Celo, the cellular targeted blockchain platform targeted on rising markets like Africa, has revealed that its testnet has recorded 100 million transactions whereas the mainnet just isn’t far behind at 95 million transactions.
Celo says it’s on a mission to introduce cryptocurrency transactions to the billions of smartphone owners across the world seeking to attain these with out banking entry in rising markets.
Celo blockchain stats presently appear like this:
- A ledger closing time of about 5 seconds
- A transaction throughput of 1,000 transactions per second
- A median transaction price of $0.005405
______________________________________________________________________
SEE ALSO: Celo was the 4th Fastest Growing Blockchain in 2021
______________________________________________________________________
The chain is reportedly one of the cheapest blockchains when in comparison with different main blockchains:
- Ethereum – $21.41
- Bitcoin – $1.57
- Loopring – $0.46
- Avalanche – $0.45
- Binance Sensible Chain – $0.35
- Bitcoin Money – $0.01
- Polygon – $0.00265
- Solana – $0.00025
The Celo ecosystem consists of:
- A decentralized proof of stake blockhain
- The CELO native asset
- 2 stablecoins – cUSD, cEUR
CELO is a proof-of-stake (PoS) coin which may be used to pay transaction charges, take part in governance, and different associated actions.
The community intends to assist quite a lot of stablecoins sooner or later with 3 stablecoins already in use:
- The Celo Greenback (cUSD)
- The Celo Euro (cEUR)
- The Celo Brazilian Actual (cREAL)
______________________________________________________________________
RECOMMENDED READING: Understanding the Polygon Network and its Quest to Become an Internet of Blockchains
______________________________________________________________________
Thanks on your assist by serving to us create content material:
BTC deal with: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT
ERC20 Deal with: 0x03139524428e40E31f13909f8D994C915FB91277
SOL deal with: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb
____________________________________________________________________
Comply with us on Twitter for the most recent posts and updates
Be part of and work together with our Telegram community
_____________________
Subscribe to our YouTube channel under for extra updates:
_____________________________________________________________
Associated
