Celo Challenges Tron’s Leadership in Active Stablecoin Addresses
The CELO token has rallied nearly 20% in the past 24 hours.
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Celo
The CELO token has rallied nearly 20% in the past 24 hours.
The vote passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure.
RUNING THE PARTY? Bitcoin’s once-every-four-years “halving” was supposed to bring a steep cut in revenue for crypto miners, since their rewards for new data blocks would drop by 50%. Instead, the simultaneous launch of Casey Rodarmor’s new Runes protocol – for minting digital tokens on top of the oldest and largest blockchain – proved so popular that it caused massive […]
CLabs officially proposed using Optimism’s OP Stack for the transition. The proposal will be discussed on a couple of community calls and then go to a vote among holders of the project’s CELO tokens, under the chain’s governance rules.
The indexing layer is also expanding to Avalanche and Celo.
As another week begins, the prices of many assets in the cryptocurrency sector are still trying to decide on their … Continue reading
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Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum. The months-long selection process has started to look like “The Bachelorette,” with teams behind the Arbitrum, Optimism, Polygon and zkSync networks all vying to win the technology mandate.
Celo originally planned to build its Ethereum layer-2 network with Optimism’s OP Stack. Then Polygon and Matter Labs pitched their stacks. Now, Arbitrum, the biggest layer-2, wants in on the bake-off.
With hot competition between layer-2 technology providers like Optimism, Polygon and Matter Labs, Celo’s choice is being closely watched by the blockchain industry.