Celo is an EVM-compatible L1 with a special focus on enabling global mobile-first peer-to-peer payments while remaining carbon-negative. As core contributors of the Celo blockchain, cLabs proposed transitioning from a standalone L1 to an Ethereum L2 in July. With this article, we first want to highlight Celo’s mission and values to then understand the aforementioned technical proposal and how it would differentiate Celo from existing L2s.

Vega is a crypto derivatives protocol built on top of a performance-optimized, application-specific blockchain that aims to allow truly decentralized trading without sacrificing aspects that impact the experience like latency. In this article, we cover the characteristics which make Vega well-suited to become the derivatives layer for crypto: The occasion for this update is solemn: the launch of the Vega Mainnet!