What Is Celo (CELO)?
The Celo blockchain is an open-source, decentralized platform designed to facilitate accessible and inclusive financial services. It prioritizes mobile accessibility and aims to empower individuals worldwide, particularly those in underserved or unbanked regions, by providing a blockchain infrastructure for mobile payments, remittances, and other financial applications. Celo employs various mechanisms, including a stablecoin (cUSD) and a proof-of-stake consensus algorithm, to achieve its mission of fostering a more inclusive and borderless financial system.