{"id":87078,"date":"2023-11-15T15:57:29","date_gmt":"2023-11-15T13:57:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87078"},"modified":"2025-09-13T09:31:34","modified_gmt":"2025-09-13T06:31:34","slug":"celo-co-founder-outlines-plan-to-return-to-ethereum","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/celo-co-founder-outlines-plan-to-return-to-ethereum\/","title":{"rendered":"Celo co-founder outlines plan to return to Ethereum"},"content":{"rendered":"

The emergence of L2<\/a>-solutions opens opportunities for the reverse integration of the first-layer blockchain Celo with Ethereum. This was stated by Marek Olszewski, co-founder of the project, in an interview with The Block<\/a>.<\/p>\n

The original idea of the project, founded in 2020, was to create a simple, user-friendly mobile Ethereum wallet. However, over time the platform evolved into EVM<\/a>-compatible first-layer network.<\/p>\n

\n

\u201cAt the time, Ethereum expansion plans were only developing, and the fastest way to create a scalable EVM chain that developers demanded was to launch as a first layer,\u201d explained Olszewski.<\/p>\n<\/blockquote>\n

The higher performance of the second-largest blockchain today is achieved through rollups<\/a>, so the head of Celo sees in this an excellent opportunity for a \u201chomecoming.\u201d<\/p>\n

According to Olszewski, under the roadmap the primary developer \u2014 cLabs \u2014 plans to upgrade Celo to a high-scalability EVM based on zero-knowledge proofs<\/a>.<\/p>\n

At the same time, the project wants to preserve certain unique features, such as the ability to pay transaction fees with ERC-20<\/a> tokens, which became possible thanks to a new generation of zk-SNARK validation mechanisms.<\/p>\n

\n

\u201cFor most EVM-compatible blockchains, it is becoming increasingly difficult to justify standalone market positioning when Ethereum\u2019s scaling plan has proven effective,\u201d asserts Olszewski.<\/p>\n<\/blockquote>\n

In July, the cLabs team planned to deploy Celo as an L2 network using Optimism’s OP Stack. Later, the Polygon project proposed to developers to use their CDK<\/span> for deployment. Representatives of Matter Labs also put ZK Stack up for consideration.<\/p>\n

Olszewski stressed that a final decision has not yet been made, as the community weighs all proposals.<\/p>\n

Celo also joined the ReFi ecosystem, aiming for \u201cthe development of sustainable and inclusive financial practices,\u201d he added.<\/p>\n

According to the co-founder of the platform, the blockchain project \u201cUltra-Green Money\u201d demonstrated commitment to sustainable development principles. The initiative is based on a token-burn mechanism that sends 20% of transaction fees in the network to a carbon-offset fund, making the CELO token deflationary.<\/p>\n

In April 2023, Google Cloud and Celo agreed to collaborate to support improvements to blockchain infrastructure and the development of decentralized applications.<\/p>\n

In July 2022, developers deployed Uniswap v3 smart contracts on the Celo network. The initiative envisages the creation of liquidity pools of \u201cgreen assets\u201d from Celo, such as tokenized carbon credits.<\/p>\n","protected":false},"excerpt":{"rendered":"

The emergence of {{AOPEN_1}}L2{{ACLOSE_1}}-solutions opens opportunities for the reverse integration of the first-layer Celo blockchain with Ethereum, said Marek Olszewski, co-founder.<\/p>\n","protected":false},"author":1,"featured_media":87079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1344,46,433],"class_list":["post-87078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-celo","tag-ethereum","tag-evm"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87078"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87078\/revisions"}],"predecessor-version":[{"id":87080,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87078\/revisions\/87080"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87079"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}