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 cryptonewsnavigator.com 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.