How Matter Labs' ZK Stack Helps Celo's Layer 2 Migration
Portfolio Pulse from Murtuza Merchant
Matter Labs has proposed its ZK Stack to Celo (CRYPTO: CELO) for a seamless Layer 2 blockchain migration. The ZK Stack is a modular, open-source framework designed to develop custom hyperchains. It offers key benefits such as a mobile-first approach, robust and rigorously tested technology, and elimination of licensing fees. The proposal has been made in recognition of the achievements of cLabs, the Celo Foundation and its expansive ecosystem.
September 29, 2023 | 8:54 pm
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Celo (CRYPTO: CELO) has been proposed a solution by Matter Labs for a seamless Layer 2 blockchain migration. The ZK Stack's robust technology, mobile-first approach, and no licensing fees could potentially enhance Celo's operations.
The proposal by Matter Labs to Celo for a seamless Layer 2 blockchain migration using its ZK Stack could potentially enhance Celo's operations. The ZK Stack's robust technology, mobile-first approach, and no licensing fees are key benefits that could positively impact Celo's operations and its value. Therefore, the short-term impact on Celo's price is likely to be positive.
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