Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Will Celo’s Recent Moves Help It Dominate the Layer 2 Segment?
ALTCOIN NEWS

Will Celo’s Recent Moves Help It Dominate the Layer 2 Segment?

By Crypto FlexsJuly 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Will Celo’s Recent Moves Help It Dominate the Layer 2 Segment?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Celo has launched Dango, a layer 2 testnet that signals early steps toward integration with the Ethereum ecosystem.
  • Celo leveraged Optimism’s OP stack to make this plan a reality.

In a major move toward becoming part of the Ethereum (ETH) ecosystem, Celo, a blockchain platform designed specifically for mobile phone users, has launched the Dango Layer 2 testnet. This represents a major step forward in Celo’s plans to integrate with Ethereum.

It takes two to make a dango

The Dango testnet proposed at EthCC 2023 facilitates the migration of developers to a new iteration of the Celo blockchain focused on fast, global transactions. The testnet preserves historical data from Alfajores, including smart contracts, accounts, and balances, ensuring a smooth transition.

Built on Optimism’s OP Stack, Dango combines Celo’s layer 1 security with the scalability and interoperability of the OP Stack framework.

Implemented with support from the Eigen Foundation and community support, EigenDA reduces transaction fees within Dango’s Layer-2 architecture.

This architecture prioritizes low cost and efficiency, increasing transaction speeds by 50% (block processing time reduced from 5 seconds to 2 seconds).

Dango Layer-2 provides features such as seamless bridging of WETH and ERC-20 tokens for transfers between Ethereum and Celo, and single block finality for fast and secure transactions.

It supports CELO token interactions on both native platforms and the ERC-20 standard, providing developers with flexibility. Dango also expands payment options by accepting payments using a variety of ERC-20 tokens, including $USDT and $USDC.

Dango’s SocialConnect feature allows you to send and receive funds using your phone number or email address, simplifying trading for those new to cryptocurrency.

Lower gas fees will help keep Dango’s price down, potentially increasing cryptocurrency adoption worldwide.

What’s next for Dango?

With the launch of the Dango testnet, infrastructure providers have started upgrading their Layer 2 node code.

Once all major vendors implement updates to be compatible with the new design, the Alphahores testnet will undergo the upgrade without requiring a separate blockchain fork.

A streamlined process allows developers to test user applications on upgraded networks without affecting the functionality of real-world applications.

Successfully achieving this important milestone ahead of our target summer 2024 date sets the stage for the Celo Layer-2 mainnet launch scheduled for early winter 2024.

The Celo Foundation and cLabs are committed to driving innovation and empowering the blockchain community to ensure a smooth transition and robust growth for both developers and users.

Previous: Ethereum: Why Whales Failed to Reverse ETH’s Downtrend

Next: Why Notcoin Holders Should Be Careful of NOT’s Recent Rally

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

2025 Best Free Cloud Mining

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025
Most Popular

Highlights from The Block’s 2024 Digital Asset Outlook Report

December 23, 2023

SUI blockchain improves OMG partnership and actual asset integration.

May 28, 2025

Algo active addresses surge by 300%

December 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.