch of the Layer-2 testnet, Dango, developed by core contributor cLabs. This growth marks a big milestone within the evolution of the Celo blockchain ecosystem, based on Celo Basis.
Transition to Layer-2
Initially proposed throughout EthCC 2023, the transition to Dango entails 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 information, 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 instead information availability layer to take care of sub-cent transaction charges. The testnet goals to enhance on a number of core facets 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 whole throughput by 50%
Sustaining 1-block finality
CELO token duality, permitting interplay natively or by way of 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 tackle, or different social identifiers by way of SocialConnect
Sustaining low gasoline charges for better accessibility and adoption
Greater safety bridging to Ethereum for asset transfers
Persevering with Celo’s dedication to Ultragreen Cash
Future Outlook
The profitable launch of Dango permits 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 might be upgraded with out creating a brand new fork, permitting builders to check their end-user dApps. The cLabs group anticipates that the migration will culminate within the launch of the Celo Layer-2 mainnet by early winter 2024.
Neighborhood and Help
The launch follows the Eigen Basis’s strategic grant to the Celo neighborhood and subsequent neighborhood assist for cLabs’ governance proposal. The neighborhood’s involvement has been essential in shaping the testnet’s growth 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 a number of other Mento steady property like cUSD, cEUR, and cREAL. Launched on Earth Day in 2020, Celo helps a various vary of tasks geared toward reaching world prosperity.
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