Deep Dive: Celo – A Mobile-First Blockchain

Celo is a blockchain focused on making financial DAPPs and crypto payments accessible to anyone with a mobile phone. Celo uses phone numbers as public keys, so sending money to phone numbers becomes easy and the unbanked population can get benefitted. The smartphone user base is growing exponentially all over the world but cryptocurrency adoption is still slow in several parts of the world. Celo wants to bridge the gap. The project was founded by industry-academic collaboration and the backers include the names like Jack Dorsey, Naval Ravikant, Coinbase Ventures etc. CELO, the native token of Celo blockchain, started to trade in the market from May 2020 onwards and the mainnet was launched in April 2020.

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