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

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Why I am still optimistic despite noise

June 26, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

Reddio Mainnet Alpha Is Live – The First GPU-Accelerated Parallel EVM For AI-Native DApps

June 26, 2025

RoboCorp.co Debuts World’s First Search Engine That Converts Human Data And Expertise Into Crypto Income

June 26, 2025

Moca Foundation Announces Moca Chain For Self-sovereign, Privacy-preserving Identity And User Verification

June 26, 2025

GSR Launches Enhanced Systematic OTC Platform, Expanding FX Capabilities And Asset Coverage

June 25, 2025

How To Turn $100 Into $1,000,000 In 2025

June 25, 2025

Neo Pepe $NEOP Presale Passes $2M Raised With Stellar CertiK Audit

June 25, 2025

Encryption Inheritance Update: June 2025

June 25, 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

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Why I am still optimistic despite noise

June 26, 2025
Most Popular

Smart Contracts and Shuffle: How Ethereum Impacts Blackjack

January 26, 2024

Bank of Israel launches Digital Shekel Challenge

May 29, 2024

PEPE PRICE ALERT: $ 15m Robinhood Dump arouses controversy

May 22, 2025
  • 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.