Celo Transitions to Ethereum Layer 2

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Celo has successfully migrated from a standalone Layer 1 blockchain to an Ethereum Layer 2 network, marking a major milestone after nearly two years of development. This upgrade boosts scalability, improves interoperability, and deepens integration with Ethereum’s ecosystem. Block times have been reduced from 5 seconds to just 1 second, significantly enhancing transaction speed. Additionally, native cross-chain bridging with Ethereum enables seamless asset transfers, strengthening Celo’s position as a more efficient and interconnected blockchain network.