<ul><li>Celo has transitioned from Layer 1 to Ethereum Layer 2 for enhanced scalability and security.</li><li>The transition involves halting Layer 1 block production and utilizing Ethereum Layer 2 protocol.</li><li>The move aims to address scalability and interoperability challenges of Celo as an independent chain.</li><li>With the migration, Celo gains enhanced scalability, low-cost transactions, and fast settlement times.</li></ul>

Celo Transitions from Layer 1 to Ethereum Layer 2 for Improved Scalability and Security

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