{"id":29887,"date":"2024-09-25T19:00:07","date_gmt":"2024-09-25T16:00:07","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=29887"},"modified":"2024-09-25T16:26:18","modified_gmt":"2024-09-25T13:26:18","slug":"vitalik-buterin-comments-on-celo-blockchain","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-comments-on-celo-blockchain\/","title":{"rendered":"Vitalik Buterin Comments on Celo Blockchain"},"content":{"rendered":"

Vitalik Buterin, co-founder of Ethereum, has recognized the Celo blockchain for surpassing Tron in daily active stablecoin addresses, marking a significant milestone in stablecoin adoption. On September 25, Buterin praised Celo for this achievement, noting how it aligns with Ethereum\u2019s mission to improve global access to financial services and payments.<\/p>\n

Celo\u2019s Alfajores testnet is set to upgrade to Ethereum Layer 2 (L2) on September 26, as part of Celo\u2019s transition from a standalone Layer 1 (L1) blockchain to an Ethereum-integrated L2 solution. This shift is a major step for Celo, bringing it closer to the Ethereum ecosystem and allowing for improved interoperability and network capabilities.<\/p>\n

In July 2023, Celo\u2019s core developer, cLabs, proposed this move, and the platform now operates two L2 testnets, Alfajores and Dango. The transition will enhance Celo’s compatibility with Ethereum while retaining its own unique attributes, like its independent blockchain wallet systems.<\/p>\n

Might interest you: Flappy Bird Might Launch Play To Earn Token!<\/a><\/em><\/p>\n

Celo has gained significant attention in 2024 due to its growing integration with major stablecoins. Circle, the operator of USDC, launched support for USDC on Celo in February 2024, while Tether integrated its USDT stablecoin in March. As of September 25, $209 million of Celo-based USDT tokens are in circulation.<\/p>\n

Celo\u2019s success in stablecoin adoption is largely driven by applications like Minipay and Valora. Minipay, which launched in 2023, quickly reached 3 million active wallets by mid-2024, contributing to Celo surpassing Tron in daily active stablecoin addresses, according to blockchain data provider Artemis.xyz. Celo’s integration with Ethereum further strengthens its place within the larger crypto ecosystem, empowering developers and users with enhanced capabilities.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Vitalik Buterin, co-founder of Ethereum, has recognized the Celo blockchain for surpassing Tron in daily active stablecoin addresses, marking a significant milestone in stablecoin adoption. On September 25, Buterin praised Celo for this achievement, noting how it aligns with Ethereum\u2019s mission to improve global access to financial services and payments. Celo\u2019s Alfajores testnet is set<\/p>\n","protected":false},"author":6,"featured_media":9030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[801,8781,106,105,1724,8780,8779],"class_list":["post-29887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-celo","tag-celo-blockchain","tag-eth","tag-ethereum","tag-vitalik-buterin","tag-vitalik-buterin-eth","tag-vitalik-buterin-ethereum"],"yoast_head":"\nVitalik Buterin Comments on Celo Blockchain - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-comments-on-celo-blockchain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitalik Buterin Comments on Celo Blockchain - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Vitalik Buterin, co-founder of Ethereum, has recognized the Celo blockchain for surpassing Tron in daily active stablecoin addresses, marking a significant milestone in stablecoin adoption. 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