Celo is a layer-1 blockchain ecosystem that was created in 2017 by a team of experienced engineers and entrepreneurs. It follows a Proof-of-Stake (PoS) consensus mechanism and is designed to be carbon-negative, mobile-first, and EVM-compatible. Celo makes it easy to send and receive payments in multiple currencies, including CELO, USDC, and cUSD. It is also designed to be used on mobile devices, making it accessible to people all over the world. Celo is compatible with the Ethereum Virtual Machine (EVM), which makes it easy for developers to build dApps on the platform.
Celo also helps Web3 developers and builders in a number of ways. It offers a mobile-first experience, making it accessible to people all over the world. It is EVM-compatible, making it easy for developers to build and ship. And it is carbon-negative, making it a sustainable choice for developers. It also provides incentive programs which include grants, bounties, and airdrops. These programs help the community and Web3 developers refine their skills and further build the Celo ecosystem.
Overall, Celo is a powerful blockchain platform that is well-positioned to help developers and builders in web3. It is scalable and secure and offers a number of features that make it easy to build and deploy dApps.
Founder: Rene Reinsberg, Marek Olszewski, and Sep Kamvar
Launched On: 2016-12-30
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