Celo's L2 Proposal: Scaling Up the Tempo of Affordable Transactions
summary
Celo proposes converting its L1 into an OP Stack L2 using EigenDA on EigenLayer for data availability so L2 transaction data posts to Ethereum and reduces L2 transaction costs by ~95% while keeping Celo’s existing consensus as a decentralized sequencer with slashing to enforce one-block finality. Deployment runs via two hard forks after a governance vote that passed. Built features that remain available include native gas abstraction, Social Connect phone‑number payments, and Valora wallet shortcuts.
AI-written summary · about
chapters (9)
- 0:00Celo's L2 transition intro
- 3:53Celo today and features
- 7:51Challenges of L1 to L2
- 13:17Scaling with EigenLayer and EigenDA
- 21:27Decentralized sequencers and finality
- 27:46Intermission
- 28:58Celo features today
- 35:01Wallet shortcuts and Velora
- 38:15Q&A on Ethereum vs L2
related talks
15mKeynote – MAREK OLSZEWSKI
46mYou Had Me At Celo / Toss a CELO To Your Prestwicher:
52mHighlights of the Layer 2 Decentralization Panel
13mCrossing the Chasm
21mFireside Chat
48mThe Current State of Layer 2
14mThe Rise of the Sovereign L2 - Why Institutions Need Interoperability
29mExploring Ethereum's Role in Shaping the Future of Blockchain