Season 3

Episode 25

Available Now

The Mobile Blockchain

Thu Apr 13 2023



Celo Foundation


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Show Notes

The Mobile Blockchain

Nikhil entered the crypto space motivated by the idea of financial inclusion and bypassing traditional financial institutions. With a background in economic consulting and a strong social consciousness, he was drawn to the Celo blockchain. Celo is the first mobile layer 1 carbon-negative chain, with the goal of building a new digital regenerative economy for all.

00:00 to 02:12 - Who’s Nikhil and Celo

02:12 to 08:00 - Celo Mobile PoS

08:00 to 09:05 - How it Works?

09:05 to 14:05 - Ecosystem

14:05 to 14:57 - Incentive for Contributing

14:57 to 17:40 - Carbon Negative

17:40 to 19:23 - Gas Efficiency

19:23 to 21:18 - Native Currency

21:18 to 22:42 - Rollups

22:42 to 26:13 - Decentralized Stand

26:13 to 29:00 - On-Ramp

29:00 to 32:33 - Global Currency

32:33 to 37:31 - Onboarding

37:31 to 38:38 - Coverage

38:38 to 48:24 - Internet of Things

48:24 to 50:08 - Transparency

50:08 to 54:08 - Rounding Off


EVM: The Ethereum Virtual Machine is a runtime environment for smart contracts on the Ethereum blockchain, providing a secure and deterministic way to execute code.

PoS: Proof-of-Stake is a consensus mechanism used in blockchain networks, where validators are chosen to validate transactions based on the amount of cryptocurrency they hold and stake as collateral.

PoW: Proof-of-Work is a consensus mechanism used in blockchain networks, where validators are chosen based on their computational power to solve complex mathematical problems and validate transactions.

L1: Layer 1 refers to the underlying blockchain protocol layer that handles basic transaction processing and consensus. Examples of L1 blockchains include Bitcoin and Ethereum.

Nodes: Nodes are computers or devices that run the blockchain software and participate in transaction validation and consensus on the network.

Metamask: MetaMask is a browser extension that allows users to interact with Ethereum blockchain applications directly from their browser.

zkProofs: Zero-knowledge proofs are cryptographic protocols that enable one party to prove knowledge of certain information to another party without revealing any information beyond the proof itself.

Validators: Validators are nodes that participate in consensus mechanisms, such as Proof-of-Stake, to validate transactions on a blockchain network and earn rewards for doing so.

Solidity: Solidity is a programming language used to write smart contracts on the Ethereum blockchain.

APIs: APIs (Application Programming Interfaces) are software interfaces that allow applications to interact with each other, often used to retrieve data from a service or platform.

Epoch: In blockchain networks, an epoch refers to a set number of blocks that are validated by the network before the consensus mechanism selects new validators or makes other changes to the network's configuration.

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