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Celo, originally launched as a layer-1 blockchain in 2020, has now transitioned to an Ethereum layer-2 protocol using optimistic rollups. Celo, the blockchain network launched in 2020, has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol. Celo announced the successful transition in a March 26 X post, stating that “Celo is officially…
” Celo president Rene Reinsberg explains why the protocol is optimizing for mobile “ On Episode 10 of Cointelegraph’s Hashing It Out podcast, Celo president Rene Reinsberg joins Elisha Owusu Akyaw (GhCryptoGuy) to discuss the regenerative finance (ReFi) movement, which focuses on the building blocks of decentralized finance (DeFi) and the principles of regenerative economics….
” Soulbound tokens power new identity solution on Celo blockchain “ A central focus for many in the Web3 community has been improving identity solutions available to consumers. Last year, the emergence of soulbound tokens (SBT) introduced a new way for users to define themselves. Although the SBT hype quieted over the last months, they have not disappeared…
” Celo network back online after almost 24-hour outage “ Proof-of-stake-based blockchain Celo has been suffering from an on-and-off network outage lasting 24 hours, though the blockchain appears to be up and running again now. Celo is an open-source blockchain that enables users with phone numbers to make payments with crypto by using their phone…
” Celo foundation proposes to deploy Uniswap V3 on its native blockchain “ A new community proposal was introduced in the Uniswap governance forum to deploy the protocol on the Celo blockchain, which is a mobile-first, carbon-negative and Ethereum Virtual Machine-compatible network. The new proposal was created on behalf of Blockchain at Michigan, and in…
“# 0x expands partnership with Celo to distribute $4.5M to DAO ecosystem ” 0x protocol and Celo blockchain have announced a joint partnership to allocate $4.5 million — consisting of $3 million CELO and $1.5 million ZRX — towards the growth of 0x’s ecosystem via its community-centric decentralized autonomous organization (DAO). The news follows an…
“# Ethereum alternatives and layer-1 solutions see steady gains in September ” The competition among layer-one (L1) smart contract platforms has been on the rise in the past couple of months as traders and developers continue to embrace Ethereum (ETH) network alternatives that offer faster transaction times and lower fees. According to a recent report…
“# Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping ” Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the result of regulatory pressure on the crypto sector, the FOMC meeting on the Fed’s interest rate…
“# After a 273% rally, this key indicator signaled that CELO price was overextended ” Now that altcoin season is upon us again, multiple tokens are witnessing illustrious price hikes every day. In a sideways market, a key skill for a trader is the ability to anticipate when an asset will break out — and…
“# CELO, Fantom and Keep3rV1 rally after liquidity mining programs launch ” The cryptocurrency market once again finds itself waiting for some form of catalyst to get the prices moving and this week commenced with the market moving sideways as Bitcoin struggles to find its footing near $48,000. Several altcoins have managed to break free…