Celo has launched its Donut hard fork, which includes the launch of several Celo Improvement Proposals (CIPs).
The fork will create interoperable bridges between Celo and other blockchains such as Solana, Cosmos and NEAR.
The update will also improve compatability with Ethereum.
Share this article
Celo’s Donut hard fork went live today, introducing several big improvements to the mobile-centric blockchain.
Celo Hard Fork Goes Live
Celo has completed its Donut hard fork.
The update went live today at block 6,774,000, which happened at around 6:00 PM (UTC). Prior to activation, all node operators were required to upgrade their client software to version 1.3.2.
The hard fork activates a number of new features through Celo Improvement Proposals (CIPs). These proposals include adding compatibility with Ethereum tools like MetaMask, cheaper encryption, interoperability with new blockchain networks, improved Proof-of-Stake validator experience, and improved network security.
Celo is an EVM-compatible Proof-of-Stake blockchain that aims to bring decentralized applications to users on mobile devices. It’s known for its blockchain-based mobile payments software, which uses a stablecoin called Celo Dollar (CUSD).
The project is backed by leading names in the world of venture capital including Andreessen Horowitz, Polychain Capital, Coinbase, Naval Ravikant, Jack Dorsey, among others. As of last month, it also received support from mobile giant Deutsche Telekom.
While nine CIPs have been introduced through the hard fork, the most notable ones include CIP-35, which would allow for full compatibility with Ethereum wallets such as MetaMask.
There’s also CIP-20, which allows access to hash functions as a pre-compile on the Ethereum Virtual Machine. According to the team, CIP-20 will help towards implementing Plumo, Celo’s lightweight protocol for zero-knowledge proofs on mobile devices.
Arguably the biggest update of all is CIP-25. The proposal adds a new hash function to help create interoperable bridges between Solana and other blockchain networks, including the smart contract platforms Solana, NEAR, and Cosmos.
In summary, Donut will give developers more options to build mobile-based apps that could potentially reach millions of users. Of all the updates, compatibility with MetaMask and cross-chain interoperability could be a catalyst for further adoption.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
What Is Celo? Introduction to cGLD
As Celo concludes its latest $10 million token sale, many may still be wondering what the payments platform is all about. In the following guide, Crypto Briefing will dig into…
Deutsche Telekom Invests in CELO, Begins Staking Tokens
Deutsche Telekom, one of the world’s biggest telecom companies, has placed another bet on crypto. Deutsche Telekom Continues Crypto Foray The telecommunications giant announced Tuesday, revealing that it had invested…
A Cashless Future Foreshadows Cryptocurrency Mass Adoption
The world is quickly moving away from cash for payments. The trend shows promise for long-term Bitcoin and cryptocurrency adoption. In joint research between The Economist Intelligence Unit and Crypto.com…
What is Kusama? How Polkadot’s playground accommodates blockchain de…
Kusama is relatively young and was founded in 2019 by Dr. Gavin Wood, who also founded the Web3 Foundation and co-founded Ethereum. The team behind Kusama is essentially the same…