About 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...