Connect with us

Published

on

Follow Us

Follow Us @

Closer to CELO Coin Crypto, What's Unique?

Liputan6.com, Jakarta – Celo is an ecosystem blockchain which focuses on increasing adoption cryptocurrencies among smartphone users.

By using phone numbers as public keys, Celo hopes to introduce the world's billions of smartphone owners, including those without banking access, to transactions in cryptocurrency.

Advertisement

Reporting from Coinmarketcapthe Celo network also allows creation smart contracts and decentralized applications (DApps) as part of decentralized finance (DeFi). Its mainnet was launched in April 2020.

This platform has two native tokens namely CELO Coin which is a proof-of-stake (PoS) token, used for transaction fees, governance participation and related activities. In the future, the platform aims to host a variety of stablecoins, with one of them, Celo Dollar (CUSD), already in use.

Founder of CELO

Celo was originally founded by Rene Reinsberg in August 2017. Reinsberg previously worked for several years at the internet domain registrar and web hosting company GoDaddy.

Since then, Celo has grown to accommodate a large team, which the company says includes experience from a variety of fields including the public and private sectors, technology, non-profit organizations and NGOs.

Advertisement

The Uniqueness of CELO

Celo's main unique selling point lies in its focus on smartphone users. The company argues the number of smartphone owners is increasing exponentially, but the number of people using cryptocurrency is rising at a much slower pace.

Cryptocurrencies more is especially suitable for regions where a large part of the population does not have access to the banking sector, but still owns a smartphone.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.

Advertisement

Closer to CELO Coin Crypto, What's Unique?

Follow TODAYSGIST on Google News  and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!

SHARE POST AND EARN REWARDS:

Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program

Advertisement

FIRST TIME REACTIONS:

Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.

JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >

#Closer #CELO #Coin #Crypto #What39s #Unique
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending