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Celo Protocol

Summary of the Celo Protocol and the value it provides to the community.

The Platform for Mobile DeFi​

The Celo protocol provides a platform upon which the Celo community can create stabilized value digital assets. Named for the currencies they follow, Celo Dollars (cUSD), Celo Euros (cEUR) and Celo Reals are Mento stablecoins that allow anyone to share value faster, cheaper and more easily from a mobile phone.

The Celo protocol also includes mechanisms for lightweight identity and ultralight mobile clients.

Innovative tools to build native mobile dApps:

  • Stable Value Currencies
  • Phone Number Public Key Infrastructure
  • On-chain Governance
  • Self Custody
  • Proof-of-Stake
  • Open-source
  • Permissionless
  • High Speed Sync for Ultra-light Clients
  • Gas Payable in Multiple Stablecoins
  • Programmable (full EVM Compatibility)

Optimized for Financial Applications​

Powered by Celo’s industry-leading decentralized phone number verification, payment applications built on Celo allow users to easily send or request digital currencies from any mobile number, anywhere in the world, capable of offering their users features like:

  • Non-custodial wallets
  • Ultra low network transaction fees
  • Digital currency exchange capabilities
  • QR Code Support
  • Mobile first SDK

Core Contracts​

Designed to support an ecology of stable value currencies. The first Mento stablecoin, cUSD, tracks the value of the US Dollar.

  • Algorithmic reserve-backed stabilization mechanism
  • Crypto-asset collateralized
  • Native support for multiple stablecoins

Blockchain​

Open source permissionless smart contract platform built on decentralized infrastructure.

  • Proof-of-Stake based consensus with high throughput, low latency, and zero carbon
  • Incentives for serving mobile devices
  • On-chain governance

Build on Celo​

Visit docs.celo.org to learn more.