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Marek Olszewski & Rene Reinsberg: Celo – The Mobile-First High-Throughput Blockchain

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Sinopsis

With an average block time of 5 seconds and sub-cent transaction gas fees, Celo focuses on scalability and ease of access in order to bring DeFi to those that need it the most. Celo’s vision of ensuring equal access is reflected through their mobile-first design, aiming to disrupt legacy TradFi. The upcoming transition to an L2 rollup aims to tap into Ethereum’s security, while maintaining minimal costs through Celo’s scalability and EigenLayer’s data availability solutions.We were joined by Marek Olszewski & Rene Reinsberg to discuss Celo's mobile-first approach to building a low-fee, high-throughput blockchain with real-world applications, and their transition to an Ethereum L2.Topics covered in this episode:Rene’s and Marek’s backgroundsCelo’s design principlesCelo’s scalabilityMobile compatibility for blockchains and dAppsWallet UXStablecoins as gas token & transaction confirmation timesOptimising mobile accessibilitySocialConnect & off-chain social identifiersCelo’s transition to an Ethereum