Celo

Celo operates as an Ethereum Layer 2 blockchain specifically designed for real-world payment applications. The platform prioritizes fast transaction processing and low-cost operations, making it accessible for global users and developers.

Key Features:

• Mobile-first approach with smartphone-optimized wallet integration
• Low transaction fees enabling micropayments and everyday use cases
• Fast settlement times for immediate payment confirmation
• EVM compatibility allowing easy migration of Ethereum applications
• Stablecoin ecosystem with native CUSD and CEUR tokens

Developer Benefits:

• Complete developer toolkit with comprehensive documentation
• Cross-chain bridging capabilities for asset transfers
• Governance participation through on-chain voting mechanisms
• Epoch rewards system incentivizing network participation

The platform focuses on practical applications rather than speculative use cases, targeting remittances, merchant payments, and financial inclusion in emerging markets. Developers can leverage familiar Ethereum tools while benefiting from improved scalability and reduced costs.