What Is Celo

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Celo is an open platform that makes financial tools accessible to anyone with a mobile phone

Celo’s aim is to empower anyone with a smartphone anywhere in the world to have access to financial services, send money to phone numbers, and pay merchants -- on a decentralized platform that is operated by a community of users.

Celo is a platform that is open-source, allowing for an ecosystem of powerful applications built on top, including easier cash transfer programs, peer-to-peer lending, collaborative small-scale insurance, and other digital assets and wallets.

To create a truly inclusive and unique financial system, Celo has built an infrastructure that includes unique features that create a seamless user experience on mobile phones.

Celo's platform is powered by the community. Users can earn currency by hosting software that forwards mobile devices' requests or validates their transactions.

Celo is a proof-of-stake based blockchain with smart contracts. The technology uses a phone number-based identity system with address-based encryption and eigentrust-based reputation.

Resources:

The Celo Overview full info

The Great Celo Stake-off

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