$CELO Explained: The Mobile-First Layer 2
Let's break down a simple concept:
Project: Celo.
Sector: Mobile-first Payments & DeFi Layer 2.
What it does: Celo is an Ethereum Layer 2 blockchain designed for real-world payments. It enables fast, low-cost transactions and allows users to pay network fees with stablecoins like USDC or USDT, making crypto accessible on mobile devices.
Why it matters: It's built for mass adoption. Through partnerships like Opera's MiniPay wallet, Celo powers real-world stablecoin payments for millions, with over 11 million activated wallets. It recently completed a major upgrade (Jello hardfork) integrating zero-knowledge proofs for enhanced security.
Educational, not advice.
