-
BTC 66,202.42 (+0.05%) -
ARS 1,093.70 (+0.66%) -
ETH 3,027.54 (+0.42%) -
SOL 169.56 (+4.02%) -
PEPE <0.01 (-3.50%) -
BOME 0.01 (-8.35%) -
RUNE 6.97 (+6.61%) -
DOGE 0.15 (-1.78%) -
WIF 2.89 (-4.73%) -
XRP 0.52 (+0.35%) -
PEOPLE 0.05 (+7.01%) -
LINK 16.23 (+16.41%) -
NEAR 8.49 (+4.62%) -
FTM 0.82 (+1.57%) -
FLOKI <0.01 (-0.84%) -
ENA 0.71 (-3.14%) -
RNDR 10.32 (-3.34%) -
BONK <0.01 (-4.89%) -
JTO 4.58 (-2.62%) -
SUI 1.06 (+4.25%) -
WLD 5.00 (-0.58%) -
AVAX 36.97 (+6.27%) -
AEVO 0.82 (-6.92%) -
AR 48.34 (+10.93%) -
SEI 0.56 (+3.24%) -
ADA 0.48 (+4.17%) -
STX 2.04 (-6.88%) -
ORDI 37.81 (-2.58%)
Celo blockchain proposes return to Ethereum ecosystem transition to L2
Published: 2023-07-16
1. Main Topic: Celo Blockchain's Proposal to Return to the Ethereum Ecosystem and Transition to Layer 2 Celo Blockchain,a decentralized platform for building mobile applications,has proposed a transition back to the Ethereum ecosystem and a shift towards Layer 2 scaling solutions. This move aims to improve scalability and reduce transaction fees. Celo's platform was initially launched as a separate blockchain but is now planning to leverage Ethereum's network and infrastructure to achieve greater efficiency and interoperability.
2. Details on Celo's Proposal and Transition Plans (Topic Number 1): Celo Blockchain intends to introduce the cLabs Foundation as a validator on the Ethereum network,supporting the Ethereum 2.0 upgrade. By doing so,Celo aims to bring its existing user base,assets,and developers into the Ethereum ecosystem. The usage of Ethereum smart contracts will enable Celo's native assets to seamlessly interact with other Ethereum-based tokens and technologies.
3. Rationale for Transition and Benefits of Layer 2 Scaling (Topic Number 2): One of the primary reasons for Celo's transition is to take advantage of Ethereum's extensive developer network,established DeFi ecosystem,and broader community. By transitioning to Ethereum,Celo aims to leverage the network effect created by Ethereum's existing user base and infrastructure. Additionally,Celo plans to implement Layer 2 scaling solutions,such as optimistic rollups,to significantly enhance scalability,reduce gas fees,and improve the overall user experience.
4. Implications for Celo's Future Development and DApp Ecosystem (Topic Number 3): By aligning with Ethereum and implementing Layer 2 scaling solutions,Celo aims to attract more developers to build decentralized applications (DApps) on its platform. The proposed transition could lead to increased adoption of Celo's blockchain,as it becomes more interoperable with Ethereum. Furthermore,the reduced transaction fees and improved scalability offered by Layer 2 solutions are expected to provide a more cost-effective and efficient environment for Celo's DApp ecosystem to grow. In conclusion,Celo Blockchain's proposal to return to the Ethereum ecosystem and transition to Layer 2 scaling solutions marks a strategic move to improve scalability,interoperability,and developer participation. By leveraging Ethereum's network and infrastructure,Celo aims to attract a larger user base and foster innovation within its DApp ecosystem.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | BTC |
66,202.42 | 2,010,670,826.20 |
| 2 | ARS |
1,093.70 | 1,363,251,895.40 |
| 3 | ETH |
3,027.54 | 917,889,763.89 |
| 4 | SOL |
169.56 | 694,776,820.72 |
| 5 | PEPE |
<0.01 | 360,088,145.88 |
| 6 | BOME |
0.01 | 201,763,915.31 |
| 7 | RUNE |
6.97 | 169,879,836.54 |
| 8 | DOGE |
0.15 | 168,926,870.48 |
| 9 | WIF |
2.89 | 164,734,982.32 |
| 10 | XRP |
0.52 | 164,052,095.48 |
| 11 | PEOPLE |
0.05 | 160,064,253.68 |
| 12 | LINK |
16.23 | 158,735,356.96 |
| 13 | NEAR |
8.49 | 135,333,630.84 |
| 14 | FTM |
0.82 | 129,191,858.36 |
| 15 | FLOKI |
<0.01 | 122,937,705.03 |
| 16 | ENA |
0.71 | 96,601,608.26 |
| 17 | RNDR |
10.32 | 95,522,526.08 |
| 18 | BONK |
<0.01 | 77,031,248.17 |
| 19 | JTO |
4.58 | 74,940,881.99 |
| 20 | SUI |
1.06 | 70,126,113.83 |
| 21 | WLD |
5.00 | 67,887,642.41 |
| 22 | AVAX |
36.97 | 60,688,578.82 |
| 23 | AEVO |
0.82 | 56,720,274.78 |
| 24 | AR |
48.34 | 52,451,904.94 |
| 25 | SEI |
0.56 | 51,184,558.92 |
| 26 | ADA |
0.48 | 45,663,960.49 |
| 27 | STX |
2.04 | 43,925,973.71 |
| 28 | ORDI |
37.81 | 42,845,693.68 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  LOOM |
0.10 | +17.66 |
| 2 | LINK |
16.23 | +16.41 |
| 3 | AR |
48.34 | +10.93 |
| 4 |  BICO |
0.52 | +10.61 |
| 5 |  LDO |
1.77 | +8.65 |
| 6 |  VANRY |
0.20 | +8.28 |
| 7 |  CHR |
0.36 | +7.28 |
| 8 | PEOPLE |
0.05 | +7.01 |
| 9 |  HBAR |
0.12 | +6.82 |
| 10 |  MTL |
1.97 | +6.62 |
| 11 | RUNE |
6.97 | +6.61 |
| 12 | AVAX |
36.97 | +6.27 |
| 13 |  SSV |
38.88 | +5.74 |
| 14 |  POLYX |
0.42 | +5.03 |
| 15 |  LSK |
2.03 | +4.97 |
| 16 |  PYR |
4.51 | +4.84 |
| 17 |  API3 |
2.56 | +4.84 |
| 18 |  ENJ |
0.32 | +4.73 |
| 19 | NEAR |
8.49 | +4.62 |
| 20 |  CFX |
0.22 | +4.52 |
| 21 | SUI |
1.06 | +4.25 |
| 22 | ADA |
0.48 | +4.17 |
| 23 |  THETA |
2.26 | +4.06 |
| 24 | SOL |
169.56 | +4.02 |
| 25 |  ENS |
15.03 | +3.94 |
| 26 | ![Quickswap [OLD] title=](https://titdoi.com/coins-images-mini/QUICK-quick.webp){kind=small} QUICK |
0.06 | +3.85 |
| 27 |  CELO |
0.85 | +3.77 |
| 28 |  CITY |
3.32 | +3.76 |
| 29 |  ERN |
4.54 | +3.61 |
| 30 |  INJ |
24.81 | +3.59 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 | BOME |
0.01 | -8.35 |
| 2 |  REZ |
0.11 | -7.09 |
| 3 | AEVO |
0.82 | -6.92 |
| 4 | STX |
2.04 | -6.88 |
| 5 |  RPL |
19.48 | -6.66 |
| 6 |  SAGA |
2.19 | -6.18 |
| 7 |  BLZ |
0.36 | -5.49 |
| 8 |  RIF |
0.16 | -5.36 |
| 9 | BONK |
<0.01 | -4.89 |
| 10 | WIF |
2.89 | -4.73 |
| 11 |  VIC |
0.42 | -4.68 |
| 12 |  FIO |
0.03 | -4.50 |
| 13 |  PIXEL |
0.36 | -4.48 |
| 14 |  DATA |
0.05 | -4.47 |
| 15 |  VTHO |
<0.01 | -4.42 |
| 16 |  ETHFI |
3.42 | -4.42 |
| 17 |  BAKE |
0.28 | -4.26 |
| 18 |  PORTAL |
0.77 | -4.08 |
| 19 |  1000SATS |
<0.01 | -4.01 |
| 20 |  CYBER |
7.49 | -3.90 |
| 21 |  NFP |
0.47 | -3.89 |
| 22 |  HIGH |
4.80 | -3.79 |
| 23 |  OMNI |
14.85 | -3.76 |
| 24 | W | 0.55 | -3.67 |
| 25 |  TAO |
384.80 | -3.66 |
| 26 | PEPE |
<0.01 | -3.50 |
| 27 |  PYTH |
0.43 | -3.48 |
| 28 |  TNSR |
0.86 | -3.41 |
| 29 |  RLC |
3.30 | -3.37 |
| 30 | RNDR |
10.32 | -3.34 |
Bitcoin's Greed and Fear Index.
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | CB Leading Index m/m | Friday | 17-05-2024 | 15:00 |
| 2 | FOMC Member Waller Speaks | Friday | 17-05-2024 | 15:15 |
| 3 | FOMC Member Daly Speaks | Friday | 17-05-2024 | 17:15 |
| 4 | FOMC Member Kugler Speaks | Saturday | 18-05-2024 | 22:45 |
