Celo, a blockchain platform, is exploring migrating its standalone blockchain to an Ethereum (ETH) Layer-2 (L2) network. Originally, Celo planned to use Optimism’s OP Stack, a customizable toolkit similar to Polygon (MATIC), but based on Optimism’s technology.
However, Sandeep Nailwal, co-founder of Polygon Labs, has suggested an alternative solution to the Celo community. Nailwal suggests using Polygon’s Chain Development Kit (CDK), an open-source toolset that enables the creation of customizable Layer-2 chains, powered by zero-knowledge (ZK) technology.
Celo’s potential move to Ethereum Layer-2 via Polygon
In a recent blog post, Polygon Labs suggested that Celo could consider implementing an Ethereum Layer-2 solution using Polygon CDK.
According to Polygon Labs co-founder Nailwal, this strategy would allow Celo to leverage the benefits of an Ethereum Layer-2 platform while retaining the features that have contributed to its success.
The proposal highlights several key benefits of adopting Polygon CDK. First, it enables cross-community collaboration by integrating with an ecosystem of Layer-2 solutions powered by zero-knowledge technology.
Polygon CDK improves compatibility with Ethereum by providing an environment equivalent to the Ethereum Virtual Machine (EVM). This alignment ensures a seamless transition for Celo, which is closely aligned with Ethereum’s technical infrastructure and tooling.
In addition, the implementation with the CDK of the protocol offers more security for Celo, according to Nailwal. It allows Celo to leverage Ethereum’s proven consensus layer while integrating the security benefits of zero-knowledge proofs.
In terms of fees and scalability, Celo can benefit from low costs by leveraging the zkEVM validium architecture and off-chain data availability supported by Polygon CDK. These features contribute to cost-efficient transactions while enabling scalability for Celo’s network.
Additionally, according to Nailwal, Celo will gain access to a unified Layer-2 economy by becoming part of the Polygon ecosystem by combining Ethereum’s mainnet with Polygon’s ecosystem. This integration creates a seamless experience for developers and users, facilitating interaction with both networks.
Fast transactions and lower costs?
With zero-knowledge technology, Celo users can enjoy near-instant withdrawals, faster finality times, and instant cross-chain interactivity.
According to the blog post, these features improve the speed, efficiency and security of transactions, ultimately improving the user experience.
Through Polygon CDK, chains can achieve cross-chain interactivity with Ethereum almost instantly, leveraging the power of ZK-proofs to build a secure and interconnected network.
Overall, the proposed migration to Polygon CDK represents an opportunity for Celo to move to an Ethereum Layer-2 solution while leveraging the benefits offered by Polygon’s ZK-powered technology. The proposal aims to initiate discussions between the Celo and Polygon communities to explore the potential benefits for all stakeholders involved.
It is important to note that no final decision has been made at this stage and the proposal marks the start of discussions between the Celo and Polygon communities.
Featured image from iStock, chart from TradingView.com
