Celo CELOPrice $ 0.161

Celo is transitioning from a standalone EVM-compatible Layer 1 blockchain to an Ethereum Layer 2.

Celo was designed to enable a new universe of financial solutions accessible for mobile users, creating a global financial ecosystem where an end-user can onboard into the Celo ecosystem with just a mobile number. Here are few of the key features of Celo:

• Layer-2 protocol

• EVM compatible

• Proof-of-Stake

• Carbon negative

• Mobile-first identity

• Ultra-light clients

• Localized stablecoins (cUSD, cEUR, cREAL)

• Gas payable in multiple currencies.

Celo makes sending payments as easy as sending a text, to anyone with an internet connection, anywhere in the world. Celo maps phone numbers to wallet addresses using a novel decentralized address-based identity layer. Mobile participants can earn rewards for securing and maintaining the system.

CELO is the platform-native asset that supports the growth and development of the Celo blockchain and ecosystem. CELO holders can earn rewards, stake with validators, and vote on proposals that shape the future of Celo.