Celo celo

Celo is a blockchain protocol that simplifies the user experience by getting rid of the clunky public keys on the user side and replacing them with mobile phone numbers that most of us are used to. They are also far easier to remember comparatively & type into a form as an address. The network also supports the development of smart contracts and decentralized applications. Its first application, Celo Wallet, intends to be a social-payments system centered around mobile phones. Celo has featured 2 primary crypto assets: Celo & Celo Dollars. The native asset of the protocol is CELO. It serves as a utility that enables users to participate in network consensus (through its Proof-of-Stake system), pays for on-chain transactions, and vote on governance decisions. Celo Dollars (cUSD) are a stable asset that follows the US Dollar

The Celo team consists of dozens of amazing individuals from all over the world and from multiple disciplines, including software development, blockchain engineering, marketing, business, finance, and others. The three co-founders of Celo are Rene Reinsberg, Sep Kamvar & Marek Olszewski. The 3 share the responsibility of running the project through cLabs. Rene Reinsberg is in charge of the business. Also, some time ago, Rene was an EIR at General Catalyst Partners. Previously, he was GoDaddy’s Vice President of 'Emerging Products'. Sep Kamvar invented the digital reputation system EigenTrust, which Google once used as part of their Pagerank algorithm. Marek Olszewski is an avid computer engineer with a Ph.D. in Computer Science from the Massachusetts Institute of Technology

The main reasons to invest in Celo include: 1. Rather than using complex, long strings of letters and numbers as blockchain addresses, users of Celo can send and receive cryptocurrencies using their mobile phone numbers. 2. Celo consists of EigenTrust Algorithm that measures reputation, similar to how a credit score measures our financial reputation