celo
Celo is a fast, low-cost, carbon-negative blockchain designed for scalable payments and mobile-first Web3 apps.
United Statescelo.orgFounded 2017
About
Celo is a mobile-first, eco-friendly blockchain that makes financial tools and decentralized apps accessible to all users. It uses a proof-of-stake network and presently serves as an Ethereum Layer 2 solution. Celo focuses on fast, low-cost transactions and seeks to offer cryptocurrency and DeFi services to smartphone users, allowing more individuals to enter the crypto world. Key features: Scalable and safe, with over 700,000 daily active users and fast transactions. Payments are low-cost, with one-block finality and costs of less than one percent. Sybil-resistant apps with identity proofs preserve privacy for safer applications. Open-source, scalable blockchain infrastructure based on modular OP-Stack and zkEVM.
Team (2)
FAQs
- Celo runs on a proof-of-stake Layer 2 network. This makes sending digital payments fast and cheap, with fees under a cent.