cLabs CTO Marek Olszewski on why Celo wants to ‘come home’ to Ethereum | Headlines | News | CoinMarketCap
11/15/2023 00:28
Marek Olszewski, co-founder of Celo and CTO of cLabs, said that the development of Layer 2 solutions has enabled Celo's plan to integrate back into …
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Published on November 14, 2023 17:12 GMT+00:00edited on November 14, 2023 17:14 GMT+00:00
Marek Olszewski, co-founder of Celo and CTO of cLabs, said that the development of Layer 2 solutions has enabled Celo's plan to integrate back into the Ethereum ecosystem.
Born from the vision of building an easy-to-use mobile wallet on Ethereum, Celo evolved into its own EVM-compatible and scalability-focused Layer 1 blockchain in 2020. “At the time, Ethereum's scalability plans were evolving and the fastest way to build a scalable EVM chain that developers were demanding was to launch as a Layer 1,” Olszewski said. However, with Ethereum's scalability roadmap via rollups now in place, Olszewski sees it as an opportune moment for Celo to "come home" and continue its mission as part of a larger Ethereum scaling initiative.
“We saw this as a coming home moment, something the Celo …