Demex Daily #378: Celo Becomes Ethereum L2 for Greater Security and Liquidity

What’s Interesting Today:

Celo has transitioned from a layer-1 blockchain to an Ethereum layer-2 protocol using optimistic rollups. The move enhances Celo’s security, scalability, and composability with Ethereum-native applications while maintaining one-second block times and low transaction costs. By leveraging Ethereum’s network effects, Celo gains access to deeper liquidity and inherits Ethereum’s economic security. The transition also simplifies the codebase, reducing its complexity and potential attack surface. The upgrade was completed trustlessly, preserving Celo’s blockchain history and integrating its token into Ethereum’s ecosystem.

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COTI has launched its Layer 2 mainnet to enable Privacy-on-Demand for Web3, bridging the gap between privacy and compliance. Using Garbled Circuits technology, it offers speeds 3,000x faster than existing solutions while ensuring secure, private transactions across major chains. Backed by partners like Bancor and Band Protocol, COTI is also engaging with governments and CBDC projects, including Israel’s Digital Shekel. To celebrate, the COTI Foundation is airdropping tokens and launching tools for seamless migration. This mainnet aims to make privacy a key driver of Web3 adoption and innovation.