1. Project introduction

The Celo protocol is an open, distributed cryptographic protocol that allows applications to make transactions with and perform computation on a family of cryptocurrencies, including ones pegged to ‘fiat’ currencies like the US Dollar. The Celo Wallet app, the first of an ecosystem of applications, allows end users to manage accounts and make payments securely and simply by taking advantage of the innovations in the Celo protocol. Highlights include:

(1) Stable Value Currencies: Celo includes native support for multiple ERC20-like stable currencies pegged to ‘fiat’ currencies like the US dollar, to facilitate the use of Celo as a means of payment.

(2) Immediate Syncing Even on Slow ConnectionsExtremely fast, secure synchronization between mobile devices and the Celo network means that even wallet users with high latency, low bandwidth, or high cost data tariffs can use Celo. Performance will be further improved with BLS signature aggregation and succinct zero-knowledge proofs, via zk-SNARKs.

(3) Proof-of-StakeCelo uses a proof-of-stake consensus algorithm. In comparison to Proof of Work systems like Bitcoin and Ethereum, this eliminates the negative environmental impact and means that users can make transactions that are cheaper, faster, and where the outcome cannot be changed once complete.

(4) Programmable (Full EVM Compatibility) Celo includes a programmable smart contract platform that is compatible with the Ethereum Virtual Machine, which is already widely adopted, familiar to developers, and has strong tool support. This enables Celo to deliver rich user features and rapidly support a wide ecosystem of third-party applications and extensions.

2. Team introduction

https://celo.org/about

3. Investment institution

a16z, Coinbase Venture, Polychain Capital, etc.