Celo transitions to Ethereum Layer 2 with mobile-centric features.
Celo is transitioning to an Ethereum Layer 2, offering mobile-based, EVM-compatible, carbon-negative, localized stablecoins, and rewards for securing the ecosystem via staking and governance.
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What is Celo (CELO)?
Celo is evolving from a standalone EVM-compatible Layer 1 blockchain to an Ethereum Layer 2 solution. It was created to unlock a new realm of financial opportunities accessible through mobile devices, aiming to build a global financial ecosystem where users can join the Celo network simply by using their mobile numbers. Key features of Celo include a Layer-2 protocol, EVM compatibility, Proof-of-Stake consensus, carbon negativity, mobile-first identity, ultra-light clients, localized stablecoins (cUSD, cEUR, cREAL), and the ability to pay gas fees in various currencies. Celo simplifies sending payments to anyone with an internet connection, anywhere in the world, by mapping phone numbers to wallet addresses via a decentralized identity layer. Mobile users can also earn rewards by helping s...
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Celo price live information
As of now, Celo is trading at 0.2667 USD, with a 24-hour trading volume of approximately 924.49K USD. The CELO to USD price is updated in real time. Over the past 24 hours, Celo has increased by 0.04%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 152.19M USD. Currently, there are 570 648 764 CELO in circulation out of a maximum supply of 1 000 000 000 CELO.
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