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What is Celo?

Celo (CELO) is a blockchain focused on increasing cryptocurrency adoption among smartphone users. By using phone numbers as public keys, Celo hopes to enable billions of smartphone owners to use cryptocurrency. The Celo network also allows the creation of smart contracts and decentralized applications (DApps). You can safely and reliably buy, sell and store CELO at LiteBit.

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Celo explained: How to include the world’s unbanked people on a global scale?

Oct 10, 2022

Blockchain technology is facing serious hurdles. Those chains that are highly secure and decentralized like Bitcoin are slow to scale. Others can serve more users and transactions but are less secure or less decentralized. When taking mobile communications into account, then these problems are even more severe. Smartphones usually don’t have the capacity to run full nodes and internet connectivity might not be available in all places.

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