2022-11-29
In the midst of a sluggish market, Celo (CELO). The price of world’s 94 biggest
coin by market capitalization is soaring. The price increased 33% in 7 days,
from November 22, 2022 – November 29, 2022. What’s good about Celo?
What is Celo ?
Celo is a layer 1 blockchain. Celo team focus its blockchain development
for mobile phone usage by using mobile phone number as an address for accepting
blockchain transaction.
To put it simply Celo is a developer that focuses on blockchain
payment on mobile phone.
Celo supports smart contracts and decentralized applications. Celo
is used to pay for transaction fees. Celo network has 3 stablecoins including
Celo Dollar (CUSD), Celo Euro (CEUR), and Celo Brazilian Real.
Celo blockchain designed specifically for mobile phone. It founded in
2017 by Rene Reinsberg and Marek Olszewski, an MIT professor and a Google
executive.
