Season 3

Episode 25

Available Now

The Mobile Blockchain

Thu Apr 13 2023

Bunzy

Host

Celo Foundation

Guest

Back Button Icon

Listen Now On

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


Glossary

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.

Previous Episodes

Ready to
become alpha?

Join over a few thousand people following our
alpha world, trends and ideas in life.