Celo

Celo Data

Celo Overview

Celo is a blockchain platform that aims to create a more accessible and inclusive financial system for everyone, using mobile devices and blockchain technology. The platform includes a stablecoin called Celo Dollars (cUSD) and uses a proof-of-stake consensus mechanism that allows users to participate in network validation and governance through the native token, CELO. The CELO token is used for staking, governance, and as a means of exchange for services and products within the Celo ecosystem, while cUSD is used as a means of exchange for transactions within the platform. Overall, Celo aims to create a more inclusive financial system by enabling people around the world to participate in the global economy, regardless of their location or financial status.