Celo

Celo is a mobile-first Layer 1 blockchain designed to make financial tools accessible to anyone with a smartphone. The platform enables users to send cryptocurrency to phone numbers through its identity protocol, removing the need to share complex wallet addresses. Celo uses a Proof of Stake consensus based on Byzantine Fault Tolerance and features a novel address-based encryption scheme. The blockchain natively supports multiple stablecoins including cUSD, cEUR, and cREAL, pegged to USD, Eur...

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