Celo's L2 Proposal: Building The Perfect L2 for Mobile Payments
summary
Proposal converts Celo from an L1 into an L2 called C2, aiming to keep gas under $0.01 by using EigenLayer/EigenDA for cheaper data availability, reuse existing validators as a decentralized sequencer with slashing to block equivocation, and preserve one-block finality by delaying forced transactions and deposits by 12 minutes for L1 finality. Governance passed with 99% support, on-chain metrics show 550% active-address growth, and Opera Mini Pay already ships a stablecoin-first mobile wallet on the network.
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chapters (8)
- 0:00Celo’s L2 vision
- 1:59Mobile payments mission
- 3:45Mobile-first blockchain design
- 6:11Celo’s L2 goals
- 7:14Cheap gas fees with EigenLayer
- 9:46Decentralization in L2
- 11:08One-block finality on L2
- 13:15Celo L2 applications
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