Connect with us

Hi, what are you looking for?

Latest News

Celo Developer Sets Framework for Layer-2 Decision by January

Source: Pixabay / jievani

Celo’s developer has proposed a comprehensive plan to guide the selection of a Layer-2 technology provider, with a plan to finalize their decision in January 2024.

cLabs, the primary developer behind Celo, published a “framework for selecting an L2 stack” on their discussion forum, seeking feedback from the users. The framework outlines the criteria for selecting a Layer-2 technology provider, a key part of Celo’s plan to integrate with Ethereum‘s network. cLabs’ initiative aims for community involvement in the decision, with the final choice expected by mid-January.

Key Features of Celo’s Proposed Layer-2 Framework


The framework detailed some of its core criteria and values, including Ethereum compatibility and increased security for technical considerations, simple migration with minimal downtime for migration feasibility, and independence within Ethereum for governance alignment.

“We would love your input, suggestions and feedback, to make this framework more reflective of all the priorities and concerns of Celo stakeholders,” said the post. “Right now, ‘we’ reflects cLabs’ views, but we hope as this doc evolves we can incorporate the general consensus of the whole community.”

cLabs also aim to adjust to the users’ suggestions if the team sees fit. “We’re running a little behind our own stated timeline for figuring this out, but hope we can get general consensus on the framework by mid Dec. Once we feel we’ve reached general consensus on this framework, cLabs will begin work on evaluating each L2 stack against this framework.”

On 13 Dec. 4pm (GMT), cLabs will hold an L2 discussion call regarding the framework. The announced framework was an extension from cLabs’ original proposal published in July. The L1 to L2 upgrade was initially brought out to “foster a financially inclusive community and build openly in the spirit of Web3, bringing real-world use cases to the Ethereum ecosystem.” In August, Celo announced that they are partnering with Google Cloud for the Ethereum L2 migration.

The post Celo Developer Sets Framework for Layer-2 Decision by January appeared first on Cryptonews.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    ✨ Let’s Spark Something Together!





    Share your name and email, and we’ll reach out with ideas, news, and special updates made just for you.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Economy

    In the final three weeks of the presidential race, former president Donald Trump and his advisers have attacked one particular foe more than three...

    Latest News

    Adani Group shares experienced a rebound on Monday, recovering from last week’s steep losses sparked by U.S. criminal charges against Chairman Gautam Adani and...

    Stock

    Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before its inaugural season. “Our players...

    Stock

    The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as...