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November 28, 2024

Coinbase’s Lack of Support for Celo Layer 2 Upgrade Draws Criticism from the Community

Coinbase’s recent decision to not support the Celo Layer 2 upgrade has stirred significant reactions among stakeholders. Marek Olszewski, CEO of cLabs, expressed his discontent, stating that this move feels like a setback for Ethereum’s Layer 2 scaling strategies. Stakeholders worry that such decisions could hinder the growth and development of innovative blockchain solutions. As the community processes this information, discussions around the implications for Celo and the broader Ethereum network are becoming increasingly vital. Coinbase’s position is now under scrutiny as it navigates its role within the crypto ecosystem.

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