Celo is an open-source layer-1 blockchain designed to create an inclusive and accessible financial system, especially through the use of mobile phones.
Here are some key points about Celo:
Goal: Facilitate access to digital finance through mobile devices.
Consensus Algorithm: It uses the Proof of Stake (PoS) consensus algorithm.
Stablecoins: Celo has several algorithmic stablecoins such as cUSD, cEuro, and cReal.
Native Token: Celo's native token is CELO, an ERC-201 token.
Transition to Ethereum L2: In July 2023, a proposal was launched to transition to Ethereum L2.
As for its market, the current price of CELO is approximately $0.4382 USD, with a market cap of $240,199,824 USD and a circulating supply of 548,116,086 CELO.
