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 backgrounds
• Celo’s design principles
• Celo’s scalability
• Mobile compatibility for blockchains and dApps
• Wallet UX
• Stablecoins as gas token & transaction confirmation times
• Optimising mobile accessibility
• SocialConnect & off-chain social identifiers
• Celo’s transition to an Ethereum L2
• Single block finality in an optimistic rollup
• Sequencer decentralisation
• Lowering costs of settling on Ethereum via EigenDA
• Credit Collective & Impact Market
• Mento DAO
• The future of Celo

Episode links:

• Marek Olszewski on Twitter
• Rene Reinsberg on Twitter
• Celo on Twitter
• MiniPay on Twitter
• cLabs on Twitter
• Credit Collective on Twitter
• Impact Market on Twitter
• Mento Labs on Twitter

Sponsors:

• dYdX Foundation: The recently launched dYdX chain features new governance and token economics, that empower stakers and promote validator decentralisation. Bridge your DYDX tokens and contribute to the evolution of dYdX chain, fully permissionless and community driven. - https://bit.ly/47kqG59

This episode is hosted by Friederike Ernst. Show notes and listening options: epicenter.tv/524