Celo
Celo is a mobile-first blockchain that makes decentralized financial (DeFi) tools geared towards mobile phones. It aims to break down barriers by bringing the powerful benefits of DeFi to the users of the 6 billion smartphones in circulation today.
An Ethereum-compatible technology capable of reaching global users at scale, Celo is turning crypto into usable money with a multi-asset system: a governance and staking asset (CELO) and a family of stablecoins (e.g., cUSD, cEUR). Since the launch of mainnet in 2020, Celo’s network now supports 1000+ projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. Celo is supported by a community of organizations and individuals, including Jack Dorsey, a16z, and Deutsche Telekom. [1]
Protocol
The Celo protocol provides a platform upon which the Celo community can create stabilized value digital assets. Named for the currencies they follow, Celo Dollars (cUSD) and Celo Euros (cEUR) are stablecoins that allow anyone to share value faster, cheaper and more easily from a mobile phone.
The Celo protocol also includes mechanisms for lightweight identity and ultralight mobile clients.
Innovative tools to build native mobile dApps:
- Stable Value Currencies
- Phone Number Public Key Infrastructure
- On-chain Governance
- Self Custody
- Proof-of-Stake
- Open-source
- Permissionless
- High Speed Sync for Ultra-light Clients
- Gas Payable in Multiple Stablecoins
- Programmable (full EVM Compatibility)