About CELO
Celo is a cryptocurrency and blockchain network designed to provide easy, streamlined access to digital assets and cryptocurrencies. Celo aims to make cryptocurrency accessible by establishing a completely decentralized payment system that creates wallets with users’ mobile phone numbers, streamlining the onboarding process. Celo price is updated live on Binance.
Celo is a proof-of-stake (PoS) layer 1 blockchain network complete with a virtual machine that facilitates smart contract and decentralized application (dApp) development and deployment. The Celo ecosystem can be used to issue stablecoins, such as cUSD, via an algorithmic stablecoin collateralization model.
Celo’s core function is to facilitate the seamless transfer of funds between parties using just a mobile phone number, and therefore, uses mobile phone numbers as the public key for Celo wallet addresses.
