Exchange rate Celo:
Supply in circulation
Popularity by CMC
Exchange rate Celo on the largest Cryptocurrency Exchanges:
Celo is a relatively young project its main goal is to adopt cryptocurrencies as a common means of payment. This is to ensure access to fast payment and banking methods for people who do not currently have such a possibility. Thanks to its easy implementation method, making the ecosystem accessible to Celo is designed to be very simple. Currently, the main problems in adopting cryptocurrencies as a means of payment are ease of use and volatility in purchasing power. The project aims to address these issues using an address-based encryption scheme and a resource with a stable value. The first product of the project is a social payment system centered around mobile phones.
The history of Celeo
The project started in 2017, but it became much louder about Celo in 2020. On May 11 this year, the ICO of the project took place, which raised $ 6.5 billion. Just earlier on March 31, the project announced that it would donate $ 700,000 to the 16 startups that choose to build the network. The condition was, of course, checking and verifying the startups mission - whether it was in line with the mission of the entire project. In addition, the project plans further subsidies, the main purpose of which will be to protect the endangered population. The reason for this is the team's awareness of the lasting effects and changes that the COVID-19 pandemic will bring about in the world.
Principle of operation
The project's blockchain is built on Go-Etherum and the consensus protocol is based on an implementation called Istalbul Byzantine Fault Tolerance (IBFT). In this algorithm, a defined set of validators sends the signed messages among themselves in a sequence of steps to reach agreement even if a third of all nodes are broken. The Celo project modified the IBFT to update it to the latest versions of GO-Ethereum, further improving scalability and security. As for the management changes from Celo, they are done using smart contracts. The project itself is to solve the problem, first of all, of the difficulties in adapting cryptocurrencies. Currently, in order to make a transfer from one cryptocurrency address to another, it is necessary to know the address, i.e. a string of characters, which can be troublesome. Celo proposes a solution that implements and connects the wallet address with, for example, an e-mail address. The only difference is that the implementation would not take place by third parties, so it would still be a decentralized network. In addition, Celo is planning a network of loans, deposits and an entire ecosystem to help citizens in banking and personal finance. The current advantage of cryptocurrencies is definitely faster time and lower fees. Their price stability remains a problem. So Celo introduced a dollar-based stablecoin to address this problem.
The Celo and Celo Dollar cryptocurrencies can be stored on the official wallet in the Celo ecosystem. Unfortunately, at present, neither Trezor nor the ledger allow the storage of this cryptocurrency on their devices.
The Celo cryptocurrency currently ranks 70th in terms of capitalization among all cryptocurrencies. The highest price in history for the project was on February 18, 2021 at $ 5.76. The daily turnover of the stock is over USD 50 million. Celo is listed on 6 exchanges. The Coinbase Pro exchange, which has 68% of the turnover, is responsible for the highest turnover. Another is the OKEx exchange with 19% and Coinbene with 8%. The Bittrex exchange with about 3% of the turnover may also be worth mentioning. On the other platforms, the turnover is practically zero.
Include on your website a calculator Celo and chart CELOUSD using the widgets below.
To run a calculator or chart on your site, please:
- Copy the code of the selected widget and paste it into the right place on your website
- You can also configure widgets as needed by modifying the parameters:
- data-crypto="" - enter a list of cryptocurrencies that will be available in the cryptocurrency calculator. Enter the cryptocurrency shortname. You can add many cryptos, e.g. BTC, ETH, TEO. You will find a list of available cryptocurrencies here. To add all cryptocurrencies - leave the tag empty.
- data-fiat="" - enter the list of FIAT currencies that will be available in the cryptocurrency calculator, you can choose multiple currencies by entering e.g. PLN, USD, EUR, GBP. To add all FIAT currencies - leave the field blank.
- Parameters are configurable for the cryptocurrency calculator. In the case of the chart, it is not possible to add many parameters (crypto or fiat).
- To use widgets, you must include a link to your source. The link is included in the above widget codes. The link should not contain the parameter rel = "nofollow".