Last year, the main creator of the Celo blockchain began searching for the ideal technology to build its intended layer-2 network on Ethereum. To his surprise, the selection process transformed into a rigorous competition among top contenders.
CLabs, the development group behind Celo, has been reviewing technical proposals from different layer-2 projects over the past few months to determine which one could be the most suitable addition to their new blockchain. The Celo team believes that they would thrive more in the larger Ethereum blockchain network as a second-layer chain, rather than continuing as a standalone, or first-layer, chain.
Rene Reinsberg, co-founder of Celo and president of Celo Foundation, expressed her satisfaction in an interview with CoinDesk, stating, “We’ve learned so much more than we did eight months ago when we began closely examining this. I’m glad we didn’t rush into a decision last year, but instead took the time for thorough research.”
Optimism wins another
“Some of the knowledge gained from the other projects may prove useful as we construct and roll out the entire system,” Reinsberg shared with CoinDesk.
Read more: Celo, Shopping for Blockchain Partner, Turns to the Delicate Issue of Money
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2024-04-22 16:21